Arista Q2 2024 Earnings Report
Key Takeaways
Arista Networks reported a strong second quarter in 2024, with revenue reaching $1.690 billion, a 15.9% increase from the second quarter of 2023. The company's GAAP net income was $665.4 million, or $2.08 per diluted share, compared to $491.9 million, or $1.55 per diluted share, in the same quarter last year.
Revenue reached $1.690 billion, up 15.9% year-over-year.
GAAP gross margin was 64.9%, compared to 60.6% in Q2 2023.
GAAP net income was $665.4 million, or $2.08 per diluted share.
Non-GAAP net income was $672.6 million, or $2.10 per diluted share.
Arista
Arista
Arista Revenue by Segment
Forward Guidance
For the third quarter of 2024, Arista Networks expects revenue between $1.72 billion and $1.75 billion, a non-GAAP gross margin of approximately 63% - 64%, and a non-GAAP operating margin of approximately 44%.
Positive Outlook
- Revenue between $1.72 billion to $1.75 billion
- Non-GAAP gross margin of approximately 63% - 64%
- Non-GAAP operating margin of approximately 44%
Revenue & Expenses
Visualization of income flow from segment revenue to net income