{"schema_version":"secwatch.filing_event.v1","accession":"0001596532-24-000041","form_type":"8-K","ticker":"ANET","cik":"0001596532","company_name":"Arista Networks, Inc.","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.750743+00:00","generated_at":"2026-06-06T04:19:41.661944+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Arista Networks Q4 revenue $1.54B (+20.8% YoY), non-GAAP EPS $2.08; appoints new CFO","bullets":["Q4 revenue $1,540.4M (+20.8% YoY); GAAP net income $613.6M ($1.92 diluted EPS), non-GAAP $664.3M ($2.08).","FY2023 revenue $5,860.2M (+33.8% YoY); non-GAAP net income $2,199.4M ($6.94 diluted EPS).","Q1 2024 guidance: revenue $1.52-1.56B, non-GAAP gross margin ~62%, operating margin ~42%.","Chantelle Breithaupt appointed CFO effective February 2024, succeeding outgoing CFO Ita Brennan.","GAAP gross margin improved to 64.9% in Q4 from 60.3% a year ago; non-GAAP gross margin 65.4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001596532-24-000041","json":"https://secwatch.observer/filing/0001596532-24-000041.json","markdown":"https://secwatch.observer/filing/0001596532-24-000041.md","text":"https://secwatch.observer/filing/0001596532-24-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/anet-20240212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:19:41.661944+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"069327d9d96526bf5fcc72178542c669f6993ade","claim":"Arista Networks, Inc. reported year ended December 31, 2023 results: revenue $5,860.2 million, net income $2,087.3 million, EPS $6.58 per diluted share.","evidence_excerpt":"• Revenue of $5,860.2 million, an increase of 33.8% compared to fiscal year 2022 . • GAAP gross margin of 61.9%, compared to GAAP gross margin of 61.1% in fiscal year 2022 . • Non-GAAP gross margin of 62.6%, compared to non-GAAP gross margin of 61.9% in fiscal year 2022 . • GAAP net income of $2,087.3 million, or $6.58 per diluted share, compared to GAAP net income of $1,352.4 million, or $4.27 per diluted share, in fiscal year 2022 . • Non-GAAP net income of $2,199.4 million or $6.94 per diluted share, compared to non-GAAP net income of $1,448.3 million or $4.58 per diluted share, in fiscal year 2022 .","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$5,860.2 million"},{"label":"Net income","value":"$2,087.3 million"},{"label":"EPS","value":"$6.58 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9b49a827a8bd2ecf3ed20e6b873963f9d9c4d97b","claim":"Arista Networks, Inc. reported quarter ending March 31, 2024 results: revenue $1.52 billion to $1.56 billion. Guidance initiated.","evidence_excerpt":"Financial Outlook For the first quarter of 2024, we expect: • Revenue between $1.52 billion to $1.56 billion; • Non-GAAP gross margin of approximately 62%; and • Non-GAAP operating margin of approximately 42%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ending March 31, 2024"},{"label":"Revenue","value":"$1.52 billion to $1.56 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"a68f1a0a0951784e8235a2be4c43650c24bb09f2","claim":"Arista Networks, Inc. reported quarter ended December 31, 2023 results: revenue $1,540.4 million, net income $613.6 million, EPS $1.92 per diluted share.","evidence_excerpt":"• Revenue of $1,540.4 million, an increase of 2.1% compared to the third quarter of 2023, and an increase of 20.8% from the fourth quarter of 2022. • GAAP gross margin of 64.9%, compared to GAAP gross margin of 62.4% in the third quarter of 2023 and 60.3% in the fourth quarter of 2022. • Non-GAAP gross margin of 65.4%, compared to non-GAAP gross margin of 63.1% in the third quarter of 2023 and 61.0% in the fourth quarter of 2022. • GAAP net income of $613.6 million, or $1.92 per diluted share, compared to GAAP net income of $427.1 million, or $1.35 per diluted share, in the fourth quarter of 2022. • Non-GAAP net income of $664.3 million, or $2.08 per diluted share, compared to non-GAAP net income of $445.1 million, or $1.41 per diluted share, in the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"$1,540.4 million"},{"label":"Net income","value":"$613.6 million"},{"label":"EPS","value":"$1.92 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}