When did Arista Networks report Q2 2024 earnings?

Arista Networks (ANET) reported Q2 2024 earnings on July 29, 2024 after market close.

What were Arista Networks's Q2 2024 revenue and EPS?

Arista Networks reported revenue of $1.7B and diluted EPS of $2.10 for Q2 2024.

Did Arista Networks beat estimates in Q2 2024?

Revenue beat the consensus estimate of $1.7B by $34.9M. EPS beat the consensus estimate of $1.95 by $0.15.

Where can I find Arista Networks's Q2 2024 SEC filings?

You can read the 10-Q periodic report (0001596532-24-000279) directly on SEC EDGAR. The filing index links above go to sec.gov.

Arista Networks ANET Q2 2024 earnings

Reported July 29, 2024 · After market close

Revenue$1.7BBeat by $34.9M Diluted EPS$2.10Beat by $0.15

Revenue estimate$1.7B

EPS estimate$1.95

Next report

Aug 4, 2026 (in a month)

Revenue estimate$2.8B

EPS estimate$0.89

Financials

Q2 2024

Income statement

See full

Revenue$1.7B+15.9%

Gross profit$1.1B+24.1%

Operating income$699.6M+32.0%

Net income$665.4M+35.3%

EPS (diluted)$0.52-66.5%

Balance sheet

See full

Cash & equivalents$2.4B+92.4%

Total equity$8.4B+43.9%

Total assets$11.6B+42.0%

Cash flow

See full

Operating cash flow$989.0M+128%

CapEx$3.2M-72.4%

Free cash flow$985.8M+133%

Valuation & ratios

Q2 2024

Valuation

See full

Market cap$109.83B+120%

P/E44.6×+15.4×

P/S17.4×+7.9×

Profitability

See full

Gross margin64%+3.8pp

Operating margin41.2%+5.1pp

Net margin39%+6.5pp

Returns & leverage

See full

Return on equity34.5%-0.2pp

Current ratio4.6×+0.4×

Segments

By geography

See full

Americas$1.4B+19.0%

Europe, Middle East and Africa$178.8M+6.7%

Asia-Pacific$137.4M+0.4%

By product

See full

Service$267.1M+35.3%

Versus estimates

Revenue

Q1 2026$2.7BBeat by $92.2M Q4 2025$2.5BBeat by $102.6M Q3 2025$2.3BBeat by $43.8M Q2 2025$2.2BBeat by $97.6M Q1 2025$2.0BBeat by $37.4M Q4 2024$1.9BBeat by $27.6M

Diluted EPS

Q1 2026$0.87Beat by $0.06 Q4 2025$0.82Beat by $0.06 Q3 2025$0.75Beat by $0.03 Q2 2025$0.73Beat by $0.08 Q1 2025$0.65Beat by $0.06 Q4 2024$0.65Beat by $0.08

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Questions, answered.

When did Arista Networks report Q2 2024 earnings?: Arista Networks (ANET) reported Q2 2024 earnings on July 29, 2024 after market close.
What were Arista Networks's Q2 2024 revenue and EPS?: Arista Networks reported revenue of $1.7B and diluted EPS of $2.10 for Q2 2024.
Did Arista Networks beat estimates in Q2 2024?: Revenue beat the consensus estimate of $1.7B by $34.9M. EPS beat the consensus estimate of $1.95 by $0.15.
Where can I find Arista Networks's Q2 2024 SEC filings?: You can read the 10-Q periodic report (0001596532-24-000279) directly on SEC EDGAR. The filing index links above go to sec.gov.