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ARISTA Arista Networks , Inc. Reports Third Quarter 2021 Financial Results 11/1/2021 SANTA CLARA , Calif .-- ( BUSINESS WIRE ) -- Arista Networks , Inc. ( NYSE : ANET ) , an industry leader in data - driven , client to cloud networkingfor large data center , campus and routing environments , today announced financial results for its third quarter ended September 30 , 2021 . Third Quarter Financial Highlights Revenue of $ 748.7 million , an increase of 5.8 % compared to the second quarter of 2021 , and an increase of 23.7 % from the third quarter of 2020 . GAAP gross margin of 63.9 % , compared to GAAP gross margin of 64.2 % in the second quarter of 2021 and 63.6 % in the third quarter of 2020 . • Non - GAAP gross margin of 64.9 % , compared to non - GAAP gross margin of 65.2 % in the second quarter of 2021 and 64.6 % in the third quarter of 2020 . GAAP net income of $ 224.3 million , or $ 2.81 per diluted share , compared to GAAP net income of $ 168.4 million , or $ 2.12 per diluted share in the third quarter of 2020 . • Non - GAAP net income of $ 236.9 million , or $ 2.96 per diluted share , compared to non - GAAP net income of $ 192.0 million , or $ 2.42 per diluted share in the third quarter of 2020 . ● ● ● " We are experiencing strong demand for our pioneering client to cloud networking portfolio across all of our customer sectors . Despite a challenging supply chain environment , I am pleased with our delivery of another record quarter of Arista's financial results in Q3 2021 , " stated Jayshree Ullal , Arista's President and CEO . Commenting on the company's financial results , Ita Brennan , Arista's CFO said , " The business continued to perform well in the quarter , exceeding on all key financial metrics , while the team navigates a difficult supply environment . " Third Quarter Company Highlights ● Arista Extends Cloud - Grade Routing to the Network Edge - Arista announced the expansion of its cloud 1