---
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"
generated_at: "2026-06-02T01:54:52.941005+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Infinera reports Q4 GAAP net income $12.9M; FY revenue up 2.6% YoY to $1.61B

## Summary
- 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%.

## SEC filing metadata
- accession: 0001138639-24-000093
- form_type: 8-K
- cik: 0001138639
- company_name: Infinera Corp
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001138639-24-000093
- JSON: https://secwatch.observer/filing/0001138639-24-000093.json
- Plain text: https://secwatch.observer/filing/0001138639-24-000093.txt

## Key facts
- Earnings Releases
  Infinera Corp reported Fiscal year ended December 30, 2023 results: net income 53.4 million, EPS 0.23.
  - Period: Fiscal year ended December 30, 2023
  - Net income: 53.4 million
  - EPS: 0.23
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm
- Earnings Releases
  Infinera Corp reported Fiscal year ended December 30, 2023 results: net income 53.4 million, EPS 0.23.
  - Period: Fiscal year ended December 30, 2023
  - Net income: 53.4 million
  - EPS: 0.23
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm
- Earnings Releases
  Infinera Corp reported Fourth quarter ended December 30, 2023 results: net income 28.6 million, EPS 0.12.
  - Period: Fourth quarter ended December 30, 2023
  - Net income: 28.6 million
  - EPS: 0.12
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm
- Earnings Releases
  Infinera Corp reported Fourth quarter ended December 30, 2023 results: net income 28.6 million, EPS 0.12.
  - Period: Fourth quarter ended December 30, 2023
  - Net income: 28.6 million
  - EPS: 0.12
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.