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Dec 31, 2021

Arista Q4 2021 Earnings Report

Arista reported an increase in revenue and net income for Q4 2021.

Key Takeaways

Arista Networks reported a strong fourth quarter and full year 2021, with revenue increasing by 27.1% compared to the fourth quarter of 2020. The company's GAAP net income also increased from $183.0 million to $239.3 million.

Revenue reached $824.5 million, a 27.1% increase from Q4 2020.

GAAP gross margin was 63.4%.

GAAP net income was $239.3 million, or $0.75 per diluted share.

Non-GAAP net income was $262.4 million, or $0.82 per diluted share.

Total Revenue
$824M
Previous year: $648M
+27.1%
EPS
$0.82
Previous year: $0.62
+32.3%
GAAP Gross Margin
63.4%
Previous year: 63.9%
-0.8%
Non-GAAP Operating Margin
39.3%
Previous year: 37.6%
+4.5%
Gross Profit
$523M
Previous year: $415M
+26.1%
Cash and Equivalents
$621M
Previous year: $893M
-30.5%
Total Assets
$5.73B
Previous year: $4.74B
+21.0%

Arista

Arista

Arista Revenue by Segment

Forward Guidance

For the first quarter of 2022, Arista expects revenue between $840 million to $860 million, non-GAAP gross margin of 63% to 64%, and non-GAAP operating margin of approximately 38%.

Positive Outlook

  • Revenue between $840 million to $860 million
  • Non-GAAP gross margin of 63% to 64%
  • Non-GAAP operating margin of approximately 38%

Revenue & Expenses

Visualization of income flow from segment revenue to net income