Arista Networks Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance And More

Arista Networks Inc ANET reported fourth-quarter financial results after the market close on Tuesday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: Arista Networks reported fourth-quarter revenue of $1.93 billion, beating analyst estimates of $1.9 billion. The networking equipment company reported fourth-quarter adjusted earnings of 65 cents per share, beating analyst estimates of 57 cents per share, according to Benzinga Pro.

Total revenue was up 25.3% on a year-over-year basis and up 6.6% compared to the prior quarter. Gross margin came in at 63.8% in the quarter.

Arista said operating cash flow increased 95% year-over-year further strengthening the company’s balance sheet. Arista plans to use cash flow to continue investing in strategic initiatives including the AI and Campus markets. The company ended the period with approximately $2.76 billion in cash and cash equivalents.

“2024 was a remarkable year of momentum resulting in a record $7 billion in revenue. I am so proud of the team’s execution in delivering the ultimate combination of superior growth and profitability. We continued to innovate for our customers with best-of-breed platforms enabling AI for networking and networking for AI,” said Jayshree Ullal, chairperson and CEO of Arista Networks.

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Guidance: Arista Networks expects first-quarter revenue in the range of $1.93 billion to $1.97 billion versus estimates of $1.91 billion, according to Benzinga Pro. The company anticipates first-quarter gross margin of approximately 63%.

Arista Networks executives will further discuss the quarter on a conference call set for 4:30 p.m. ET.

ANET Price Action: Arista Networks shares were up 2.65% after hours, trading at $113.98 at the time of publication Tuesday, per Benzinga Pro.

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