• Arista Networks average gross margin for 2023 was 60.8%, a 2.47% increase from 2022.
• Arista Networks average gross margin for 2022 was 62.34%, a 2.36% decline from 2021.
• Arista Networks average gross margin for 2021 was 63.85%, a 0.34% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.