Infinera Corporation (NASDAQ:INFN) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET
Company Participants
David Heard - Chief Executive Officer
Nancy Erba - Chief Financial Officer
Amitabh Passi - Head of Investor Relations
Conference Call Participants
Mike Genovese - Rosenblatt Securities
Alex Henderson - Needham and Company
Simon Leopold - Raymond James
Meta Marshall - Morgan Stanley
George Notter - Jefferies
Operator
Good day! My name is Rob and I will be your conference operator today. At this time I would like to welcome to the Infinera First Quarter 2023 Earnings Conference Call. 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, Rob and good afternoon. Welcome to Infinera's first 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; expectations regarding industry wide supply chain challenges, and the macroeconomic environment, market adoption of coherent optical engines; expectations regarding the launch of our subsystems business and its impact on our financial results.
Expectations regarding obtaining government funding, projected year-over-year drives 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 second 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, 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.