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Jun 29, 2024
Infinera Q2 2024 Earnings Report
Infinera's second quarter results for 2024 were released, showing revenue, gross margin, and operating margin above the midpoint of the outlook range.
Key Takeaways
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.
GAAP revenue was $342.7 million, compared to $376.2 million in Q2 2023.
GAAP gross margin was 39.6%, compared to 38.0% in Q2 2023.
GAAP operating margin was (8.7)%, compared to (3.8)% in Q2 2023.
GAAP net loss was $(48.3) million, or $(0.21) per diluted share, compared to $(20.3) million, or $(0.09) per diluted share, in Q2 2023.
Infinera
Infinera
Infinera Revenue by Segment
Infinera Revenue by Geographic Location
Revenue by Segment
Product Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue by Geographic Location
Domestic % Revenue
CapyFin.comInternational % Revenue
CapyFin.com Forward Guidance
In light of the proposed transaction with Nokia, and as is customary during the pendency of an acquisition, Infinera will not be providing financial guidance during the pendency of the acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income