Arista Q3 revenue $1.18B (+57% YoY); EPS $1.25 non-GAAP, guides Q4 $1.18-1.20B

Arista Networks, Inc.

2022-Q3 EPS reported $2.92 revenue$3,105,758,000

Revenue $1.177B, +57% YoY, +12% QoQ; record quarter.
Non-GAAP EPS $1.25 (GAAP $1.13); non-GAAP gross margin 61.2%.
Q4 guidance: revenue $1.175-1.200B; non-GAAP gross margin 60-62%.
CEO notes record revenue, outpace peers; entering next phase of evolution.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Arista Networks, Inc. reported third quarter ended September 30, 2022 results: revenue $1.177 billion, net income $354.0 million, EPS $1.13 per diluted share. Guidance initiated.

Period: third quarter ended September 30, 2022
Revenue: $1.177 billion
Net income: $354.0 million
EPS: $1.13 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

“Clearly, we are entering the next phase of Arista’s evolution in products, customer intimacy and new market expansion.” Third Quarter Financial Highlights • Revenue of $1.177 billion, an increase of 11.9% compared to the second quarter of 2022, and an increase of 57.2% from the third quarter of 2021. • GAAP gross margin of 60.3%, compared to GAAP gross margin

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Source: SEC EDGAR

accession 0001596532-22-000292

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