earnings
confidence high
sentiment positive
materiality 0.70
Arista Q2 revenue $1.69B (+16% YoY), EPS $2.08; guides Q3 $1.72-1.75B
Arista Networks, Inc.
2024-Q2 EPS reported
$4.07
revenue$3,261,774,000
- Revenue $1.690B, up 15.9% YoY; GAAP diluted EPS $2.08 vs $1.55 a year ago.
- Non-GAAP gross margin 65.4% (vs 61.3% YoY); GAAP gross margin 64.9%.
- Q3 guidance: revenue $1.72-1.75B, non-GAAP gross margin 63-64%, op. margin ~44%.
- Non-GAAP net income $672.6M, EPS $2.10; CFO cites 33% EPS increase YoY.
- Launched Etherlink AI platforms and updated Arista MSS for zero-trust networking.