From SiliconANGLE · Mike Wheatley · · 1m
Supermicro and Arista Networks Crush Wall Street Expectations
Supermicro and Arista Networks beat Wall Street expectations with AI infrastructure growth.
In brief
Supermicro and Arista Networks beat Wall Street expectations with AI infrastructure growth. Supermicro and Arista Networks reported strong quarterly earnings, with Supermicro's sales up 298% and Arista's revenue growing 58% year-over-year. Originally reported by SiliconANGLE.
Supermicro and Arista Networks Beat Wall Street
Supermicro and Arista Networks both exceeded Wall Street expectations with strong quarterly results.
Supermicro's 298% Sales Surge
Supermicro reported sales of $19.95 billion, a 298% increase from the previous year.
Supermicro Earnings Beat
Supermicro earned $1.81 per share, surpassing Wall Street's $1.23 target.
Arista's 58% Revenue Growth
Arista delivered $3.66 billion in revenue, up 58% year-over-year.
Arista Earnings Beat
Arista earned $1.20 per share, exceeding Wall Street's $1.08 target.
Supermicro's Strong Gross Margin
Supermicro's gross margin rose to 12.8%, up from 9.3% the previous year.
Arista's Guidance for Growth
Arista expects 59% revenue growth to $3.95 billion in the next quarter.
The big picture
Supermicro and Arista Networks reported strong quarterly earnings, with Supermicro's sales up 298% and Arista's revenue growing 58% year-over-year.
