Arista Q3 2021 Earnings Report
Key Takeaways
Arista Networks reported a strong third quarter in 2021, with revenue of $748.7 million, representing a 23.7% increase year-over-year. The company's GAAP net income was $224.3 million, or $2.81 per diluted share, while non-GAAP net income was $236.9 million, or $2.96 per diluted share. The results exceeded expectations across key financial metrics despite a difficult supply environment.
Revenue reached $748.7 million, a 23.7% increase from Q3 2020.
GAAP gross margin was 63.9%, compared to 63.6% in Q3 2020.
GAAP net income was $224.3 million, or $2.81 per diluted share, compared to $168.4 million, or $2.12 per diluted share in Q3 2020.
Arista announced the expansion of its cloud-grade routing solutions for next generation network edge roles.
Arista
Arista
Arista Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, Arista expects revenue between $775 million and $795 million, a non-GAAP gross margin of 63% to 65%, and a non-GAAP operating margin of approximately 37%.
Positive Outlook
- Revenue between $775 million to $795 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