Arista NetworksKPI data tables
Arista Networks operating metrics behind the KPI charts, newest period first (up to 24 periods per chart). Periods use each company's own fiscal labels where the source does; each table names its source.
| Period | Microsoft | Meta Platforms | All other customers |
|---|---|---|---|
| FY2025 | 26 | 16 | 58 |
| FY2024 | 20 | 15 | 65 |
| FY2023 | 18 | 21 | 61 |
| FY2022 | 16 | 26 | 58 |
Source: Arista Form 10-K for the year ended December 31, 2025 (filed 17 Feb 2026), Note 1 / concentrations: one end customer 16%, 15%, 21% and the other 26%, 20%, 18% of revenue for 2025, 2024, 2023. Arista Form 10-Q for the quarter ended September 30, 2025: Microsoft 20%, 18%, 16% and Meta Platforms 15%, 21%, 26% of revenue for 2024, 2023, 2022. All other is 100 minus the two printed shares.
| Period | Current (within 12 months) | Non-current |
|---|---|---|
| Q2 2026 | 5.101 | 1.765 |
| Q1 2026 | 4.91 | 1.289 |
| Q4 2025 | 4.003 | 1.37 |
| Q3 2025 | 3.521 | 1.166 |
| Q2 2025 | 2.788 | 1.274 |
| Q1 2025 | 2.073 | 1.016 |
| Q4 2024 | 1.727 | 1.064 |
| Q4 2023 | 0.915 | 0.591 |
Source: Arista consolidated balance sheets (current deferred revenue plus deferred revenue, non-current) in Form 10-K and Form 10-Q filings. Amounts converted from millions: YE2023 $915.2M / $591.0M; YE2024 $1,727.3M / $1,064.1M; Q1 2025 $2,072.7M / $1,016.1M; Q2 2025 $2,787.6M / $1,274.1M; Q3 2025 $3,520.7M / $1,165.5M; YE2025 $4,002.6M / $1,369.8M; Q1 2026 $4,909.5M / $1,289.2M; Q2 2026 $5,100.7M / $1,765.2M (10-Q filed 5 Aug 2026).
| Period | Unbilled multi-year PCS | Binding product shipments |
|---|---|---|
| Q2 2026 | 427.8 | 875.1 |
| Q1 2026 | 264.6 | 968.4 |
| Q4 2025 | 275.5 | 227.6 |
| Q3 2025 | 377.2 | 88.7 |
| Q2 2025 | 385.9 | 56.4 |
| Q1 2025 | 357.2 | 62.7 |
| Q4 2024 | 388.8 | 61.6 |
| Q2 2024 | 513 | 175.1 |
| Q1 2024 | 543.5 | 265.5 |
Source: Arista Form 10-Q and Form 10-K revenue footnote, 'Other Performance Obligations'. Unbilled multi-year PCS and binding product-shipment agreements as printed: Q1 2024 $543.5M / $265.5M; Q2 2024 $513.0M / $175.1M; YE2024 $388.8M / $61.6M; Q1 2025 $357.2M / $62.7M; Q2 2025 $385.9M / $56.4M; Q3 2025 $377.2M / $88.7M; YE2025 $275.5M / $227.6M; Q1 2026 $264.6M / $968.4M; Q2 2026 $427.8M / $875.1M (10-Q filed 5 Aug 2026). Q3 2024 is omitted because the split was not located.
| Period | Expected within 12 months | Expected after 12 months |
|---|---|---|
| Q2 2026 | 9.4 | 0.3 |
| Q1 2026 | 7.6 | 1.3 |
| Q4 2025 | 6.3 | 0.5 |
| Q3 2025 | 4.3 | 0.5 |
| Q2 2025 | 3.1 | 0.5 |
| Q1 2025 | 3 | 0.5 |
| Q4 2024 | 2.8 | 0.3 |
Source: Arista Form 10-K and Form 10-Q MD&A / commitments footnote, non-cancellable purchase obligations not recorded on the balance sheet. YE2024 $2.8B within 12 months / $0.3B after; Q1 2025 $3.0B / $0.5B; Q2 2025 $3.1B / $0.5B; Q3 2025 $4.3B / $0.5B; YE2025 $6.3B / $0.5B; Q1 2026 $7.6B / $1.3B; Q2 2026 $9.4B / $0.3B (10-Q filed 5 Aug 2026).
| Period | RPO (USD billions) |
|---|---|
| Q2 2026 | 8.4 |
| Q1 2026 | 7.7 |
| Q4 2025 | 6.1 |
| Q3 2025 | 5.3 |
| Q2 2025 | 4.7 |
| Q1 2025 | 3.7 |
| Q4 2024 | 3.4 |
| Q2 2024 | 3 |
| Q1 2024 | 2.6 |
Source: Arista Form 10-Q and Form 10-K revenue footnote, 'Revenue from Total Remaining Performance Obligations'. Printed totals: $2.6B at 31 Mar 2024; $3.0B at 30 Jun 2024; $3.4B at 31 Dec 2024; $3.7B at 31 Mar 2025; $4.7B at 30 Jun 2025; $5.3B at 30 Sep 2025; $6.1B at 31 Dec 2025; $7.7B at 31 Mar 2026; $8.4B at 30 Jun 2026 (Q2 2026 10-Q filed 5 Aug 2026). Q3 2024 is omitted because a printed RPO total was not located.