Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Arista Networks, Inc. reported first quarter ended March 31, 2024 results: revenue $1.571 billion, net income $637.7 million, EPS $1.99 per diluted share. Guidance initiated.
- Period
- first quarter ended March 31, 2024
- Revenue
- $1.571 billion
- Net income
- $637.7 million
- EPS
- $1.99 per diluted share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Revenue of $1.571 billion, an increase of 2.0% compared to the fourth quarter of 2023, and an increase of 16.3% from the first quarter of 2023. • GAAP gross margin of 63.7%, compared to GAAP gross margin of 64.9% in the fourth quarter of 2023 and 59.5% in the first quarter of 2023. • Non-GAAP gross margin of 64.2%, compared to non-GAAP gross margin of 65.4% in the fourth quarter of 2023 and 60.3% in the first quarter of 2023. • GAAP net income of $637.7 million, or $1.99 per diluted share, compared to GAAP net income of $436.5 million, or $1.38 per diluted share in the first quarter of 2023. • Non-GAAP net income of $637.7 million, or $1.99 per diluted share, compared to non-GAAP net income of $452.5 million, or $1.43 per diluted share in the first quarter of 2023.
View on SEC.gov