Infinera Corporation Reports Second Quarter 2024 Financial Results
INFNInfinera(INFN) GlobeNewswire News Room·2024-08-03 04:03

SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024. GAAP revenue for the quarter was 342.7millioncomparedto342.7 million compared to 306.9 million in the first quarter of 2024 and $376.2 million in the second quarter of 2023. GAAP gross margin for the quarter was 39.6% compared to 36.0% in the first quarter of 2024 and 38.0% in the second quarter of 2023. GAAP operating margin for the quarter was (8.7)% compared to ...