Arista Networks Inc.
- Arista Networks Inc. jumped 12.6% to $132.99 after the computer networking company reported a 30% increase in net income in the June quarter.
Revenue increased to $2.2 billion from $1.7 billion, net income jumped to $888.8 billion from $665.4 million, and diluted earnings per share rose to 70 cents from 52 cents a year ago.
For the six-month period, revenue advanced to $4.2 billion from $3.2 billion, net income soared to $1.7 billion from $1.3 billion, and diluted earnings per share edged higher to $1.34 from $1.02 a year ago.
During the second quarter, the company repurchased $983 million of its common stock during the quarter as part of its stock repurchase program.
The company guided net sales in the next quarter to approximately $2.25 billion compared to $2.2 billion a quarter earlier, respectively.
The company expects to deliver a non-GAAP gross margin of approximately 64% and a non-GAAP operating margin of approximately 47% for the third quarter.
Chantelle Breithaupt, Arista’s CFO, said, "Non-GAAP operating income crossed $1 billion for the first time at Arista, highlighting the strength of our business model and the momentum of customer demand across our portfolio.
Our ability to scale efficiently while maintaining financial discipline continues to deliver value for our shareholders."
Aug 6, 2025
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