Executive Summary
In Q3 2024, Arista Networks Inc reported a remarkable year-over-year revenue increase of 19.97%, amounting to $1.81 billion, alongside a quarter-over-quarter growth of 7.13%. The gross profit margin improved to 64.15%, underscoring efficient cost management and robust demand for its cloud networking solutions. Net income surged to $747.94 million, reflecting a 37.15% increase year-over-year, supported by strategic investments in R&D and operational excellence designed to enhance product offerings. Management expressed optimism regarding future growth, driven by increasing market share in a rapidly evolving technology landscape, setting the stage for continued strong performance in upcoming quarters.
Key Performance Indicators
Revenue
1.81B
QoQ: 7.13% | YoY:19.97%
Gross Profit
1.16B
64.15% margin
QoQ: 5.88% | YoY:23.27%
Operating Income
785.25M
QoQ: 12.25% | YoY:30.29%
Net Income
747.94M
QoQ: 12.40% | YoY:37.15%
EPS
0.60
QoQ: 13.21% | YoY:36.36%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $1.81 billion (YoY: +19.97%, QoQ: +7.13%)
- **Gross Profit:** $1.16 billion (YoY: +23.27%, QoQ: +5.88%)
- **Operating Income:** $785.25 million (YoY: +30.29%, QoQ: +12.25%)
- **Net Income:** $747.94 million (YoY: +37.15%, QoQ: +12.40%)
- **EPS:** $0.60 (YoY: +36.36%, QoQ: +13.21%)