Arista Networks, Inc. (NYSE:ANET) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET
Company Participants
Liz Stine - Director of IR
Jayshree Ullal - Chairperson and CEO
Chantelle Breithaupt - CFO
Ken Duda - CTO
Anshul Sadana - COO
Conference Call Participants
Samik Chatterjee - JPMorgan
George Notter - Jefferies
Ben Reitzes - Melius Research
Amit Daryanani - Evercore ISI
Antoine Chkaiban - New Street Research
James Fish - Piper Sandler
Victor Chui - Raymond James
Meta Marshall - Morgan Stanley
Ben Bollin - Cleveland Research Company
Michael Ng - Goldman Sachs
Matthew Niknam - Deutsche Bank
Sebastian Naji - William Blair
Aaron Rakers - Wells Fargo
Karl Ackerman - BNP Paribas
David Vogt - UBS
Operator
Ladies and gentlemen, welcome to the First Quarter 2024 Arista Networks Financial Results Earnings Conference Call. During the call, all participants will be in a listen-only mode. After the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time. [Operator Instructions] As a reminder, this conference is being recorded and will be available for replay from the Investor Relations section at the Arista website, following this call. Ms. Liz Stine, Arista's Director of Investor Relations, you may begin.
Liz Stine
Thank you, operator. Good afternoon, everyone, and thank you for joining us. With me on today's call are Jayshree Ullal, Arista Networks' Chairperson and Chief Executive Officer and Chantelle Breithaupt, Arista's Chief Financial Officer. This afternoon, Arista Networks issued a press release announcing the results for its fiscal first quarter ending March 31st, 2024. If you'd like a copy of this release, you can access it online from our website.
During the course of this conference call, Arista Networks' management will make forward-looking statements, including those relating to our financial outlook for the second quarter of the 2024 fiscal year, longer-term financial outlooks for 2024 and beyond, our total addressable market and strategy for addressing these market opportunities, including AI, customer demand trends, supply chain constraints, component costs, manufacturing output, inventory management and inflationary pressures on our business, lead times, product innovation, working capital optimization and the benefits of acquisitions, which are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically in our most recent Form 10-Q and Form 10-K and which could cause actual results to differ materially from those anticipated by these statements. These forward-looking statements apply as of today, and you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. Also, please note that certain financial measures we use on this call are expressed on a non-GAAP basis and have been adjusted to exclude certain charges. We have provided reconciliations of these non-GAAP financial measures to GAAP financial measures in our earnings press release.