Arista Networks Inc
0HHR.L
$146.81 3.31%
Exchange: LSE | Sector: Technology | Industry: Computer Hardware
Q3 2024
Published: Nov 8, 2024

Earnings Highlights

  • Revenue of $1.81B up 20% year-over-year
  • EPS of $0.58 increased by 36.4% from previous year
  • Gross margin of 64.2%
  • Net income of 747.94M
  • ""Our commitment to R&D not only drives our product lines forward but positions us to capture emerging demands in the cloud networking space"" - Management

Arista Networks Inc (0HHR.L) Q3 2024 Financial Results: Strong Revenue Growth and Profitability Metrics

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%)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,204.80 0.70 +30.4% View
Q1 2025 2,004.80 0.64 +27.6% View
Q4 2024 1,930.44 0.62 +25.3% View
Q3 2024 1,810.94 0.58 +20.0% View
Q2 2024 1,690.40 0.52 +15.9% View