Ciena Corporation (CIEN) Financials
Key financial figures for Ciena Corporation (Q3 2026).
Ciena's fiscal Q3 2026 revenue rose 37% year-over-year to $1.67 billion, with GAAP diluted EPS of $1.83 and adjusted EPS of $2.11, as the company raised its full-year FY2026 revenue guidance to $6.42 billion. Revenue of $1.67 billion, up 37% year-over-year from $1.22 billion in Q3 FY2025, driven by continued AI-related network capacity demand. GAAP diluted EPS of $1.83 versus $0.35 a year ago; adjusted (non-GAAP) diluted EPS of $2.11, up 215% year-over-year. GAAP operating margin expanded to 18.0% from 6.1%; adjusted operating margin expanded to 22.5% from 10.7%, reflecting operating leverage on higher volumes. Optical Networking remained the largest segment at $1.19 billion (71.3% of revenue), up from $815.5 million a year ago; Routing and Switching grew to $164.4 million from $125.9 million. On the outlook: Ciena guided fiscal fourth quarter 2026 revenue to $1.75 billion plus or minus $50 million, adjusted gross margin of about 45% plus or minus 50 basis points, adjusted operating expense of about $415 million plus or minus $10 million, and adjusted operating margin of about 20% plus or minus 50 basis points. Management also raised full-year FY2026 revenue guidance to $6.42 billion plus or minus $50 million, roughly 35% growth year-over-year at the midpoint. Figures are for Q3 FY2026, as Ciena Corporation reported them.
- Revenue
- $1.7B
- Net Income
- $266M
- EPS
- $1.88
- Total Assets
- $8.0B
- Operating Cash Flow
- $196M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.7B | $266M | $1.83 | 18.02% | $116M |
| Q2 FY2026 | $1.6B | $218M | $1.49 | 15.14% | $219M |
| Q1 FY2026 | $1.4B | $150M | $1.03 | 13.4% | $154M |
| Q4 FY2025 | $1.4B | $19M | $0.13 | 8.76% | $230M |
| Q3 FY2025 | $1.2B | $50M | $0.35 | 6.18% |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.8B | $123M | $0.85 | 6.52% | $665M |
| FY2024 | $4.0B | $84M | $0.58 | 4.76% | $378M |
| FY2023 | $4.4B | $255M | $1.71 | 8.77% | $62M |
Frequently asked questions
What was Ciena Corporation's revenue last quarter?
Ciena Corporation reported revenue of $1.67 billion for Q3 FY2026, up 37.0% from the same period a year earlier.
Is Ciena Corporation profitable?
Yes. Ciena Corporation reported net income of $266.4 million for Q3 FY2026, a net margin of 15.94% on revenue.
How has Ciena Corporation's margin trended?
Operating margin was 18.02% in Q3 FY2026, compared with 6.18% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Ciena Corporation generate?
Ciena Corporation generated free cash flow of $116.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Ciena Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.