Arista Q2 2022 Earnings Report
Key Takeaways
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.
Revenue reached $1.052 billion, up 48.7% year-over-year.
GAAP gross margin was 61.2%, compared to 64.2% in Q2 2021.
GAAP net income was $299.1 million, or $0.94 per diluted share, compared to $196.9 million, or $0.62 per diluted share in Q2 2021.
Arista acquired Pluribus Networks to enhance cloud fabrics.
Arista
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Arista Revenue by Segment
Forward Guidance
For the third quarter of 2022, Arista expects revenue between $1.025 billion and $1.075 billion, a non-GAAP gross margin of 60% to 62%, and a non-GAAP operating margin of approximately 39%.
Positive Outlook
- Revenue between $1.025 billion to $1.075 billion
- Non-GAAP gross margin of 60% to 62%
- Non-GAAP operating margin of approximately 39%
Revenue & Expenses
Visualization of income flow from segment revenue to net income