Infinera Corporation (NASDAQ:INFN) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET

Company Participants

Amitabh Passi - Head Of Investor Relations

David Heard - Chief Executive Officer

Nancy Erba - Chief Financial Officer

Conference Call Participants

Michael Genovese - Rosenblatt Securities

Alex Henderson - Needham

Meta Marshall - Morgan Stanley

Simon Leopold - Raymond James

Rod Hall - Goldman Sachs

George Notter - Jefferies

Jim Suva - Citigroup

Fahad Najam - Loop Capital

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Infinera Corp. First Quarter 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Amitabh Passi, Head of IR, you may begin your conference.

Amitabh Passi

Thank you, operator, and good afternoon. Welcome to Infinera's First Quarter Fiscal 2022 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 about our business plans, including our product road map, sales, growth, market opportunities, manufacturing operations, products, technology and strategy, statements regarding the impact of industry-wide supply chain challenges and COVID-19 on our business plans and results of operations, as well as statements regarding future financial performance, including our financial outlook for the second quarter of our fiscal year 2022.

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 25, 2021, as filed with the SEC on February 23, 2022, 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. Today’s conference call includes certain non-GAAP financial measures.

Pursuant to Regulation G, we’ve provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings release and investor slides for this quarter, each of which is available on the Investor Relations section of our website. And finally, as a reminder, we will allow for plenty of time for Q&A today. But we ask that you limit yourself to one question and one follow-up, please.