---
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"
generated_at: "2026-06-06T04:19:41.661944+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arista Networks Q4 revenue $1.54B (+20.8% YoY), non-GAAP EPS $2.08; appoints new CFO

## Summary
- 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%.

## SEC filing metadata
- 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
- 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/1596532/000159653224000041/0001596532-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/anet-20240212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596532-24-000041
- JSON: https://secwatch.observer/filing/0001596532-24-000041.json
- Plain text: https://secwatch.observer/filing/0001596532-24-000041.txt

## Key facts
- Earnings Releases
  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.
  - Period: year ended December 31, 2023
  - Revenue: $5,860.2 million
  - Net income: $2,087.3 million
  - EPS: $6.58 per diluted share
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm
- Earnings Releases
  Arista Networks, Inc. reported quarter ending March 31, 2024 results: revenue $1.52 billion to $1.56 billion. Guidance initiated.
  - Period: quarter ending March 31, 2024
  - Revenue: $1.52 billion to $1.56 billion
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm
- Earnings Releases
  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.
  - Period: quarter ended December 31, 2023
  - Revenue: $1,540.4 million
  - Net income: $613.6 million
  - EPS: $1.92 per diluted share
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1596532/000159653224000041/0001596532-24-000041-index.htm

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