Infinera Corporation

Good day. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Infinera first quarter 2023 earnings conference 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. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star one. Thank you. Amitabh Pasi, Head of Investor Relations, you may begin your conference.

Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference.

Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may begin your conference. Amitabh Pasi, Head of Investor Relations, you may including but not limited to statements related to our future 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 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 second quarter of 2023. These statements are subject to risks and uncertainties that could cause infinite results that differ materially from management's current expectations. Actual results may differ materially as a result of various risk factors including those set forth in an 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 Infronero 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 references to non-GAAP financial measures, except for revenue, balance sheet items, and cash flow from operations, which are discussed on a GAAP basis. 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'll allow for plenty of time for Q&A today, but we ask that you limit yourselves to one question and one follow-up, please. And I'll turn the call over to our Chief Executive Officer, David Hurd. David?