As of Q4'25, ANET reported an EPS of USD 0.76, marking the highest value in the period from Q1'23 to Q4'25. Year-over-year EPS growth for Q4'25 stands at 19.7%, indicating continued positive momentum, though at a slower pace compared to earlier quarters. From Q1'23 to Q4'25, ANET's EPS has shown a consistent upward trajectory, rising from USD 0.355 to USD 0.76. While the EPS growth rate started strong—exceeding 60% YoY in early 2023—it has gradually moderated, with growth rates trending downward to the 14-34% range in 2025. This pattern suggests robust earnings expansion, albeit with decelerating growth as the base effect increases over time.