🔹 Adj EPS: $0.65 (Est. $0.57) 🟢; UP +25% YoY
🔹 Revenue: $1.930B (Est. $1.904B) 🟢; UP +25.3% YoY
🔹 Non-GAAP Gross Margin: 64.2% (Est. 63.76%) 🟢; DOWN -1.2pp YoY
Q1'25 Guidance:
🔹 Revenue: $1.93B-$1.97B (Est. $1.907B) 🟢
🔹 Non-GAAP Gross Margin: ~63% (Est. 62.51%) 🟢
🔹 Non-GAAP Operating Margin: ~44% (Est. 43.40% as EBIT Margin) 🟢
Q4'24 Segment Performance:
🔹 Product Revenue: Focused on AI and campus networking platforms
🔹 Service Revenue: Supporting enterprise and cloud customers
Q4'24 Key Metrics:
🔹 Operating Cash Flow: UP +95% YoY
🔹 Non-GAAP Net Income: $830.1M; UP +25% YoY
Strategic Updates:
🔹 Meta deployed Arista 7700R4 for Ethernet-based AI cluster.
🔹 Completed four-for-one stock split on December 3, 2024; trading split-adjusted from December 4, 2024.
🔹 Introduced Switch Aggregation Group (SWAG™) and CloudVision® Leaf Spine Stack for campus networks.
Management Commentary:
🔸 "2024 was a remarkable year of momentum resulting in a record $7 billion in revenue. I am so proud of the team's execution in delivering the ultimate combination of superior growth and profitability," said Jayshree Ullal, Chairperson and CEO.
🔸 "We delivered exceptional financial performance in Q4, exceeding our guidance on all key metrics. These results generated over 95% year-over-year growth in operating cash flow for the quarter," said Chantelle Breithaupt, CFO.