Arista Q2 2021 Earnings Report
Key Takeaways
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.
Revenue increased by 30.8% compared to the second quarter of 2020, reaching $707.3 million.
GAAP gross margin was 64.2%, compared to 63.7% in the second quarter of 2020.
GAAP net income increased to $196.9 million, or $2.47 per diluted share.
Non-GAAP net income reached $216.8 million, or $2.72 per diluted share.
Arista
Arista
Arista Revenue by Segment
Forward Guidance
For the third quarter of 2021, Arista expects revenue between $725 million and $745 million, a non-GAAP gross margin of 63% to 65%, and a non-GAAP operating margin of approximately 37%.
Positive Outlook
- Revenue between $725 million to $745 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