earnings
confidence high
sentiment positive
materiality 0.85
ANET Q3 rev $1.81B (+20% YoY), GAAP EPS $2.33, non-GAAP $2.40; board approves 4-for-1 split
Arista Networks, Inc.
2024-Q3 EPS reported
$6.41
revenue$5,072,710,000
- Q3 revenue $1.811B (+20% YoY, +7.1% QoQ); non-GAAP gross margin 64.6% (vs 63.1% YoY).
- GAAP EPS $2.33, non-GAAP EPS $2.40; vs $1.72 and $1.83 respectively in Q3 2023.
- Q4 guidance: revenue $1.85–1.90B, non-GAAP gross margin 63–64%, operating margin ~44%.
- Board approves 4-for-1 forward stock split; record date Dec 3, split-adjusted trading starts Dec 4.