{"schema_version":"secwatch.filing_event.v1","accession":"0001596532-24-000171","form_type":"8-K","ticker":"ANET","cik":"0001596532","company_name":"Arista Networks, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.144494+00:00","generated_at":"2026-06-02T18:31:50.967720+00:00","sec_items":["2.02","9.01","8.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Arista Q1 revenue $1.571B (+16% YoY); EPS $1.99; board approves $1.2B buyback","bullets":["Revenue $1.571B, up 16.3% YoY; GAAP net income $637.7M ($1.99 diluted EPS).","Non-GAAP net income $637.7M ($1.99 EPS) vs $452.5M ($1.43) YoY.","Q2 guidance: revenue $1.62-$1.65B, non-GAAP gross margin ~64%, op margin ~44%.","Board authorized $1.2B stock repurchase program; $2B already completed."],"urls":{"canonical":"https://secwatch.observer/filing/0001596532-24-000171","json":"https://secwatch.observer/filing/0001596532-24-000171.json","markdown":"https://secwatch.observer/filing/0001596532-24-000171.md","text":"https://secwatch.observer/filing/0001596532-24-000171.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000171/0001596532-24-000171-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000171/anet-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T18:31:50.967720+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":"c690c9f0c7d30d7e5b6001e484343333cb505159","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1596532/000159653224000171/0001596532-24-000171-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.571 billion"},{"label":"Net income","value":"$637.7 million"},{"label":"EPS","value":"$1.99 per diluted share"},{"label":"Guidance","value":"initiated"},{"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"}