Arista Networks, Inc. (ANET) Citi’s 2023 Global Technology Conference Transcript

Arista Networks, Inc. (NYSE:ANET) Citi’s 2023 Global Technology Conference September 7, 2023 1:00 PM ET

Company Participants

Ita Brennan – CFO

Conference Call Participants

Atif Malik – Citi

Atif Malik

Good afternoon everyone. Welcome to day-two of Citi Global Technology Conference. My name is Atif Malik. I cover U.S. semiconductors, semiconductor equipment and communication equipment starts here at Citi. It’s my pleasure to welcome Ita Brennan, CFO Arista Networks. We also have Liz Stine, Director of IR in the audience. Welcome Ita.

Ita Brennan

Thank you so much. Thanks for having us.

Atif Malik

I’m going to start with my questions first and then I’ll take a break and ask you guys if you have any questions and if you have a question please raise your hand and we’ll get the mic to you. Ita we were talking about the A word before the fireside chat, so I’m just going to get straight to that. What is the AI opportunity for Arista and how meaningful of a revenue contributor is it today versus two to three years ago from now?

Ita Brennan

Yes, I think, look, there’s been some industry analysts who’ve tried to size this market in terms of just the Ethernet switching piece. You know, you’ve had kind of a $2 billion to $3 billion number being tossed around. But in reality, I don’t think anybody has a proper sizing of the market yet and that’s just going to take some time. Certainly in terms of the products that we sell and the products that we will sell, it’s not going to be completely obvious what use cases they are being deployed in. So again, we’ll have to track that somewhat off system to get some kind of sizing on that market. But today we’re selling those products into various different use cases.

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