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AI English summary of an SEC filing — figures as filed

Arista Networks logoArista Networks ANET

Arista Networks said revenue for Q1 2025 ended March 31 was $2.005 billion, up 3.9% from Q4 2024 and up 27.6% from Q1 2024.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. Arista Networks said revenue for Q1 2025 ended March 31 was $2.005 billion, up 3.9% from Q4 2024 and up 27.6% from Q1 2024.

  2. The company reported GAAP net income for Q1 2025 of $813.8 million, or $0.64 per diluted share, compared to $637.7 million, or $0.50 per diluted share, in Q1 2024. GAAP gross margin was 63.7% in Q1 2024.

  3. The company said it repurchased $787M of common stock in Q1 2025, the highest level of repurchases in Arista's history on a quarterly or annual basis. The board authorized a $1.5 billion stock repurchase program on May 2, 2025, and the company said the program does not obligate it to acquire any shares.

  4. For Q2 2025, Arista provided guidance for revenue of approximately $2.1 billion, non-GAAP gross margin of approximately 63%, and non-GAAP operating margin of approximately 46%.

Summary

AI-written

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.

Q1 2025 Revenue $2.005 billion

Arista Networks said revenue for Q1 2025 ended March 31 was $2.005 billion, up 3.9% from Q4 2024 and up 27.6% from Q1 2024.

Source · Based on the filing body and exhibits

Q1 GAAP Net Income $813.8 million

The company reported GAAP net income for Q1 2025 of $813.8 million, or $0.64 per diluted share, compared to $637.7 million, or $0.50 per diluted share, in Q1 2024. GAAP gross margin was 63.7% in Q1 2024.

Source · Based on the filing body and exhibits

Stock Repurchase of $787M; $1.5 billion Program Authorized

The company said it repurchased $787M of common stock in Q1 2025, the highest level of repurchases in Arista's history on a quarterly or annual basis. The board authorized a $1.5 billion stock repurchase program on May 2, 2025, and the company said the program does not obligate it to acquire any shares.

Source · Based on the filing body and exhibits

Q2 2025 Guidance

For Q2 2025, Arista provided guidance for revenue of approximately $2.1 billion, non-GAAP gross margin of approximately 63%, and non-GAAP operating margin of approximately 46%.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.