Infinera Corporation (INFN) Q3 2023 Earnings Call Transcript

Infinera Corporation (NASDAQ:INFN) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET

Company Participants

Amitabh Passi – Head, Investor Relations

David Heard – Chief Executive Officer

Nancy Erba – Chief Financial Officer

Conference Call Participants

Ruben Roy – Stifel

Alex Henderson – Needham

Simon Leopold – Raymond James

Mike Genovese – Rosenblatt Securities

Dave Kang – B. Riley

George Notter – Jefferies

Christian Schwab – Craig-Hallum Capital


Hello, my name is Chris, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Infinera Corp’s Q3 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there’ll be a question-and-answer session. [Operator Instructions]

Thank you. Amitabh Passi, Head of Investor Relations, you may begin.

Amitabh Passi

Thank you, Chris and good afternoon, everyone. Welcome to Infinera’s third quarter of fiscal 2023 conference call. The copy of the press release issued by Infinera today is available on the Investor Relations section of the website. Additionally, this call is being recorded and will be available for replay from our website.

Today’s call will include projections and estimates that constitute forward-looking statements, including, but not limited to, statements related to the accounting and financial matters referenced in the press release, current Form 8-K and notification of late filing that we’ll file today. Our business plans, product development and growth opportunities, including progress against strategic priorities, including with respect to vertical integrations, and its anticipated benefits, trends, competition and customers.

Furthermore, expectations regarding the macroeconomic environment, expectations regarding our inventory levels and industry-wide CapEx dynamics, expectations regarding our subsystems group and its impact on our financial results, expectations regarding potential governmental funding, projected year-over-year drivers of our key financial performance metrics, expectations regarding the future performance, revenue growth, margin expansion, generation of cash flow

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