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ANET Current Contract Liabilities

Current Contract Liabilities

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As of Q4'25, Arista Networks ( ANET ) reported current contract liabilities of USD 4B, reflecting a slight decrease from the previous quarter's peak of USD 4.69B. This latest figure remains significantly elevated compared to earlier periods, highlighting a substantial increase over the past two years. From Q1'23 to Q4'25, the chart demonstrates a strong upward trend in current contract liabilities, with values rising from USD 1.09B to a high of USD 4.69B in Q3'25 before a modest pullback in Q4'25. The most notable acceleration occurred between Q1'24 and Q3'25, where liabilities more than doubled, indicating robust growth in contractual commitments. The recent dip in Q4'25 may suggest a normalization following rapid expansion, but overall, the trend remains markedly positive.