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Inferra AI / Company / CIEN

Ciena

CIEN · Information Technology

Last earnings Sep 3, 2026

Key results

Revenuequarter

$1.67 billion

revenue was $1.67 billion, up 37% year-over-year Fiscal third quarter 2026 adjusted Earnings Per Share (EPS) was $2.11

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

EPSquarter

37%

revenue was $1.67 billion, up 37% year-over-year Fiscal third quarter 2026 adjusted Earnings Per Share (EPS) was $2.11

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Gross marginquarter

45%

Revenue of $1.75B billion plus or minus $50 million Adjusted (non-GAAP) gross margin in the range of 45% plus or minus 50 bps Adjusted (non-GAAP) operating expense in the range of $415 million plus or minus $10 million Adjusted (non-GAAP) operating margin in the range of 20% plus or minus 50 bps Statements relating to

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Conflicting figures recorded for this item — see “Conflicting figures” below.

Operating marginquarter

20%

Revenue of $1.75B billion plus or minus $50 million Adjusted (non-GAAP) gross margin in the range of 45% plus or minus 50 bps Adjusted (non-GAAP) operating expense in the range of $415 million plus or minus $10 million Adjusted (non-GAAP) operating margin in the range of 20% plus or minus 50 bps Statements relating to

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Conflicting figures recorded for this item — see “Conflicting figures” below.

Financial Highlights for the Fiscal Third Quarter 2026 Two customers represented 10%-plus of revenue for a total of 41.7% of revenue.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Scale and reach Recognized leadershipStrategic focus $4.8B FY2025 Revenue 19% YoY growth 9,000+ Employees* Including 4,500+ R&D specialists 80+ Countries* Customers on six continents 1,700+ Customers* Worldwide #1 in Data Center Interconnect Globally** Dell'Oro Group #1 in Total Optical Networking in N.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

APAC revenuequarter

58%

APAC revenue increased 58% YoY, with strength across the region Received a significant direct performance optics module order, expanding Ciena s participation in new hyperscaler technology consumption models Secured a second multi-rail win

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

gross margin: 46.4%, up +450bps YoY Adj.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

operating margin: 22.5%, up +1,180bps YoY Repurchased $172M in Q3; ~$665M returned under the $1B program Completed a $2.9B, 0.0% coupon convertible debt offering, lowering overall interest expense and enhancing financial flexibility Achieving broad-based growth Prioritizing long-term shareholder value Driving the pace of innovation © Ciena Corporation 2026.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

** Denotes % change, or in the case of margin, absolute change GAAP Results Q3 FY 2025 Q2 FY2026 Q3 FY2026 YoY Change** Revenue $1.22B $1.57B $1.67B 37% Gross Margin 41.3% 44.0% 45.4% 410 bps Operating Expense $430M $454M $458M 7% Operating Margin 6.1% 15.1% 18.0% 1,190 bps EBITDA $109M $283M $350M 220% Fully Diluted EPS $0.35 $1.49 $1.83 423% Non-GAAP Results Q3 FY 2025 Q2 FY2026 Q3 FY2026 YoY Change** Revenue $1.22B $1.57B $1.67B 37% Adjusted Gross Margin* 41.9% 44.9% 46.4% 450 bps Adjusted Operating Expense* $380M $398M $400M 5% Adjusted Operating Margin* 10.7% 19.5% 22.5% 1,180 bps Adjusted EBITDA* $158M $342M $411M 160% Adjusted EPS* $0.67 $1.64 $2.11 215% © Ciena Corporation 2026.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

AI analysis

Q3 FY2026 · reported Sep 3, 2026

Based on: Earnings release + Q3 FY2026 deck + parent 8-K + 10-Q — transcript not held

Revenue · Q3 FY2026
$1.67B
EX-99 · Sep 3, 2026
Gross margin · Q3 FY2026
45%
EX-99 · Sep 3, 2026
Operating margin · Q3 FY2026
20%
EX-99 · Sep 3, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Sep 3, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ3 FY2026Prior qtrYear ago
Revenue$1.67 billion——
EPS37%——
Gross margin45%——
Operating margin20%——
APAC revenue58%——

EX-99 · Sep 3, 2026

Guidance · company-stated

Direction: Raised

Revenue

“11, an increase of 215% compared to fiscal third quarter 2025 Providing revenue guidance for fiscal fourth quarter 2026 of $1.”

Revenue$50 million

“75 billion plus or minus $50 million Raising revenue guidance for fiscal year 2026 to $6.”

Midpoint vs latest-quarter revenue-97.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin45%
Operating margin20%

Capital allocation

Operating margin22.5%
Free cash flow100%

Repurchased approximately 0.4 million shares of common stock for an aggregate price of $171.7 million under the $1 billion share repurchase program.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue -97.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Our record fiscal third quarter results reflect Ciena s ability to deliver increasingly profitable growth while positioning for future opportunities, said Marc Graff, Ciena s Chief Financial Officer

Based on: Earnings release + Q3 FY2026 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “11, an increase of 215% compared to fiscal third quarter 2025 Providing revenue guidance for fiscal fourth quarter 2026 of $1.”

Revenue: “75 billion plus or minus $50 million Raising revenue guidance for fiscal year 2026 to $6.”

Revenue — Raised (“increase”)
“11, an increase of 215% compared to fiscal third quarter 2025 Providing revenue guidance for fiscal fourth quarter 2026 of $1.”

Revenue — Raised (“Raising”)
“75 billion plus or minus $50 million Raising revenue guidance for fiscal year 2026 to $6.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Repurchased approximately 0.4 million shares of common stock for an aggregate price of $171.7 million under the $1 billion share repurchase program.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

operating margin: 22.5%, up +1,180bps YoY Repurchased $172M in Q3; ~$665M returned under the $1B program Completed a $2.9B, 0.0% coupon convertible debt offering, lowering overall interest expense and enhancing financial flexibility Achieving broad-based growth Prioritizing long-term shareholder value Driving the pace of innovation © Ciena Corporation 2026.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

Conflicting figures recorded for this item — see “Conflicting figures” below.

Loss on extinguishment of debt - reflects extinguishment expenses related to repayment of Ciena's term loan in connection with Ciena's convertible notes offering during the third quarter of fiscal 2026.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Gain on early termination of swaps - reflects the market value at settlement of Ciena's interest rate swaps designated as cash flow hedges which were terminated in parallel with the repayment of our refinanced 2030 term loan during the third quarter of fiscal 2026.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

12 Q3 FY 2026 comparative operating metrics Q3 FY 2025 Q3 FY 2026 YoY Change* Cash and investments $1.4B $2.8B 100% Cash provided by operations $174M $196M 13% Free cash flow $135M $116M (14)% DSO 88 76 (12) Inventory turns 2.7x 3.5x 0.8x Net debt $204M $431M 111% Gross leverage 2.8x 2.6x (0.2)x * Denotes % change, or in the case of DSO, inventory turns, and gross leverage, absolute change © Ciena Corporation 2026.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

14 Key assumptions underlying our outlook AI infrastructure investment: Cloud providers continue to execute on capital expenditure investment plans on AI infrastructure buildouts at levels consistent with recent public commitments.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

Strategy & priorities

Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as anticipate, believe, could, estimate, expect, intend, may, should, will, and would or similar words.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

This rate may be subject to change in the future, including as a result of changes in tax policy or tax strategy.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

operating margin: 22.5%, up +1,180bps YoY Repurchased $172M in Q3; ~$665M returned under the $1B program Completed a $2.9B, 0.0% coupon convertible debt offering, lowering overall interest expense and enhancing financial flexibility Achieving broad-based growth Prioritizing long-term shareholder value Driving the pace of innovation © Ciena Corporation 2026.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

The sales cycle, contractual obligations, customer requirements, and go-to-market strategies may differ for each of its product categories, resulting in different economic risk profiles for each category.

SEC original ↗Ciena — 10-Q Quarterly report10-QSep 3, 2026

Risks & headwinds

Trade and tariff policy: No material change to current US and international tariff and trade policy affecting our products or our customers purchasing decisions.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

This press release contains certain forward-looking statements that involve risks and uncertainties.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Ciena cannot provide meaningful estimates of the non-recurring charges and credits excluded from these non-GAAP measures due to the forward-looking nature of these estimates and their inherent variability and uncertainty.

SEC original ↗Ciena — Earnings release (8-K exhibit)EX-99Sep 3, 2026

Information in this presentation and related comments of presenters contains certain forward-looking statements that involve risks and uncertainties.

SEC original ↗Ciena — Presentation / slide deck (8-K exhibit)EX-99Sep 3, 2026

Legal Proceedings 40 Item 1A.

SEC original ↗Ciena — 10-Q Quarterly report10-QSep 3, 2026

Conflicting figures

Operating margin

20%

“Revenue of $1.75B billion plus or minus $50 million Adjusted (non-GAAP) gross margin in the range of 45% plus or minus 50 bps Adjusted (non-GAAP) operating expense in the range of $415 million plus or minus $10 million Adjusted (non-GAAP) operating margin in the range of 20% plus or minus 50 bps Statements relating to”

22.5%

“operating margin: 22.5%, up +1,180bps YoY Repurchased $172M in Q3; ~$665M returned under the $1B program Completed a $2.9B, 0.0% coupon convertible debt offering, lowering overall interest expense and enhancing financial flexibility Achieving broad-based growth Prioritizing long-term shareholder value Driving the pace of innovation © Ciena Corporation 2026.”

Documents

Earnings deck slides

1 deck with slide view

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Ciena — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Nokia (NOK)“Our competitors include Nokia, Huawei, Cisco, Hewlett Packard Enterprise, and ZTE.”Cisco (CSCO)“Our competitors include Nokia, Huawei, Cisco, Hewlett Packard Enterprise, and ZTE.”Hewlett Packard Enterprise (HPE)“Our competitors include Nokia, Huawei, Cisco, Hewlett Packard Enterprise, and ZTE.”Marvell Technology (MRVL)“In addition, as we advance our interconnects and market expansion strategy to address needs inside and around the data center, we will begin to compete with additional competitors, including Marvell Technology Group, Credo Technology Group, and Broadcom.”Credo Technology (CRDO)“In addition, as we advance our interconnects and market expansion strategy to address needs inside and around the data center, we will begin to compete with additional competitors, including Marvell Technology Group, Credo Technology Group, and Broadcom.”Broadcom (AVGO)“In addition, as we advance our interconnects and market expansion strategy to address needs inside and around the data center, we will begin to compete with additional competitors, including Marvell Technology Group, Credo Technology Group, and Broadcom.”Amdocs Ltd (DOX)“Competitors for our Blue Planet Automation Software include Cisco, Nokia, Amdocs, ServiceNow, Netcracker, and Ericsson.”ServiceNow (NOW)“Competitors for our Blue Planet Automation Software include Cisco, Nokia, Amdocs, ServiceNow, Netcracker, and Ericsson.”Ericsson (ERIC)“Competitors for our Blue Planet Automation Software include Cisco, Nokia, Amdocs, ServiceNow, Netcracker, and Ericsson.”People Inc (PPLI)“People and Culture We believe that our industry and innovation leadership is driven by people.”

Filings

83 documents

Earnings releases

37 documents

Presentations

18 documents

Transcripts

0 documents

No transcripts for Ciena are held in this edition of the library.

Mentioned by

13 companies

Other tracked companies whose held documents mention Ciena by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.