AI datacenter Ethernet switches

Arista Networks

The leader in high-speed Ethernet switches for AI and cloud datacenters. 2024 revenue $7B (+19.5%). Microsoft and Meta each spend $1B+ a year, together 35%+ of revenue (cloud titans 48%). Depends on Broadcom (Tomahawk/Jericho) for switch silicon; Meta built AI clusters on the 7700R4.

ANET Updated Jun 21, 2026 1 AI consumers

Arista Networks2024 revenue $7B
Money outBroadcomMarvell광모듈·트랜시버 (비공개)

Financials & Segments

  • Total revenue · 2024 revenue $7B (+19.5%)
  • Customer concentration · Microsoft and Meta ~48%; depends on Broadcom switch silicon.
  • Segments · Ethernet switches and software

Revenue from

  • Microsoft High confidence· Revenue ~$7B · FY2024 · annual revenue
    Supplies AI datacenter Ethernet switches to 마이크로소프트.
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."
  • Meta Platforms High confidence
    Supplies AI datacenter Ethernet switches to 메타 플랫폼스.
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."
  • Alphabet (Google) Medium confidence
    Supplies AI datacenter Ethernet switches to 알파벳 (구글).
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."
  • Amazon Medium confidence
    Supplies AI datacenter Ethernet switches to 아마존.
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."

Pays to

  • Broadcom High confidence
    Buys switch silicon (Tomahawk/Jericho) from Broadcom.
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."
  • Marvell Medium confidence
    Buys optical DSP and connectivity from Marvell.
    Confirms KO ITWorld Published Aug 1, 2025: "Meta builds AI clusters on the 7700R4."
    Confirms EN SEC EDGAR Published Feb 18, 2025: "10-K: Ethernet-switch revenue concentrated in MS and Meta."
    Confirms EN Arista Published Feb 18, 2025: "2024 revenue $7B (+19.5%); cloud titans 48%."
  • 광모듈·트랜시버 (비공개) Low confidence
    Optical modules and transceivers (undisclosed).
    Mentions EN Arista Published Feb 18, 2025: "Optical interconnect."

Value-chain ripple (tiers 2–3)

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