Infinera(INFN) - 2023 Q1 - Earnings Call Presentation

Financial Performance - Q1 2023 revenue reached $3921 million, a 16% increase year-over-year[54, 57] - Gross margin was 388%, a 260bps increase year-over-year[54] - Operating expenses (OPEX) were $139 million, a 10% increase year-over-year[54] - Operating margin was 35%, a 450bps increase year-over-year[54] - Diluted earnings per share (EPS) was $002, a $009 increase year-over-year[54] Strategic Investments and Outlook - The company is investing in margin-accretive technologies, with OPEX at $142 million, up 11% year-over-year[3] - Q2 2023 revenue outlook is $375 million, a 5% increase year-over-year[22] - Q2 2023 gross margin outlook is 375% +/- 15%[9] - The company aims to enhance shareholder value through growth and profitability, with earnings per share at ($003), up $002 year-over-year[5] Regional Performance - United States revenue was $237 million, a 39% increase year-over-year[57] - Asia Pacific revenue was $412 million, a 5% increase year-over-year[57]