secwatch.observer — SEC 8-K summary
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Issuer:     Infinera Corp (—)
CIK:        0001138639
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001138639-24-000093
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/0001138639-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138639/000113863924000093/infn-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001138639-24-000093

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