Arista Networks delivered strong Q3 2024 financial results with revenue reaching $1.81B, up 20% YoY and 7.1% QoQ. The company achieved a GAAP net income of $747.9M ($2.33 per diluted share) and non-GAAP net income of $769.1M ($2.40 per diluted share). Gross margin remained robust at 64.2% GAAP and 64.6% non-GAAP.The company announced a four-for-one forward stock split to be effective December 3, 2024, aiming to make shares more accessible to a broader investor base. Trading on a split-adjusted basis is expected to commence on December 4, 2024.Looking ahead, Arista provided Q4 2024 guidance with revenue projected between $1.85B to $1.90B, non-GAAP gross margin of 63-64%, and non-GAAP operating margin of approximately 44%. The company continues to strengthen its position in AI networking and data center solutions through strategic partnerships and product innovations.

Arista Networks delivered strong Q3 2024 financial results with revenue reaching $1.81B, up 20% YoY and 7.1% QoQ. The company achieved a GAAP net income of $747.9M ($2.33 per diluted share) and non-GAAP net income of $769.1M ($2.40 per diluted share). Gross margin remained robust at 64.2% GAAP and 64.6% non-GAAP.The company announced a four-for-one forward stock split to be effective December 3, 2024, aiming to make shares more accessible to a broader investor base. Trading on a split-adjusted basis is expected to commence on December 4, 2024.Looking ahead, Arista provided Q4 2024 guidance with revenue projected between $1.85B to $1.90B, non-GAAP gross margin of 63-64%, and non-GAAP operating margin of approximately 44%. The company continues to strengthen its position in AI networking and data center solutions through strategic partnerships and product innovations.