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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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