As of Q4'25, ANET reported net income of USD 956M, marking the highest quarterly figure in the observed period. The year-over-year growth rate for this quarter stands at 19.3%, indicating continued profitability expansion, though at a slower pace compared to earlier quarters. From Q1'23 to Q4'25, ANET's net income demonstrated a strong upward trajectory, rising from USD 436M to USD 956M. While the absolute net income consistently increased each quarter, the year-over-year growth rate showed a gradual deceleration—from over 60% in early 2023 to below 20% by the end of 2025—suggesting that while earnings growth remains robust, the pace of expansion is moderating as the company matures.