secwatch.observer — SEC 8-K summary
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Issuer:     Arista Networks, Inc. (ANET)
CIK:        0001596532
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001596532-24-000171
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Arista Q1 revenue $1.571B (+16% YoY); EPS $1.99; board approves $1.2B buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596532/000159653224000171/0001596532-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596532/000159653224000171/anet-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001596532-24-000171

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer