The company said revenue for Q2 2024 (ended June 30) was $1.690 billion, up 7.6% from Q1 2024 and up 15.9% from Q2 2023.

1. 01

   The company said revenue for Q2 2024 (ended June 30) was $1.690 billion, up 7.6% from Q1 2024 and up 15.9% from Q2 2023.

2. 02

   Arista said its GAAP gross margin for Q2 2024 was 64.9% (versus Q2 2023 60.6%), and that GAAP net income was $665.4 million, or $2.08 per diluted share (Q2 2023: $491.9 million, or $1.55 per share).

3. 03

   The company reported that net cash provided by operating activities was $1,502,816 thousand for the 6 months ended June 30, 2024, and that it used $234,666 thousand to repurchase common stock over the same period.

4. 04

   The company said it expects revenue of $1.72 billion to $1.75 billion for Q3 2024, non-GAAP gross margin of approximately 63% to 64%, and non-GAAP operating margin of approximately 44%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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