🔹 Revenue: $2.21B (Est. $2.10B) 🟢; UP +30.4% YoY
🔹 Adj. EPS: $0.73 (Est. $0.65) 🟢
Q3 Guidance:
🔹 Revenue: ~$2.00B (Est. $2.12B) 🔴
Other Metrics:
🔹 Non-GAAP Net Income: $923.5M
🔹 Non-GAAP Gross Margin: 65.6%
🔹 Non-GAAP Operating Income: >$1B milestone
Commentary:
🔸 “Our customers are decisively standardizing on our best-of-breed platform to bring transformational innovation.”
🔸 “Non-GAAP operating income crossed $1B for the first time, showing strong demand and disciplined scale.”
Strategic & Company Updates:
🔸 Acquired VeloCloud SD-WAN from Broadcom to strengthen global WAN and complement CloudEOS stack
🔸 Introduced AI-driven switching, Wi-Fi 7, and WAN capabilities for enterprise networking
🔸 Recognized as a “Visionary” in Gartner Magic Quadrant for Wired & Wireless LAN
🔸 Expanded "Make in India" initiative for domestic manufacturing of data center switches and Wi-Fi 7 APs
🔸 Appointed Todd Nightingale (ex-Fastly CEO, ex-Cisco EVP) as President & COO