Arista Q3 revenue $1.509B (+28.3% YoY); non-GAAP EPS $1.83; FY outlook raised to >33% growth

Arista Networks, Inc.

2023-Q3 EPS reported $4.66 revenue$4,319,731,000

Revenue $1.509B (+28.3% YoY, +3.5% QoQ); GAAP EPS $1.72, non-GAAP EPS $1.83.
GAAP gross margin 62.4%; non-GAAP gross margin 63.1%, both up YoY and QoQ.
CFO says 2023 revenue growth outlook raised to >33% YoY (from prior guidance).
Q4 2023 guidance: revenue $1.5B-$1.55B, non-GAAP gross margin ~63%, non-GAAP operating margin ~42%.
Named by Spark as private telecom cloud networking provider; joined Ultra Ethernet Consortium for AI/HPC.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arista Networks, Inc. reported third quarter ended September 30, 2023 results: revenue $1.509 billion, net income $545.3 million, EPS $1.72 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $1.509 billion
Net income: $545.3 million
EPS: $1.72 per diluted share
Result: reported results

Exact text from the filing

in the third quarter,” says Jayshree Ullal, President and CEO of Arista Networks. “Customer momentum remained strong in both enter prise and cloud/AI sectors.” • Revenue of $1.509 billion, an increase of 3.5% compared to the second quarter of 2023, and an increase of 28.3% from the third quarter of 2022. • GAAP gross margin of 62.4%, compared to GAAP gross margin

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Source: SEC EDGAR

accession 0001596532-23-000272

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