Infinera (INFN) Tops Q2 EPS by 2c

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Infinera Corporation Reports Second Quarter 2021 Financial Results

August 3, 2021 4:03 PM EDT

SAN JOSE, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 26, 2021.

GAAP revenue for the quarter was $338.2 million compared to $330.9 million in the first quarter of 2021 and $331.6 million in the second quarter of 2020.

GAAP gross margin for the quarter was 35.6% compared to 35.4% in the first quarter of 2021 and 29.4% in the second quarter of 2020. GAAP operating margin for the quarter was (6.9)% compared to (7.0)% in the first quarter of 2021 and (13.5)% in the second quarter of 2020.

GAAP net loss for the quarter was $(35.6) million, or $(0.17)... More