Infinera(US:INFN)2021-11-04 17:56Q3 2021 Financial Performance - Revenue reached $356.8 million, a 4.6% year-over-year increase compared to $341.2 million in Q3 2020[6] - Gross margin was 38%, a 280 bps increase year-over-year from 35.2% in Q3 2020[6] - Operating margin was 2.4%, a 20 bps increase year-over-year from 2.2% in Q3 2020[6] - Cash flow from operations was negative $13 million, impacted by inventory build-up to navigate supply chain challenges[4] Q4 2021 Outlook (Non-GAAP) - Revenue is projected to be $385 million, plus or minus $15 million, representing an 8.6% year-over-year increase[12] - Gross margin is expected to be 37%, plus or minus 150 bps, a 60 bps decrease year-over-year[12] - Operating expenses are forecasted at $131 million, plus or minus $2 million, a 19% year-over-year increase[12] - Operating margin is anticipated to be 3%, plus or minus 200 bps, a 360 bps decrease year-over-year[12] Regional and Vertical Performance (Q3 2021) - Revenue from the United States was $163.6 million, representing 46% of total revenue[7] - Revenue from Europe, Middle East, and Africa (EMEA) was $114.8 million, accounting for 32% of total revenue, a 22% increase compared to Q2 2021[7] - Revenue from Asia Pacific (APAC) was $48.5 million, making up 14% of total revenue, a 24% increase compared to Q2 2021[7] - Revenue from Internet Content Providers (ICPs) was $69.9 million, comprising 20% of total revenue, a 43% increase compared to Q2 2021[7]