The company said it recorded revenue of $1.811 billion for Q3 2024 (ended September 30), up 7.1% from the previous quarter and 20.0% from Q3 2023. GAAP net income was $747.9 million, or $2.33 per diluted share.

1. 01

   The company said it recorded revenue of $1.811 billion for Q3 2024 (ended September 30), up 7.1% from the previous quarter and 20.0% from Q3 2023. GAAP net income was $747.9 million, or $2.33 per diluted share.

2. 02

   The company reported GAAP gross margin of 64.2% for Q3 2024 and non-GAAP gross margin of 64.6%. For Q3 2023, the figures were 62.4% and 63.1%, respectively, and for Q2 2024 they were 64.9% and 65.4%.

3. 03

   Arista Networks said its board approved a four-for-one forward stock split. Shareholders of record as of the effective time of the amendment on December 3, 2024 will receive an additional 3 shares for each share held, and trading is expected to begin on a split-adjusted basis before the market opens on December 4.

4. 04

   The company outlined its outlook for revenue of $1.85 billion to $1.90 billion for Q4 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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