Here’s the release and some highlights:
https://investors.arista.com/Communications/Press-Releases-a…
Third Quarter Financial Highlights
- Revenue of $563.3 million, an increase of 8.4% compared to the second quarter of 2018, and an increase of 28.7% from the third quarter of 2017.
- GAAP gross margin of 64.2%, compared to GAAP gross margin of 64.2% in the second quarter of 2018 and 64.1% in the third quarter of 2017.
- Non-GAAP gross margin of 64.6%, compared to non-GAAP gross margin of 64.5% in the second quarter of 2018 and 64.4% in the third quarter of 2017.
- GAAP net income of $168.5 million, or $2.08 per diluted share, compared to GAAP net income of $133.7 million, or $1.68 per diluted share, in the third quarter of 2017.
- Non-GAAP net income of $171.3 million, or $2.11 per diluted share, compared to non-GAAP net income of $128.2 million, or $1.62 per diluted share, in the third quarter of 2017.
And guidance:
For the fourth quarter of 2018, we expect:
- Revenue between $582 and $594 million
- Non-GAAP gross margin between 63% to 65%, and
- Non-GAAP operating margin of approximately 35%
After hours the stock is up 10-11%.