Want to see ANET full AI Analyst Report?
Gross Margin by Segment
Indicates the efficiency and profitability of each business segment, providing insight into Arista Networks' cost management and pricing strategy.Product gross margin has shown meaningful volatility—peaking then drifting lower—while Services remains consistently high, effectively cushioning overall profitability. Management confirms the weakness stems from supply-driven premiums and mix shifts but says overall gross margin should stay in the guided band; that resilience relies on stable Services and pricing. For investors, the key risk is continued procurement cost pressure and mix changes from AI/product ramps that could erode margins despite strong top-line momentum—watch product margin, inventory build and deferred-revenue timing.
Date | Product | Service |
|---|---|---|
Jun 30, 2026 | 60.00 | 82.00 |
Mar 31, 2026 | 58.00 | 82.00 |
Dec 31, 2025 | 59.00 | 82.00 |
Sep 30, 2025 | 61.00 | 82.00 |
Jun 30, 2025 | 62.00 | 82.00 |
Mar 31, 2025 | 60.00 | 82.00 |
Dec 31, 2024 | 60.00 | 83.00 |
Sep 30, 2024 | 61.00 | 81.00 |
Jun 30, 2024 | 62.00 | 80.00 |
Mar 31, 2024 | 61.00 | 80.00 |