Arista Networks
ANETQ4 2023(ANET Q3 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$1.9B
AI Revenue (Q)
$45.3M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
10-Q for Q3 2023 (period ending Sep 30, 2023). Revenue: $1,509.5M. Filing references 'AI Ethernet switching' in forward-looking statements for the first time -- a significant signal. The addition of 'the impact of artificial intelligence' to market opportunity language confirms AI networking was becoming material. Cloud titans accelerating GPU cluster builds. Conservative estimate: ~3% of revenue from AI back-end networking. Math: 3% x $1,509M = ~$45M.
Analyzed by claude-opus-4-6
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix