---
schema_version: "secwatch.filing_event.v1"
accession: "0001596532-23-000101"
form_type: "8-K"
ticker: "ANET"
cik: "0001596532"
company_name: "Arista Networks, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:00:45.070458+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arista Q1 revenue $1.351B (+54% YoY); non-GAAP EPS $1.43 beats $0.84 YoY

## Summary
- Revenue of $1.351B, up 54.1% YoY and 5.9% sequentially.
- GAAP net income $436.5M ($1.38 diluted EPS) vs $272.3M ($0.85) YoY.
- Non-GAAP net income $452.5M ($1.43 diluted EPS) vs $268.5M ($0.84) YoY.
- Q2 guidance: revenue $1.35-1.4B, non-GAAP gross margin ~61%, non-GAAP operating margin ~40%.

## SEC filing metadata
- accession: 0001596532-23-000101
- form_type: 8-K
- ticker: ANET
- cik: 0001596532
- company_name: Arista Networks, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000101/0001596532-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000101/anet-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596532-23-000101
- JSON: https://secwatch.observer/filing/0001596532-23-000101.json
- Plain text: https://secwatch.observer/filing/0001596532-23-000101.txt

## Key facts
- Earnings Releases
  Arista Networks, Inc. reported first quarter ended March 31, 2023 results: revenue $1.351 billion, net income $436.5 million, EPS $1.38 per diluted share. Guidance initiated.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1.351 billion
  - Net income: $436.5 million
  - EPS: $1.38 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Arista Networks, Inc. Reports First Quarter 2023 Financial Results SANTA CLARA, Calif.- May 1, 2023 -- Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client to cloud networking for large data center, campus and routing environments, today announced financial results for its first quarter ended March 31, 2023. “Amid macroeconomic uncertainty and a gradually recovering supply chain, Arista continues to bring innovative, leading-edge platforms to market, while delivering superior customer and financial outcomes,” said Jayshree Ullal, President and CEO of Arista Networks. “Our Q1 results illustrate this with continued growth in revenue and profits.” First Quarter Financial Highlights • Revenue of $1.351 billion, an increase of 5.9% compared to the fourth quarter of 2022, and an increase of 54.1% from the first quarter of 2022. • GAAP gross margin of 59.5%, compared to GAAP gross margin of 60.3% in the fourth quarter of 2022 and 63.1% in the first quarter of 2022. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000101/0001596532-23-000101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.