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

Infinera (NASDAQ: INFN) reported Q2 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $331.6 million versus the consensus estimate of $318.4 million.

GUIDANCE:

Infinera sees Q3 2020 revenue of $334 million, versus the consensus of $331.5 million.

• GAAP revenue is expected to be $334 million +/- $10 million. Non-GAAP revenue is expected to be $335 million +/- $10 million.
• GAAP gross margin is expected to be 30.5% +/- 150 bps. Non-GAAP gross margin is expected to be 34% +/- 150 bps.
• GAAP operating expenses are expected to be $137 million +/- $1.5 million. Non-GAAP operating expenses are expected to be $116.5 million +/- $1.5 million.
• GAAP operating margin is expected to be (11.0)% +/- 200 bps. Non-GAAP operating margin is expected to be (1.0)% +/- 200 bps.
• For earnings history and earnings-related data on Infinera (INFN) click here.

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