Infinera Corporation (NASDAQ:INFN) Q2 2023 Earnings Call August 9, 2023 5:00 PM ET
Company Participants
Amitabh Passi - Head of Investor Relations
David W. Heard - Chief Executive Officer
Nancy L. Erba - Chief Financial Officer
Conference Call Participants
Simon Leopold - Raymond James
Meta Marshall - Morgan Stanley
Alex Henderson - Needham
Christian Schwab - Craig-Hallum
Mike Genovese - Rosenblatt Securities
Samik Chatterjee - JP Morgan
George Notter – Jefferies
Operator
Good afternoon. My name is David, and I will be your conference operator today. At this time I would like to welcome everyone to the Infinera Corp Q2 ‘23 Earnings Call. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions] Thank you.
Amitabh Passi, Head of Investor Relations, you may begin your conference.
Amitabh Passi
Thank you, David, and good afternoon. Welcome to Infinera's second quarter of fiscal 2023 conference call. A copy of today's earnings and investor slides are 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 our further business plans, product development and growth opportunities, including progress against strategic priorities and milestones, trends, competition and customers; capacity growth; excess inventory held by customers beyond normalized levels; expectations regarding industry-wide supply chain dynamics, and the macroeconomic environment, market adoption of coherent optical engines; expectations regarding our Subsystems business and its impact on our financial results; expectations regarding obtaining government funding, projected year-over-year drivers of demand, revenue, gross margin, operating expenses and operating margin; expectations regarding our future performance, revenue growth and margin expansion and our financial outlook for the third quarter of 2023.
These statements are subject to risks and uncertainties that could cause Infinera's results to differ materially from management's current expectations. Actual results may differ materially as a result of various risk factors, including those set forth in our Annual Report on Form 10-K for the year ended on December 31, 2022, as filed with the SEC on February 27, 2023, and in our Quarterly Report on Form 10-Q for the quarter ended April 1, 2023 as filed with the SEC on May 4, 2023 as well as subsequent reports filed with or furnished to the SEC from time-to-time. Please be reminded that all statements are made as of today and Infinera undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this call.