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Mar 31, 2021
Arista Q1 2021 Earnings Report
Arista's cognitive cloud networking suite resonated with customers, driving a strong start to 2021.
Key Takeaways
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.
Revenue increased by 27.6% year-over-year to $667.6 million.
GAAP gross margin was 63.7%.
GAAP net income reached $180.4 million, or $2.27 per diluted share.
Successful interoperability testing between multiple 400G ZR suppliers over Microsoft’s 120km open line system testbed.
Arista
Arista
Arista Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
For the second quarter of 2021, Arista expects revenue between $675 million and $695 million, a non-GAAP gross margin of 63% to 65%, and a non-GAAP operating margin of approximately 37%.
Positive Outlook
- Revenue between $675 million to $695 million
- Non-GAAP gross margin of 63% to 65%
- Non-GAAP operating margin of approximately 37%
Revenue & Expenses
Visualization of income flow from segment revenue to net income