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ANET Revenue by Segments

Revenue by Segments

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In Q4'25, ANET's Product segment generated $2.10B in revenue, marking a significant increase from prior quarters, while the Service segment contributed $392.1M, reflecting steady growth in support offerings. Total revenue for the quarter reached approximately $2.49B, underscoring the dominance of product sales at about 84% of the overall figure. From Q1'23 to Q4'25, ANET's revenue exhibited robust overall growth, with total quarterly figures rising from $1.35B to $2.49B, driven primarily by the Product segment's expansion from $1.17B to $2.10B amid increasing demand for networking solutions. The Service segment also trended upward from $179.3M to $392.1M, though it remained a smaller portion (around 16% in the latest period), highlighting a consistent pattern of product-led scaling with supportive service contributions; notable accelerations occurred post-Q4'23, including a jump in Q4'24 product revenue to $1.61B.