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Sep 28, 2024
Infinera Q3 2024 Earnings Report
Infinera's financial metrics showed continued sequential improvements, driven by key design wins and strong customer interest in their product offerings.
Key Takeaways
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.
GAAP revenue was $354.4 million, compared to $392.4 million in the third quarter of 2023.
GAAP gross margin was 39.8%, compared to 40.3% in the third quarter of 2023.
GAAP operating margin was (3.1)%, compared to 2.0% in the third quarter of 2023.
Non-GAAP operating margin was 3.5% compared to 7.7% in the third quarter of 2023.
Revenue by Segment
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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