Infinera Earnings Reports

Infinera reported GAAP revenue of $354.4 million for Q3 2024, compared to $392.4 million in Q3 2023. The company's GAAP net loss was $(14.3) million, or $(0.06) per diluted share, compared to a net loss of $(9.4) million, or $(0.04) per diluted share, in Q3 2023. They generated positive cash flow from operations of $44.5 million and ended the quarter with cash, cash equivalents and restricted cash of $115.6 million.

Infinera reported GAAP revenue of $342.7 million, a GAAP gross margin of 39.6%, and a GAAP operating margin of (8.7)%. The GAAP net loss was $(48.3) million, or $(0.21) per diluted share. The company ended the quarter with cash, cash equivalents, and restricted cash at $115.7 million.

Infinera reported preliminary Q1 2024 financial results, with revenue at $306.9 million and a GAAP net loss of $(61.4) million, or $(0.27) per diluted share. The company saw significant customer, RFP, and design-win momentum, but the industry faced challenges as customers held back spending and pushed out projects.