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Mar 31, 2022
Juniper Networks Q1 2022 Earnings Report
Juniper Networks reported preliminary financial results for Q1 2022.
Key Takeaways
Juniper Networks' Q1 2022 revenue increased by 9% year-over-year, with GAAP operating margin increasing from 2.6% in Q1 2021. The company's CEO, Rami Rahim, cited strong business momentum and double-digit order growth.
Net revenues were $1,168.2 million, an increase of 9% year-over-year.
GAAP operating margin was 5.0%, an increase from 2.6% in the first quarter of 2021.
GAAP net income was $55.7 million, an increase from the loss reported in the first quarter of 2021.
Non-GAAP net income per share was $0.31.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Juniper Networks provided guidance for the quarter ending June 30, 2022, expecting revenue of approximately $1,255 million, plus or minus $50 million, and non-GAAP net income per share of approximately $0.45, plus or minus $0.05.
Positive Outlook
- Revenue will be approximately $1,255 million, plus or minus $50 million.
- Non-GAAP gross margin will be approximately 58.0%, plus or minus 1.0%.
- Non-GAAP operating expenses will be approximately $535 million, plus or minus $5 million.
- Non-GAAP operating margin will be approximately 15.4% at the mid-point of revenue guidance.
- Non-GAAP net income per share will be approximately $0.45, plus or minus $0.05.
Challenges Ahead
- There is a worldwide shortage of semiconductors and other components impacting many industries, caused in part by the COVID-19 pandemic.
- Experiencing ongoing supply chain challenges, which have resulted in extended lead times, as well as elevated logistics and component costs.
- Extended lead times and elevated costs will likely persist for at least the remainder of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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