Arista Q3 2020 Earnings Report
Key Takeaways
Arista Networks reported Q3 2020 revenue of $605.4 million, a decrease of 7.5% from Q3 2019. GAAP net income was $168.4 million, or $2.12 per diluted share, compared to $208.9 million, or $2.59 per diluted share in Q3 2019.
Revenue of $605.4 million, an increase of 12.0% compared to the second quarter of 2020, and a decrease of 7.5% from the third quarter of 2019.
GAAP gross margin of 63.6%, compared to GAAP gross margin of 63.7% in the second quarter of 2020 and 63.8% in the third quarter of 2019.
GAAP net income of $168.4 million, or $2.12 per diluted share, compared to GAAP net income of $208.9 million, or $2.59 per diluted share in the third quarter of 2019.
Arista Networks acquired Awake Security, a Network Detection and Response (NDR) platform provider.
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Arista Revenue by Segment
Forward Guidance
For the fourth quarter of 2020, Arista Networks expects revenue between $615 million to $635 million; Non-GAAP gross margin of 63% to 65%; and Non-GAAP operating margin of approximately 37%.
Positive Outlook
- Revenue between $615 million to $635 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