earnings
confidence high
sentiment positive
materiality 0.75
Arista reports Q2 revenue $1.05B (+49% YoY); first billion-dollar quarter; GAAP EPS $0.94
Arista Networks, Inc.
2022-Q2 EPS reported
$1.80
revenue$1,928,957,000
- Q2 revenue $1.052B, up 48.7% YoY; GAAP net income $299.1M ($0.94 diluted EPS); non-GAAP EPS $1.08.
- GAAP gross margin 61.2% vs 64.2% YoY; Non-GAAP gross margin 61.9% vs 65.2% YoY.
- Q3 guidance: revenue $1.025-1.075B; non-GAAP gross margin 60-62%; non-GAAP operating margin ~39%.
- Acquired Pluribus Networks (unified cloud fabrics); financial terms not disclosed.