Arista Networks Full Year 2024 Earnings: EPS Beats Expectations

Arista Networks (NYSE:ANET) Full Year 2024 Results

Key Financial Results

• Revenue: US$7.00b (up 20% from FY 2023).
• Net income: US$2.85b (up 37% from FY 2023).
• Profit margin: 41% (up from 36% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.27 (up from US$1.69 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arista Networks EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$5.66b (81% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$996.7m (61% of total expenses). Explore how ANET's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Arista Networks that you need to be mindful of.

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