Product — Total Cost of Revenue
Arista Networks Product — Total Cost of Revenue increased by 12.7% to $961.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 43.0%, from $672.70M to $961.90M. Over 4 years (FY 2021 to FY 2025), Product — Total Cost of Revenue shows an upward trend with a 32.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression or rising supply chain costs, whereas a decrease relative to revenue indicates improved manufacturing efficiency or favorable component pricing.
Detailed definition
This metric captures the direct costs associated with manufacturing, sourcing components, and delivering the company's h...
Peer comparison
Comparable to cost of goods sold (COGS) for hardware segments in peer networking and telecommunications equipment providers.
anet_segment_product_total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $225.78M | $243.34M | $270.81M | $293.81M | $375.63M | $432.57M | $471.62M | $508.86M | $533.61M | $522.87M | $495.86M | $521.70M | $540.40M | $593.30M | $643.60M | $672.70M | $707.30M | $745.50M | $853.20M | $961.90M |
| QoQ Change | — | +7.8% | +11.3% | +8.5% | +27.8% | +15.2% | +9.0% | +7.9% | +4.9% | -2.0% | -5.2% | +5.2% | +3.6% | +9.8% | +8.5% | +4.5% | +5.1% | +5.4% | +14.4% | +12.7% |
| YoY Change | — | — | — | — | +66.4% | +77.8% | +74.2% | +73.2% | +42.1% | +20.9% | +5.1% | +2.5% | +1.3% | +13.5% | +29.8% | +28.9% | +30.9% | +25.7% | +32.6% | +43.0% |
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Frequently Asked Questions
- What is Arista Networks's product — total cost of revenue?
- Arista Networks (ANET) reported product — total cost of revenue of $961.90M in Q1 2026.
- How has Arista Networks's product — total cost of revenue changed year-over-year?
- Arista Networks's product — total cost of revenue increased by 43.0% year-over-year, from $672.70M to $961.90M.
- What is the long-term trend for Arista Networks's product — total cost of revenue?
- Over 4 years (2021 to 2025), Arista Networks's product — total cost of revenue has grown at a 32.8% compound annual growth rate (CAGR), from $958.36M to $2.98B.
- What does product — total cost of revenue mean?
- The total direct expenses incurred to produce and deliver the company's networking hardware.