Arista Networks

10-K for FY2023 (period ending Dec 31, 2023). Q4 2023 revenue: ~$1,540M (FY2023 ~$5,860M minus 9-month $4,320M). The annual report significantly expands AI language: 'AI Ethernet switching' listed as a key market; 'impact of artificial intelligence' cited as strategic priority. Management discussed on Q4 2023 earnings call that AI networking was ramping and guided ~$750M for CY2024. Conservative estimate for Q4 2023: ~5% from AI-specific back-end networking as orders accelerated into year-end. Math: 5% x $1,540M = ~$77M.