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Dec 31, 2022

Arista Q4 2022 Earnings Report

Arista reported record performance exceeding expectations in growth, revenue and profitability.

Key Takeaways

Arista Networks reported Q4 2022 revenue of $1,275.6 million, a 54.7% increase from Q4 2021. GAAP net income was $427.1 million, or $1.35 per diluted share, compared to $239.3 million, or $0.75 per diluted share, in Q4 2021. Non-GAAP net income was $445.1 million, or $1.41 per diluted share, compared to $262.4 million, or $0.82 per diluted share, in Q4 2021.

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Total Revenue
$1.28B
Previous year: $824M
+54.8%
EPS
$1.41
Previous year: $0.82
+72.0%
GAAP Gross Margin
60.3%
Previous year: 63.4%
-4.9%
Gross Profit
$769M
Previous year: $523M
+47.0%
Cash and Equivalents
$672M
Previous year: $621M
+8.2%
Total Assets
$6.78B
Previous year: $5.73B
+18.2%

Arista

Arista

Arista Revenue by Segment

Forward Guidance

For the first quarter of 2023, we expect: Revenue between $1,275 million to $1,325 million; Non-GAAP gross margin of approximately 60%; and Non-GAAP operating margin of approximately 40%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income