earnings
confidence high
sentiment positive
materiality 0.75
Arista Q2 revenue $707.3M (+30.8% YoY); GAAP EPS $2.47, guides Q3 $725-745M
Arista Networks, Inc.
2021-Q2 EPS reported
$4.73
revenue$1,374,881,000
- Revenue $707.3M, up 6% QoQ and 30.8% YoY; GAAP net income $196.9M ($2.47 diluted EPS).
- Non-GAAP net income $216.8M ($2.72 diluted EPS), up from $167.0M in Q2 2020.
- GAAP gross margin 64.2%; non-GAAP gross margin 65.2%; both improved YoY.
- Cumulative cloud ports shipped exceeded 50M; launched SwitchApp ultra-low latency switch and CloudVision 2021.
- Q3 2021 guidance: revenue $725-745M; non-GAAP gross margin 63-65%; non-GAAP op margin ~37%.