{"schema_version":"secwatch.filing_event.v1","accession":"0001138639-24-000093","form_type":"8-K","ticker":null,"cik":"0001138639","company_name":"Infinera Corp","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.428427+00:00","generated_at":"2026-06-02T01:54:52.941005+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Infinera reports Q4 GAAP net income $12.9M; FY revenue up 2.6% YoY to $1.61B","bullets":["Q4 GAAP revenue $453.5M, down 7% YoY from $485.9M; diluted EPS $0.06 vs $0.14 in Q4 2022.","Q4 Non-GAAP net income $28.6M ($0.12 diluted EPS) vs $40.3M ($0.16) in prior-year quarter.","FY 2023 GAAP revenue $1,614.1M (+2.6% YoY); GAAP net loss narrowed to $(25.2M) from $(76.0M) in 2022.","FY Non-GAAP net income $53.4M ($0.23 diluted EPS) vs $26.1M ($0.12) in 2022, doubling YoY.","GAAP gross margin improved to 38.6% in Q4 from 37.1% a year earlier; non-GAAP gross margin 39.6%."],"urls":{"canonical":"https://secwatch.observer/filing/0001138639-24-000093","json":"https://secwatch.observer/filing/0001138639-24-000093.json","markdown":"https://secwatch.observer/filing/0001138639-24-000093.md","text":"https://secwatch.observer/filing/0001138639-24-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/infn-20240513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:54:52.941005+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8cbd004668dec10b2026e4c62e70372890d70f09","claim":"Infinera Corp reported Fiscal year ended December 30, 2023 results: net income 53.4 million, EPS 0.23.","evidence_excerpt":"GAAP revenue for the year was $1,614.1 million compared to $1,573.2 million in 2022. GAAP gross margin for the year was 38.6% compared to 34.1% in 2022. GAAP operating margin for the year was (0.3)% compared to (3.8)% in 2022. GAAP net loss for the year was $(25.2) million, or $(0.11) per diluted share, compared to $(76.0) million, or $(0.35) per diluted share, in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal year ended December 30, 2023"},{"label":"Net income","value":"53.4 million"},{"label":"EPS","value":"0.23"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8cbd004668dec10b2026e4c62e70372890d70f09","claim":"Infinera Corp reported Fiscal year ended December 30, 2023 results: net income 53.4 million, EPS 0.23.","evidence_excerpt":"Non-GAAP net income for the year was $53.4 million, or $0.23 per diluted share, compared to $26.1 million, or $0.12 per diluted share, in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal year ended December 30, 2023"},{"label":"Net income","value":"53.4 million"},{"label":"EPS","value":"0.23"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e30d71691d65380f2ab1e27b5c07c353bff09694","claim":"Infinera Corp reported Fourth quarter ended December 30, 2023 results: net income 28.6 million, EPS 0.12.","evidence_excerpt":"GAAP revenue for the quarter was $453.5 million compared to $392.4 million in the third quarter of 2023 and $485.9 million in the fourth quarter of 2022. GAAP gross margin for the quarter was 38.6% compared to 40.3% in the third quarter of 2023 and 37.1% in the fourth quarter of 2022. GAAP operating margin for the quarter was 2.5% compared to 2.0% in the third quarter of 2023 and 5.2% in the fourth quarter of 2022. GAAP net income for the quarter was $12.9 million, or $0.06 per diluted share, compared to net loss of $(9.4) million, or $(0.04) per diluted share, in the third quarter of 2023, and net income of $33.5 million, or $0.14 per diluted share, in the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth quarter ended December 30, 2023"},{"label":"Net income","value":"28.6 million"},{"label":"EPS","value":"0.12"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e30d71691d65380f2ab1e27b5c07c353bff09694","claim":"Infinera Corp reported Fourth quarter ended December 30, 2023 results: net income 28.6 million, EPS 0.12.","evidence_excerpt":"Non-GAAP net income for the quarter was $28.6 million, or $0.12 per diluted share, compared to $19.9 million, or $0.08 per diluted share, in the third quarter of 2023, and $40.3 million, or $0.16 per diluted share, in the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth quarter ended December 30, 2023"},{"label":"Net income","value":"28.6 million"},{"label":"EPS","value":"0.12"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}