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Infinera (INFN)
NASDAQ:INFN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.12Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -1.64%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for Infinera. While there were strong strategic wins and cash flow generation, the company faced revenue declines and a challenging operating environment. The design win momentum and strategic positioning for future growth were positive, but near-term financial metrics were under pressure.Company Guidance
In the earnings call for Infinera's Q1 2024 results, the company provided guidance that highlighted both challenges and opportunities. The quarterly revenue was reported at $307 million, a decrease of 22% year-over-year, attributed to slower release of book ship orders and project pushouts. Despite the revenue shortfall, the company maintained a gross margin of 36.6%, within the expected range, and generated $16 million in free cash flow. Infinera ended the quarter with $192 million in cash and no debt drawn against its over $200 million asset-based lending facility. For Q2 2024, the company anticipates revenue of $330 million, plus or minus $20 million, and a gross margin of 39.5%, plus or minus 150 basis points. The company expects revenue for the full year 2024 to decline by 1% to 5% compared to 2023, with an anticipated recovery and year-over-year growth in the second half of the year. Additionally, Infinera outlined strategic wins with potential multiyear values, including a subsea deal worth $100 million to $200 million and several other deals with hyperscalers and service providers, setting a strong foundation for growth into 2025.Strong Strategic Deal Momentum
In the first quarter, Infinera won new network decisions potentially representing over $1 billion in cumulative multiyear value across strategic accounts.
Free Cash Flow Generation
Infinera reported healthy cash flow generation with $16 million in free cash flow for Q1, following $58 million in free cash flow in Q4 2023.
Major Hyperscaler Wins
Infinera secured several significant wins with hyperscalers, including a GX ICE7-based subsea deal worth $100-200 million over 3 years and a GX open line system worth $200-300 million over 3 years.
Launch of Intra-Data Center Solutions
Infinera launched intra-data center solutions leveraging their U.S.-based optical semiconductor fab, potentially reducing power per bit by 75% for AI applications.
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INFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INFN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.71 | $6.70 | -0.15% |
| Aug 02, 2024 | $5.88 | $5.76 | -2.04% |
| May 14, 2024 | $5.80 | $5.35 | -7.76% |
| Mar 06, 2024 | $5.51 | $4.86 | -11.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Infinera (INFN) report earnings?
Infinera (INFN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Infinera (INFN) earnings time?
Infinera (INFN) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INFN EPS forecast?
INFN EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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