We remain constructive on the stock and see Arista as a core winner in AI networking with durable growth prospects underpinned by the company’s best-in-class Ethernet products. Key takeaways from the quarter include: the Year. Fourth-quarter revenue was up 29% to $2.49 billion, with continued strength across cloud titans and specialty cloud providers for AI-related solutions. International growth was strong, growing 71% from the year-ago quarter (to 21% of sales). Arista reported non-GAAP gross margins of 63.4% and non- GAAP operating margins of 47.5%—both modestly ahead of Street expectations. $0.82 (up 27% year-over-year) outpaced consensus by 6 cents, benefiting from a one-time tax reserve release.