Arista Q1 2022 Earnings Report
Key Takeaways
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.
Revenue of $877.1 million, an increase of 31.4% from the first quarter of 2021.
GAAP gross margin of 63.1%, compared to 63.7% in the first quarter of 2021.
GAAP net income of $272.3 million, or $0.85 per diluted share, compared to $180.4 million, or $0.57 per diluted share in the first quarter of 2021.
Non-GAAP net income of $268.5 million, or $0.84 per diluted share, compared to $198.8 million, or $0.62 per diluted share in the first quarter of 2021.
Arista
Arista
Arista Revenue by Segment
Forward Guidance
For the second quarter of 2022, Arista expects revenue between $950 million to $1 billion, a non-GAAP gross margin of 60% to 62%, and a non-GAAP operating margin of approximately 37% to 38%.
Positive Outlook
- Revenue between $950 million to $1 billion
- Non-GAAP gross margin of 60% to 62%
- Non-GAAP operating margin of approximately 37% to 38%
Revenue & Expenses
Visualization of income flow from segment revenue to net income