Arista Networks (ANET)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	3,630,281	3,399,661	3,167,222	2,926,358	2,675,696	2,429,804	2,198,439	2,009,352	1,880,779	1,772,649	1,678,996	1,568,907	1,481,886	1,423,605	1,455,917	1,502,019	1,544,338	1,563,027	1,507,336	1,451,028
Revenue (ttm)	US$ in thousands	5,860,170	5,595,280	5,262,620	4,855,590	4,381,306	3,930,215	3,502,112	3,157,541	2,948,037	2,772,060	2,628,794	2,462,045	2,317,512	2,221,576	2,274,860	2,342,611	2,415,006	2,458,186	2,362,107	2,272,951
Gross profit margin		61.95%	60.76%	60.18%	60.27%	61.07%	61.82%	62.77%	63.64%	63.80%	63.95%	63.87%	63.72%	63.94%	64.08%	64.00%	64.12%	63.95%	63.58%	63.81%	63.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,630,281K ÷ $5,860,170K
= 61.95%

The gross profit margin of Arista Networks Inc has shown a slight fluctuation over the past eight quarters. In Q4 2023, the gross profit margin was 61.95%, which increased from the previous quarter but remained below the levels seen in Q2 and Q3 2022. The trend over the quarters indicates a general decrease from higher levels in early 2022 to the current range around 60-62%. This suggests that Arista Networks Inc may be facing pricing pressures or increasing costs that are impacting its ability to generate higher gross profits. Further analysis of the company's revenue and cost structure would be necessary to understand the drivers behind these fluctuations in the gross profit margin.