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NASDAQ:INFN

Infinera Q2 2024 Earnings Report

Infinera logo
$6.64 0.00 (0.00%)
As of 02/28/2025

Infinera EPS Results

Actual EPS
-$0.06
Consensus EPS
-$0.08
Beat/Miss
Beat by +$0.02
One Year Ago EPS
N/A

Infinera Revenue Results

Actual Revenue
$342.70 million
Expected Revenue
$331.71 million
Beat/Miss
Beat by +$10.99 million
YoY Revenue Growth
-8.90%

Infinera Announcement Details

Quarter
Q2 2024
Time
After Market Closes
Conference Call Date
Friday, August 2, 2024
Conference Call Time
4:00PM ET

Infinera Earnings Headlines

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About Infinera

Infinera (NASDAQ:INFN) (NASDAQ: INFN) is a global supplier of networking equipment, software and services for telecommunications service providers, cloud operators, governments and enterprises. Founded in 2000 and headquartered in Sunnyvale, California, the company pioneered the use of photonic integrated circuits (PICs) to enable scalable, coherent optical transmission. Infinera’s solutions portfolio encompasses long-haul, submarine, metro and data center interconnect networks, delivering high-capacity, low-latency connectivity over both private and public fiber infrastructure.

The company’s flagship platforms include the Infinera DTN-X and GX Series for long-haul and submarine applications, the XTM Series for high-capacity metro networks and the ICE Family for data center interconnect. Leveraging its “Infinite Capacity Engine” architecture, Infinera combines PICs with software-driven automation to simplify network design, accelerate service turn-up and reduce total cost of ownership. Complementary network management, orchestration and optimization software further enhance operational agility and support multi-layer, multi-vendor environments.

Infinera serves a diverse customer base across more than 90 countries, with major operations in North America, Europe and the Asia-Pacific region. The company has established R&D centers and sales offices worldwide, enabling close collaboration with carriers, cloud giants and system integrators on customized network deployments. Strategic acquisitions—such as the 2018 purchase of Coriant—have broadened Infinera’s product offerings and strengthened its position in metro and packet-optical domains.

Leadership at Infinera includes President and Chief Executive Officer David Heard, who previously served as Chief Financial Officer and has overseen the company’s transition to a software-centric model. Co-founder and Executive Chairman David R. Welch continues to guide the company’s long-term technology roadmap. With a focus on innovation in silicon photonics, coherent optics and network automation, Infinera aims to address the growing bandwidth demands of next-generation applications such as 5G mobile backhaul, cloud interconnect and high-performance computing.

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