Arista Q3 2023 Earnings Report
Key Takeaways
Arista Networks reported strong financial results for the third quarter of 2023, with revenue of $1.509 billion, a 28.3% increase year-over-year. GAAP net income was $545.3 million, or $1.72 per diluted share, while non-GAAP net income was $581.4 million, or $1.83 per diluted share.
Revenue reached $1.509 billion, up 28.3% from Q3 2022.
GAAP gross margin was 62.4%, compared to 60.3% in Q3 2022.
GAAP net income was $545.3 million, or $1.72 per diluted share.
Non-GAAP net income was $581.4 million, or $1.83 per diluted share.
Arista
Arista
Arista Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, Arista expects revenue between $1.500 billion and $1.550 billion, a non-GAAP gross margin of approximately 63%, and a non-GAAP operating margin of approximately 42%.
Positive Outlook
- Revenue between $1.500 billion to $1.550 billion
- Non-GAAP gross margin of approximately 63%
- Non-GAAP operating margin of approximately 42%
Revenue & Expenses
Visualization of income flow from segment revenue to net income