Loading...
•
Jun 30, 2021
Juniper Networks Q2 2021 Earnings Report
Juniper Networks' Q2 2021 financial results were reported, showing revenue growth and improved profitability.
Key Takeaways
Juniper Networks reported better-than-expected results for Q2 2021, with a second consecutive quarter of double-digit product revenue growth and record product orders. The company's experience-first strategy and investments in customer solutions and sales organization are driving growth and profitability.
Net revenues increased by 8% year-over-year to $1,172.3 million.
GAAP operating margin was 7.3%, while non-GAAP operating margin was 15.8%.
GAAP net income was $62.0 million, resulting in diluted income per share of $0.19.
Non-GAAP net income was $141.0 million, resulting in non-GAAP diluted earnings per share of $0.43.
Juniper Networks
Juniper Networks
Juniper Networks Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Juniper Networks provided its outlook for the three months ending September 30, 2021, expecting revenue to be approximately $1,200 million, plus or minus $50 million, and non-GAAP net income per share to be approximately $0.46, plus or minus $0.05.
Positive Outlook
- Revenue will be approximately $1,200 million, plus or minus $50 million.
- Non-GAAP gross margin will be approximately 59.5%, plus or minus 1.0%.
- Non-GAAP operating expenses will be approximately $520 million, plus or minus $5 million.
- Non-GAAP operating margin will be approximately 16.2% at the mid-point of revenue guidance.
- Non-GAAP net income per share will be approximately $0.46, plus or minus $0.05.
Challenges Ahead
- Non-GAAP gross margin is expected to decline sequentially due to higher costs related to supply constraints and an expected increase in service delivery costs.
- Extended lead times and elevated costs will likely persist for at least the next few quarters due to the ongoing component shortage.
- The outlook assumes that the exchange rate of the U.S. dollar to other currencies will remain relatively stable at current levels.
- There is a worldwide shortage of semiconductors impacting many industries, caused in part by the COVID-19 pandemic.
- The guidance is provided on a non-GAAP basis, except for revenue and share count.
Revenue & Expenses
Visualization of income flow from segment revenue to net income