CIENA CORPCIENEarnings & Financial Report
Ciena Corporation is an American optical networking systems and software company based in Hanover, Maryland. The company has been described as a vital player in optical connectivity. The company reported revenues of $4.8 billion and more than 9,000 employees, as of November 2025. Gary Smith serves as president and chief executive officer (CEO).
Revenue
$910.8M
Gross Profit
$388.7M
Operating Profit
$-4.0M
Net Profit
$-16.8M
Gross Margin
42.7%
Operating Margin
-0.4%
Net Margin
-1.8%
YoY Growth
-19.6%
EPS
$-0.12
CIENA CORP Q2 FY2024 Financial Summary
CIENA CORP reported revenue of $910.8M (down 19.6% YoY) for Q2 FY2024, with a net profit of $-16.8M (down 129.2% YoY) (-1.8% margin). Cost of goods sold was $522.2M, operating expenses totaled $392.6M.
Key Financial Metrics
| Total Revenue | $910.8M |
|---|---|
| Net Profit | $-16.8M |
| Gross Margin | 42.7% |
| Operating Margin | -0.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
CIENA CORP Q2 FY2024 revenue of $910.8M breaks down across 7 segments, led by Optical Networking at $560.2M (61.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Optical Networking | $560.2M | 61.5% |
| Routing And Switching | $116.0M | 12.7% |
| Platform Softwareand Services Segment | $85.4M | 9.4% |
| Maintenance Support And Training | $77.4M | 8.5% |
| Installation And Deployment | $43.8M | 4.8% |
| Blue Planet Automation Softwareand Services Segment | $14.4M | 1.6% |
| Consulting And Network Design | $13.5M | 1.5% |
CIENA CORP Revenue by Segment — Quarterly Trend
CIENA CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Optical Networking and Routing And Switching) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Optical Networking | $815.5M | $773.6M | $728.0M | $779.6M |
| Routing And Switching | $125.9M | $92.7M | $93.2M | $79.4M |
| Platform Softwareand Services Segment | $90.0M | $85.4M | $95.1M | $99.7M |
| Maintenance Support And Training | $80.7M | $79.4M | $74.6M | $77.2M |
| Installation And Deployment | $65.9M | — | $47.7M | $51.4M |
CIENA CORP Annual Revenue by Year
CIENA CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $4.0B).
| Year | Annual Revenue |
|---|---|
| 2024 | $4.0B |
| 2023 | $4.4B |
| 2022 | $3.6B |
CIENA CORP Quarterly Revenue & Net Profit History
CIENA CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $1.2B | — | $50.3M | 4.1% |
| Q2 FY2025 | $1.1B | +19.5% | $9.0M | 0.8% |
| Q1 FY2025 | $1.1B | +17.7% | $44.6M | 4.2% |
| Q4 FY2024 | $1.1B | +8.3% | $37.0M | 3.3% |
| Q3 FY2024 | $942.3M | -11.8% | $14.2M | 1.5% |
| Q2 FY2024 | $910.8M | -19.6% | $-16.8M | -1.8% |
| Q1 FY2024 | $1.0B | -1.8% | $49.5M | 4.8% |
| Q4 FY2023 | $1.1B | +16.3% | $91.2M | 8.1% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.04B | $910.8M | $942.3M | $1.12B | $1.07B | $1.13B | $1.22B |
| YoY Growth | 16.3% | -1.8% | -19.6% | -11.8% | 8.3% | 17.7% | 19.5% | N/A |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.60B | $5.59B | $5.61B | $5.58B | $5.64B | $5.57B | $5.66B | $5.75B |
| Liabilities | $2.75B | $2.67B | $2.73B | $2.68B | $2.83B | $2.78B | $2.88B | $2.96B |
| Equity | $2.85B | $2.92B | $2.88B | $2.89B | $2.82B | $2.79B | $2.78B | $2.79B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $195.5M | $266.1M | $58.5M | $-159.4M | $349.4M | $103.7M | $156.9M | $174.3M |