---
schema_version: "secwatch.filing_event.v1"
accession: "0001596532-23-000196"
form_type: "8-K"
ticker: "ANET"
cik: "0001596532"
company_name: "Arista Networks, Inc."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:02:42.502231+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Arista Q2 revenue $1.46B up 38.7% YoY; CFO Ita Brennan to retire in 2024

## Summary
- Q2 GAAP EPS $1.55, non-GAAP EPS $1.58; record revenue and profitability.
- Q3 guidance: revenue $1.45-$1.50B, non-GAAP gross margin ~62%, op margin ~41%.
- CFO Ita Brennan retiring in 2024 after replacement hired; no disagreement with company.
- Cumulative cloud networking ports shipped exceed 75 million.
- FY2023 revenue growth outlook raised to >30% YoY.

## SEC filing metadata
- accession: 0001596532-23-000196
- form_type: 8-K
- ticker: ANET
- cik: 0001596532
- company_name: Arista Networks, Inc.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000196/0001596532-23-000196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000196/anet-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596532-23-000196
- JSON: https://secwatch.observer/filing/0001596532-23-000196.json
- Plain text: https://secwatch.observer/filing/0001596532-23-000196.txt

## Key facts
- Earnings Releases
  Arista Networks, Inc. reported its second quarter ended June 30, 2023 results: revenue $1.459 billion, net income $491.9 million, or $1.55 per diluted share, EPS $1.55 per diluted share. Guidance raised.
  - Period: its second quarter ended June 30, 2023
  - Revenue: $1.459 billion
  - Net income: $491.9 million, or $1.55 per diluted share
  - EPS: $1.55 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: President and CEO of Arista Networks. “Our customers now represent more than 75 million cumulative cloud networking ports.” Second Quarter Financial Highlights • Revenue of $1.459 billion, an increase of 8.0% compared to the first quarter of 2023, and an increase of 38.7% from the second quarter of 2022. • GAAP gross margin of 60.6%, compared to GAAP gross margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000196/0001596532-23-000196-index.htm
- Executive change
  Ita Brennan departed as Senior Vice President, Chief Financial Officer at Arista Networks, Inc..
  - Action: notified intention to retire
  - Role: Senior Vice President, Chief Financial Officer
  source text: On July 27, 2023, Ita Brennan, the Company’s Senior Vice President, Chief Financial Officer, notified the Company of her intention to retire in 2024, effective after the Company has hired her replacement to ensure a smooth and orderly transition of her responsibilities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653223000196/0001596532-23-000196-index.htm

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