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Arista Networks | 10-Q: Q3 2024 Earnings Report

Arista Networks | 10-Q: Q3 2024 Earnings Report

Arista Networks | 10-Q:2024财年三季报
美股SEC公告 ·  11/09 02:38

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Arista Networks delivered robust financial results for Q3 2024, with revenue reaching $1.81 billion, up 20% year-over-year. Net income surged to $747.9 million, or $2.33 per diluted share. Product revenue grew 18.5% to $1.52 billion, while service revenue increased 28.2% to $287.1 million.The company's gross margin improved to 64.2% from 62.4% in Q3 2023, driven by reduced excess inventory charges. Operating expenses rose 10.8% to $376.5 million, reflecting continued investments in R&D and sales expansion. Arista ended the quarter with a strong balance sheet, holding $7.4 billion in cash and investments.Arista's board approved a 4-for-1 stock split, effective December 3, 2024, to make shares more accessible to a broader investor base. The company anticipates continued growth, particularly in cloud and AI-driven networking, while noting potential volatility due to macroeconomic uncertainties and evolving customer demand patterns in the AI market.
Arista Networks delivered robust financial results for Q3 2024, with revenue reaching $1.81 billion, up 20% year-over-year. Net income surged to $747.9 million, or $2.33 per diluted share. Product revenue grew 18.5% to $1.52 billion, while service revenue increased 28.2% to $287.1 million.The company's gross margin improved to 64.2% from 62.4% in Q3 2023, driven by reduced excess inventory charges. Operating expenses rose 10.8% to $376.5 million, reflecting continued investments in R&D and sales expansion. Arista ended the quarter with a strong balance sheet, holding $7.4 billion in cash and investments.Arista's board approved a 4-for-1 stock split, effective December 3, 2024, to make shares more accessible to a broader investor base. The company anticipates continued growth, particularly in cloud and AI-driven networking, while noting potential volatility due to macroeconomic uncertainties and evolving customer demand patterns in the AI market.
Arista Networks公布了2024年第三季度的强劲财务业绩,营业收入达到18.1亿,同比增长20%。净利润激增至74790万,或每股摊薄收益2.33美元。产品收入增长18.5%至15.2亿,而服务收入增加28.2%至28710万。公司的毛利率从2023年第三季度的62.4%提高至64.2%,这得益于减少了过剩库存费用。营业费用增长10.8%至37650万,反映出在研发和销售扩张方面的持续投资。Arista在本季度结束时拥有强劲的资产负债表,持有74亿现金和投资。Arista的董事会批准了4比1的股票拆分,将于2024年12月3日生效,以使股票对更广泛的投资者群体更加可及。公司预计将继续增长,特别是在云和人工智能驱动的网络领域,同时注意到由于宏观经济不确定性和人工智能市场中不断变化的客户需求模式可能带来的波动。
Arista Networks公布了2024年第三季度的强劲财务业绩,营业收入达到18.1亿,同比增长20%。净利润激增至74790万,或每股摊薄收益2.33美元。产品收入增长18.5%至15.2亿,而服务收入增加28.2%至28710万。公司的毛利率从2023年第三季度的62.4%提高至64.2%,这得益于减少了过剩库存费用。营业费用增长10.8%至37650万,反映出在研发和销售扩张方面的持续投资。Arista在本季度结束时拥有强劲的资产负债表,持有74亿现金和投资。Arista的董事会批准了4比1的股票拆分,将于2024年12月3日生效,以使股票对更广泛的投资者群体更加可及。公司预计将继续增长,特别是在云和人工智能驱动的网络领域,同时注意到由于宏观经济不确定性和人工智能市场中不断变化的客户需求模式可能带来的波动。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息