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Jun 30, 2022
Arista Q2 2022 Earnings Report
Achieved first billion-dollar revenue quarter, demonstrating customer value of differentiated cloud networking platforms.
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
Arista
Arista Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com 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