Infinera (INFN) Tops Q2 EPS by 5c, Offers Q3 Guidance

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Infinera Corporation Reports Second Quarter 2020 Financial Results

August 5, 2020 4:03 PM EDT

SUNNYVALE, Calif., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 27, 2020.

GAAP revenue for the quarter was $331.6 million compared to $330.3 million in the first quarter of 2020 and $296.3 million in the second quarter of 2019.

GAAP gross margin for the quarter was 29.4% compared to 23.3% in the first quarter of 2020 and 20.7% in the second quarter of 2019. GAAP operating margin for the quarter was (13.5)% compared to (23.3)% in the first quarter of 2020 and (36.6)% in the second quarter of 2019.

GAAP net loss for the quarter was $(61.6) million,... More