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Arista Networks (ANET)
NYSE:ANET
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.59Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -6.90%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for Arista Networks, driven by record revenue, strong growth in cloud and AI segments, and leadership in high-speed Ethernet. However, challenges such as the Meta revenue decline, decreased international revenue contribution, and gross margin pressure were noted.Company Guidance
During the fourth quarter of 2024, Arista Networks provided robust financial guidance, projecting a revenue growth of 17% for fiscal year 2025, aiming for approximately $8.2 billion in revenue. The company reported Q4 2024 revenues of $1.93 billion, with a non-GAAP earnings per share of $0.65, and achieved a full-year revenue growth of 19.5%, reaching a record $7 billion. Arista maintained strong non-GAAP gross margins of 64.2% for the quarter, supported by efficient supply chain management. The company highlighted the contribution of its cloud and AI sectors, which accounted for approximately 48% of annual revenue, and its enterprise and financial sectors, contributing around 35%. Additionally, Arista's subscription-based network services and software grew to represent 17% of total revenue, with the network adjacencies market, including routing and campus solutions, contributing approximately 18%. Arista emphasized its commitment to achieving a $750 million goal in AI-related revenue for 2025, driven by its strategic focus on AI and cloud innovations. The company also reiterated its strategic positioning with key global clients, including Microsoft and Meta, and emphasized its leadership in high-performance network switching, particularly in 100, 200, and 400 gigabit Ethernet ports.Record Revenue and Growth
Arista Networks achieved a record revenue of $7 billion for fiscal year 2024, with a nearly 20% year-over-year growth, surpassing the initial guidance of 10% to 12% growth.
Strong Cloud and AI Segment Performance
Cloud and AI titans contributed approximately 48% of total revenue, with significant contributions from Microsoft and Meta at approximately 20% and 14.6%, respectively.
Leadership in High-Speed Ethernet
Arista gained market share in the 100, 200, and 400 gigabit Ethernet switching category, achieving over 40% market share according to industry analysts.
AI Revenue Goals
Arista is optimistic about achieving its AI revenue goal of $1.5 billion in AI centers, including $750 million in AI back-end clusters in 2025.
Network Software and Subscription Services Growth
The network software and subscription services category surpassed $1 billion in revenue for 2024, contributing approximately 17% of total revenue.
Strong Financial Performance
Q4 2024 revenues were $1.93 billion, up 25.3% year-over-year, with a non-GAAP operating margin of 47.5% and a net income for the quarter of $830.1 million.
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ANET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ANET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $111.06 | $103.92 | -6.43% |
| Nov 07, 2024 | $107.76 | $100.11 | -7.10% |
| Jul 30, 2024 | $77.86 | $86.64 | +11.28% |
| May 07, 2024 | $68.50 | $72.92 | +6.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arista Networks (ANET) report earnings?
Arista Networks (ANET) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Arista Networks (ANET) earnings time?
Arista Networks (ANET) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ANET EPS forecast?
ANET EPS forecast for the fiscal quarter 2025 (Q1) is 0.59.
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