Earnings summaries and quarterly performance for CIENA.
Executive leadership at CIENA.
Gary B. Smith
Detailed
President and Chief Executive Officer
CEO
DM
David M. Rothenstein
Detailed
Senior Vice President, Chief Strategy Officer and Secretary
DD
Dino DiPerna
Detailed
Senior Vice President, Global Research & Development
JM
Jason M. Phipps
Detailed
Senior Vice President, Global Customer Engagement
MD
Marc D. Graff
Detailed
Senior Vice President and Chief Financial Officer
SK
Sheela Kosaraju
Detailed
Senior Vice President, General Counsel and Assistant Secretary
Board of directors at CIENA.
Research analysts who have asked questions during CIENA earnings calls.
RR
Ruben Roy
Stifel Financial Corp.
6 questions for CIEN
Also covers: CDNS, CLS, COHR +13 more
SL
Simon Leopold
Raymond James
6 questions for CIEN
Also covers: AAOI, ANET, ATEN +17 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
5 questions for CIEN
Also covers: AAPL, ANET, APH +32 more
Tal Liani
Bank of America
5 questions for CIEN
Also covers: ANET, CHKP, CRWD +11 more
Amit Daryanani
Evercore
4 questions for CIEN
Also covers: AAPL, AKAM, ANET +22 more
GN
George Notter
Jefferies
4 questions for CIEN
Also covers: AAOI, ADTN, ANET +18 more
Meta Marshall
Morgan Stanley
4 questions for CIEN
Also covers: ANET, AXON, BAND +30 more
Ryan Koontz
Needham & Company, LLC
4 questions for CIEN
Also covers: AAOI, ADTN, ANET +27 more
AM
Atif Malik
Citigroup Inc.
3 questions for CIEN
Also covers: AAPL, ALAB, AMAT +11 more
DV
David Vogt
UBS Group AG
3 questions for CIEN
Also covers: AAPL, ANET, CDW +12 more
AC
Adrienne Colby
Citigroup
2 questions for CIEN
Also covers: CSCO
Tim Long
Barclays
2 questions for CIEN
Also covers: ANET, CLS, DELL +10 more
Tim Savageaux
Northland Capital Markets
2 questions for CIEN
Also covers: AAOI, ADTN, AIRG +16 more
Alyssa Shreves
Barclays
1 question for CIEN
Also covers: AXON, HLIT, MSI
Andrew Spinola
UBS
1 question for CIEN
Also covers: AXON, KEYS, MSI +1 more
JC
Joseph Cardoso
JPMorgan Chase & Co.
1 question for CIEN
Also covers: AXON, CALX, CRDO +9 more
Karl Ackerman
BNP Paribas
1 question for CIEN
Also covers: ANET, AVGO, CLS +15 more
Timothy Long
Barclays
1 question for CIEN
Also covers: ANET, DELL, FFIV +6 more
Recent press releases and 8-K filings for CIEN.
Ciena Reports Strong 2025 Growth Driven by AI and Provides Robust 2026 Outlook
CIEN
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Ciena significantly outperformed its 2025 revenue guidance, delivering 19% growth against an 8%-11% forecast, primarily due to AI-driven demand from cloud providers.
- The company expects continued strong growth, guiding to 23.5% revenue growth at the midpoint for fiscal 2026, supported by a $5 billion backlog at the end of 2025.
- Ciena's optical systems business achieved over 30% market share globally (excluding China) and saw its cloud customer base grow over 50% year over year. Cloud-driven revenues, directly and indirectly, approach 50% of total revenues.
- Key product developments include the ramp of the 800ZR pluggable transceiver in 2026, which is expected to reach corporate average margins, and the upcoming general availability of Nubis products (Linear Redriver, Vesta linear optical engine) in 2026 with material revenue projected for 2027.
- Despite higher input costs and the 800ZR ramp, Ciena guided to a gross margin of 43% +/- 100 basis points for 2026 and plans to keep operating expenses flat year over year while increasing R&D investment.
1 day ago
Ciena Reports Strong 2025 Performance Driven by AI and Cloud, Outlines 2026 Financial Outlook and Strategic Initiatives
CIEN
Revenue Acceleration/Inflection
Guidance Update
New Projects/Investments
- Ciena achieved 19% revenue growth in the past year, significantly exceeding its initial guidance of 8-11%, primarily driven by AI-related demand from cloud providers and hyperscalers.
- The company's optical systems business grew over 20%, contributing to a global optical market share (excluding China) of over 30%. Cloud-related business, including direct data center interconnect (DCI) and indirect MOFN/subsea, now approaches 50% of total revenues.
- Ciena's 400ZR pluggable transceiver business doubled to just under $170 million last year, securing approximately 15% market share. The company anticipates 2026 will be a key inflection point for its 800ZR plug, aiming to achieve corporate average margins.
- For the current year (2026), Ciena has guided gross margins to 43% ± 100 basis points, with a long-term target of mid-40s gross margins. Operating expenses are projected to remain flat year-over-year, while R&D investment is set to increase.
- To address supply chain constraints, particularly for specialized optical components and external laser sources, Ciena plans to double its CapEx intensity this year to boost supply capacity for high-demand products.
1 day ago
Ciena Discusses Strong 2025 Performance and Future Growth Drivers
CIEN
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Ciena significantly outperformed its 2025 growth guidance, delivering 19% revenue growth against an 8-11% forecast, primarily driven by AI-related demand from cloud providers.
- The company achieved over 30% market share in the global optical market (excluding China). Cloud providers, directly and indirectly, now account for nearly 50% of Ciena's revenues.
- Ciena ended the year with $7.8 billion in orders and over $5 billion in backlog. To meet this demand, the company plans to double its CapEx intensity this year to boost supply capacity for key products.
- Gross margin guidance for the current year is 43% plus or minus 100 basis points, facing pressure from 800ZR ramp and input pricing. However, Ciena aims for mid-40s gross margins in the next few years and expects to keep OpEx flat year-over-year despite revenue growth through operational efficiencies and R&D investment.
- Ciena is advancing new solutions like DCOM for data center management and expects material revenue from its Nubis acquisition products by 2027, expanding its presence inside the data center.
1 day ago
Ciena Reports Strong Q4 and Full-Year 2025 Results, Raises Fiscal 2026 Guidance
CIEN
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Ciena reported strong Q4 2025 revenue of $1.35 billion, up 20% year-over-year, and annual revenue of $4.77 billion, up 19% for fiscal year 2025.
- The company provided an updated fiscal year 2026 revenue guidance of $5.7-$6.1 billion, representing approximately 24% annual growth at the midpoint, and expects operating margins to improve to 17%, plus or minus a point.
- Growth is significantly driven by AI-related demand, with "in and around the data center" opportunities growing threefold from 2024 to 2025, and three out of four hyperscalers adopting Ciena's architecture for scale-across training models.
- Ciena ended the year with approximately $5 billion in backlog and generated $665 million in free cash flow for fiscal year 2025, while repurchasing approximately $330 million in shares.
Dec 11, 2025, 1:30 PM
Ciena Reports Record Q4 and FY 2025 Results, Raises FY 2026 Guidance on Strong AI-Driven Demand
CIEN
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Ciena reported record fiscal fourth quarter revenue of $1.35 billion and full year revenue of $4.77 billion for 2025, with Q4 earnings per share (EPS) at $0.91 and full year EPS at $2.64.
- The company provided an updated fiscal 2026 revenue guidance of $5.7-$6.1 billion, representing nearly 24% annual growth at the midpoint, and expects operating margins to improve to 17%, plus or minus a point.
- Growth is driven by accelerating AI-related demand from cloud providers and steady growth from service providers, resulting in record orders of $7.8 billion for the year and a $5 billion backlog.
- Ciena's "in and around the data center" opportunities grew threefold from 2024 to 2025, with pluggable revenue exceeding $168 million in fiscal 2025, and the company is expanding its DCOM business with Meta and other hyperscalers.
- Strategic investments include $140 million in capital expenditures in FY 2025, with an expected increase to $250-$275 million in FY 2026, and the acquisition of Nubis Communications to enhance its interconnects portfolio.
Dec 11, 2025, 1:30 PM
Ciena Reports Record Q4 and Full-Year 2025 Results, Raises Fiscal 2026 Guidance
CIEN
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Ciena reported record fiscal fourth quarter revenue of $1.35 billion and full-year revenue of $4.77 billion for 2025. Q4 earnings per share (EPS) increased 69% year-over-year to $0.91, and full-year EPS rose 45% to $2.64.
- The company achieved record orders of $7.8 billion for the year, resulting in an exit backlog of approximately $5 billion, which supports a large share of fiscal 2026 revenue expectations and provides strong visibility into 2027 and beyond.
- Ciena raised its fiscal 2026 revenue guidance to $5.7-$6.1 billion, representing approximately 24% annual growth at the midpoint, and anticipates operating margins to improve to 17%, plus or minus a point.
- Growth is driven by accelerating demand from cloud providers and steady growth from service providers, particularly fueled by AI ecosystem needs, with new architectural applications like Scale-across and DCOM gaining traction with hyperscalers.
- Ciena plans to repurchase approximately $330 million in shares in fiscal 2026 and increase capital expenditures to $250-$275 million to support expected robust demand.
Dec 11, 2025, 1:30 PM
Ciena Reports Fiscal Fourth Quarter and Full-Year 2025 Financial Results and Provides 2026 Guidance
CIEN
Earnings
Guidance Update
Share Buyback
- Ciena reported fiscal fourth quarter 2025 revenue of $1.35 billion, marking a 20% year-over-year increase, and fiscal year 2025 revenue of $4.77 billion, up 19% year-over-year.
- Adjusted (non-GAAP) net income per diluted share reached $0.91 for fiscal fourth quarter 2025 and $2.64 for fiscal year 2025.
- The company provided guidance for fiscal first quarter 2026 revenue in the range of $1.35 billion to $1.43 billion, and for fiscal year 2026, revenue is projected to be between $5.7 billion and $6.1 billion.
- Ciena repurchased approximately 0.7 million shares for $84.5 million in fiscal fourth quarter 2025 and about 4.0 million shares for $329.7 million during fiscal year 2025.
- The company concluded fiscal Q4 2025 with approximately $1.4 billion in cash and investments and generated $665 million in free cash flow for fiscal year 2025.
Dec 11, 2025, 12:07 PM
Ciena Reports Fiscal Fourth Quarter and Year-End 2025 Financial Results
CIEN
Earnings
Guidance Update
Share Buyback
- Ciena reported fiscal fourth quarter 2025 revenue of $1.35 billion, an increase of 20% year-over-year, and fiscal year 2025 revenue of $4.77 billion, up 19% year-over-year.
- For fiscal fourth quarter 2025, GAAP net income per diluted share was $0.13 and adjusted (non-GAAP) net income per diluted share was $0.91.
- The company provided guidance for fiscal first quarter 2026 revenue in the range of $1.35 billion to $1.43 billion and for fiscal year 2026 revenue between $5.7 billion and $6.1 billion.
- Ciena repurchased approximately 0.7 million shares of common stock for $84.5 million during fiscal fourth quarter 2025 and 4.0 million shares for $329.7 million during fiscal year 2025.
Dec 11, 2025, 12:00 PM
Ciena and Colt Roll Out Enhanced Transatlantic Network
CIEN
New Projects/Investments
Product Launch
- Ciena and Colt Technology Services announced the successful rollout of a new transatlantic and terrestrial terabit network to meet the increasing demand from global content providers for AI content, gaming, and streaming.
- The network leverages Ciena's WaveLogic 6 Extreme (WL6e) transponder, which boosts capacity by 20% per fiber and achieves a 50% reduction in space, power consumption, and carbon emissions compared to prior models.
- This deployment significantly enhances network capabilities, increasing Colt's transatlantic capacity per wave from 450 Gbps to 1.2 Tbps, a 140% improvement over approximately 6,500 km.
- The initiative addresses a critical market need, as AI workloads on transatlantic cables are forecast to surge from 8% of capacity in 2025 to 30% by 2035.
Oct 28, 2025, 9:00 AM
Ciena's Technology Selected for Trans Americas Fiber System's TAM-1 Subsea Cable
CIEN
New Projects/Investments
- Trans Americas Fiber System (TAFS) is deploying Ciena's high-capacity optical technology for its new TAM-1 subsea cable system.
- The TAM-1 cable is designed to connect Central America and the Caribbean directly to the U.S., featuring a total system capacity of over 650 Tbps.
- Ciena's solutions, including GeoMesh Extreme powered by WaveLogic 6 Extreme and the 6500 Reconfigurable Line System, will be utilized.
- The northern route of TAM-1 is projected to be Ready for Service in Q4 2025, with the southern route following in Q1 2026.
Oct 21, 2025, 7:00 AM
Quarterly earnings call transcripts for CIENA.
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