Arista Earnings Reports

Arista Networks delivered strong financial performance in Q4 2024, exceeding guidance with a 25.3% YoY revenue increase and solid profitability. Growth was driven by continued demand in AI networking and enterprise expansion.

Arista Networks reported a strong third quarter with revenue of $1.811 billion, a 20.0% increase year-over-year. GAAP net income was $747.9 million, or $2.33 per diluted share, compared to $545.3 million, or $1.72 per diluted share in the third quarter of 2023.

Arista Networks reported a strong second quarter in 2024, with revenue reaching $1.690 billion, a 15.9% increase from the second quarter of 2023. The company's GAAP net income was $665.4 million, or $2.08 per diluted share, compared to $491.9 million, or $1.55 per diluted share, in the same quarter last year.

Arista Networks reported a revenue of $1.571 billion for Q1 2024, representing a 16.3% increase year-over-year. The company's GAAP net income was $637.7 million, or $1.99 per diluted share. The Board of Directors authorized an additional $1.2B stock repurchase program.

Arista Networks reported Q4 2023 revenue of $1.54 billion, a 20.8% increase year-over-year. GAAP net income was $613.6 million, or $1.92 per diluted share, compared to $427.1 million, or $1.35 per diluted share, in Q4 2022. Non-GAAP net income was $664.3 million, or $2.08 per diluted share, compared to $445.1 million, or $1.41 per diluted share, in the fourth quarter of 2022.

Arista Networks reported strong financial results for the third quarter of 2023, with revenue of $1.509 billion, a 28.3% increase year-over-year. GAAP net income was $545.3 million, or $1.72 per diluted share, while non-GAAP net income was $581.4 million, or $1.83 per diluted share.

Arista Networks reported record revenue of $1.459 billion for Q2 2023, representing a 38.7% increase year-over-year. The company's GAAP net income was $491.9 million, or $1.55 per diluted share, compared to $299.1 million, or $0.94 per diluted share, in the second quarter of 2022.

Arista Networks reported a strong first quarter in 2023, with revenue reaching $1.351 billion, a 54.1% increase year-over-year. The company's GAAP net income was $436.5 million, or $1.38 per diluted share, while non-GAAP net income was $452.5 million, or $1.43 per diluted share.

Arista Networks reported Q4 2022 revenue of $1,275.6 million, a 54.7% increase from Q4 2021. GAAP net income was $427.1 million, or $1.35 per diluted share, compared to $239.3 million, or $0.75 per diluted share, in Q4 2021. Non-GAAP net income was $445.1 million, or $1.41 per diluted share, compared to $262.4 million, or $0.82 per diluted share, in Q4 2021.

Arista Networks reported strong Q3 2022 financial results, with revenue of $1.177 billion, a 57.2% increase year-over-year. The company's GAAP net income was $354.0 million, or $1.13 per diluted share, while non-GAAP net income was $391.9 million, or $1.25 per diluted share.

Arista Networks reported a record revenue of $1.052 billion for Q2 2022, a 48.7% increase year-over-year, with a GAAP net income of $299.1 million, or $0.94 per diluted share, despite supply chain challenges.

Arista Networks reported a strong first quarter in 2022, with revenue of $877.1 million, a 31.4% increase from Q1 2021. The company's enterprise business continued to grow, and there was robust next-generation product qualification and deployment activity with cloud customers.

Arista Networks reported a strong fourth quarter and full year 2021, with revenue increasing by 27.1% compared to the fourth quarter of 2020. The company's GAAP net income also increased from $183.0 million to $239.3 million.

Arista Networks reported a strong third quarter in 2021, with revenue of $748.7 million, representing a 23.7% increase year-over-year. The company's GAAP net income was $224.3 million, or $2.81 per diluted share, while non-GAAP net income was $236.9 million, or $2.96 per diluted share. The results exceeded expectations across key financial metrics despite a difficult supply environment.

Arista Networks reported a strong second quarter with revenue of $707.3 million, a 30.8% increase year-over-year. GAAP net income was $196.9 million, or $2.47 per diluted share, while non-GAAP net income was $216.8 million, or $2.72 per diluted share.

Arista Networks reported a strong first quarter in 2021, with revenue of $667.6 million, a 27.6% increase from Q1 2020. The company's focus on cognitive cloud networking solutions drove healthy demand across all market and product sectors.

Arista Networks reported Q4 2020 revenue of $648.5 million, a 17.4% increase from Q4 2019. GAAP net income was $183.0 million, or $2.31 per diluted share, while non-GAAP net income was $197.7 million, or $2.49 per diluted share.

Arista Networks reported Q3 2020 revenue of $605.4 million, a decrease of 7.5% from Q3 2019. GAAP net income was $168.4 million, or $2.12 per diluted share, compared to $208.9 million, or $2.59 per diluted share in Q3 2019.