secwatch.observer — SEC 8-K summary
======================================

Issuer:     Infinera Corp (—)
CIK:        0001138639
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001138639-24-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Infinera Q1 preliminary revenue $306.9M, GAAP net loss $(0.27)/share; sharp decline from prior quarters
--------------------------------------------------------------------------------

- GAAP revenue $306.9M, down 32.3% QoQ from $453.5M in Q4 2023; GAAP gross margin 36.0%.
- GAAP net loss $(61.4)M ($(0.27)/diluted share) vs net income of $12.9M ($0.06) in Q4 2023.
- Non-GAAP net loss $(38.3)M ($(0.17)/diluted share) vs non-GAAP net income of $28.6M ($0.12) in Q4 2023.
- GAAP operating margin (14.0)% vs 2.5% in Q4 2023; generated $24.0M operating cash flow and $16.0M free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138639/000113863924000097/0001138639-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138639/000113863924000097/infn-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001138639-24-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer