Ciena (CIEN)

NYSE Information Technology Communications Equipment S&P 500

$243.39

+12.58 (+5.45%)

Close of Nov 06, 2026 · end-of-day data

Source: Ciena's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2018	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.09B	$3.09B	$3.57B	$3.57B	$3.53B	$3.62B	$3.63B	$4.39B	$4.01B	$4.77B
Cost of revenue	$1.78B	$1.78B	$2.03B	$2.03B	$1.88B	$1.90B	$2.07B	$2.51B	$2.30B	$2.76B
Gross profit	$1.31B	$1.31B	$1.54B	$1.54B	$1.65B	$1.72B	$1.56B	$1.88B	$1.72B	$2.00B
Research & development	$491.56M	$491.56M	$548.14M	$548.14M	$529.89M	$536.67M	$624.66M	$750.56M	$767.50M	$848.33M
Operating income	$229.95M	$229.95M	$346.77M	$346.77M	$486.96M	$495.36M	$222.81M	$357.55M	$166.62M	$197.53M
Interest expense	$55.25M	$55.25M	$37.45M	$37.45M	$31.32M	$30.84M	$47.05M	$88.03M	$97.03M	$89.40M
Pre-tax income	$148.78M	$148.78M	$313.19M	$313.19M	$455.96M	$462.75M	$182.50M	$323.65M	$119.85M	$156.29M
Income tax	$493.47M	$493.47M	$59.76M	$59.76M	$94.67M	-$37.45M	$29.60M	$68.83M	$35.89M	$32.95M
Net income	-$344.69M	-$344.69M	$253.43M	$253.43M	$361.29M	$500.20M	$152.90M	$254.83M	$83.96M	$123.34M
EBITDA	$314.16M	$314.16M	$434.34M	$434.34M	$580.87M	$591.59M	$318.73M	$450.11M	$259.46M	$301.66M
EPS (basic)	$-2.40	$-2.40	$1.63	$1.63	$2.34	$3.22	$1.01	$1.71	$0.58	$0.87
EPS (diluted)	$-2.49	$-2.49	$1.61	$1.61	$2.32	$3.19	$1.00	$1.71	$0.58	$0.85
Diluted shares	143.74M	143.74M	157.61M	157.61M	155.96M	156.74M	152.19M	149.38M	145.96M	145.25M
Gross margin	42.5%	42.5%	43.2%	43.2%	46.8%	47.6%	43.0%	42.8%	42.8%	42.0%
Operating margin	7.4%	7.4%	9.7%	9.7%	13.8%	13.7%	6.1%	8.2%	4.1%	4.1%
Net margin	-11.1%	-11.1%	7.1%	7.1%	10.2%	13.8%	4.2%	5.8%	2.1%	2.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2018	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$745.42M	$745.43M	$904.04M	$904.04M	$1.09B	$1.42B	$994.35M	$1.01B	$934.86M	$1.09B
Short-term investments	$148.98M	$148.98M	$109.94M	$109.94M	$150.67M	$181.48M	$153.99M	$104.75M	$316.34M	$216.15M
Receivables	$786.50M	$799.01M	$724.85M	$724.85M	$719.40M	$884.96M	$920.77M	$1.00B	$908.60M	$975.86M
Inventory	$262.75M	$260.26M	$345.05M	$345.05M	$344.38M	$374.26M	$946.73M	$1.05B	$820.43M	$826.24M
Total current assets	$2.14B	$2.14B	$2.38B	$2.38B	$2.61B	$3.19B	$3.39B	$3.58B	$3.54B	$3.57B
Goodwill	$297.97M	$297.97M	$297.94M	$297.94M	$310.85M	$311.64M	$328.32M	$444.76M	$444.71M	$521.20M
Total assets	$3.76B	$3.78B	$3.89B	$3.89B	$4.18B	$4.87B	$5.07B	$5.60B	$5.64B	$5.86B
Total current liabilities	$963.00M	$963.00M	$845.94M	$845.94M	$760.70M	$909.03M	$1.04B	$932.02M	$999.84M	$1.31B
Short-term debt	—	—	$7.00M	$7.00M	$6.93M	$6.93M	$6.93M	$11.70M	$11.70M	$11.58M
Long-term debt	$686.45M	$686.45M	$680.41M	$680.41M	$676.36M	$670.36M	$1.06B	$1.54B	$1.53B	$1.52B
Total debt	$686.45M	$686.45M	$687.41M	$687.41M	$683.29M	$677.28M	$1.07B	$1.56B	$1.54B	$1.54B
Total liabilities	$1.83B	$1.83B	$1.72B	$1.72B	$1.67B	$1.85B	$2.36B	$2.75B	$2.83B	$3.14B
Shareholders' equity	$1.93B	$1.93B	$2.17B	$2.17B	$2.51B	$3.02B	$2.71B	$2.85B	$2.82B	$2.73B

Cash flow

fiscal years · USD

Fiscal year	FY2018	FY2018	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$229.26M	$229.26M	$413.14M	$413.14M	$493.65M	$541.65M	-$167.76M	$168.33M	$514.53M	$806.09M
Capital expenditures	$67.62M	$67.62M	$62.58M	$62.58M	$82.67M	$79.55M	$90.82M	$106.20M	$136.64M	$140.80M
Free cash flow	$161.65M	$161.65M	$350.56M	$350.56M	$410.99M	$462.10M	-$258.57M	$62.13M	$377.89M	$665.29M
Investing cash flow	-$19.38M	-$19.38M	$24.08M	$24.08M	-$220.24M	-$90.72M	-$101.25M	-$383.45M	-$306.48M	-$241.50M
Financing cash flow	-$99.23M	-$99.23M	-$278.97M	-$278.97M	-$87.22M	-$116.83M	-$133.06M	$229.38M	-$285.06M	-$405.92M
Share buybacks	$110.98M	$110.98M	$150.08M	$150.08M	$74.53M	$91.29M	$500.80M	$242.20M	$254.50M	$334.51M
Stock-based compensation	$52.97M	$52.97M	$59.74M	$59.74M	$67.76M	$84.34M	$105.13M	$130.46M	$156.40M	$184.53M
Depreciation & amortization	$84.21M	$84.21M	$87.58M	$87.58M	$93.91M	$96.23M	$95.92M	$92.56M	$92.85M	$104.13M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Revenue	$1.13B	$1.04B	$910.83M	$942.31M	$1.12B	$1.07B	$1.13B	$1.22B	$1.35B	$1.43B	$1.57B	$1.67B
Cost of revenue	$643.21M	$570.75M	$522.16M	$538.36M	$664.09M	$600.44M	$673.04M	$716.31M	$774.80M	$801.52M	$879.18M	$911.86M
Gross profit	$486.28M	$466.96M	$388.66M	$403.94M	$460.02M	$471.82M	$452.84M	$503.08M	$577.18M	$625.52M	$691.55M	$759.26M
Research & development	$189.44M	$187.27M	$195.38M	$188.89M	$195.96M	$192.66M	$214.87M	$211.90M	$228.90M	$221.46M	$237.91M	$236.67M
Operating income	$91.30M	$84.63M	-$3.96M	$26.74M	$59.21M	$80.66M	$32.84M	$73.53M	$10.49M	$189.41M	$237.87M	$301.18M
Interest expense	$24.21M	$23.78M	$23.86M	$24.40M	$24.99M	$22.92M	$21.70M	$22.81M	$21.98M	$21.25M	$20.92M	$5.80M
Pre-tax income	$70.52M	$71.50M	-$16.03M	$16.36M	$48.02M	$68.59M	$19.02M	$65.82M	$2.86M	$181.12M	$231.06M	$310.62M
Income tax	-$20.68M	$21.96M	$820.00K	$2.12M	$10.99M	$24.02M	$10.05M	$15.51M	-$16.63M	$30.83M	$12.84M	$44.20M
Net income	$91.20M	$49.55M	-$16.85M	$14.23M	$37.03M	$44.57M	$8.97M	$50.31M	$19.49M	$150.28M	$218.22M	$266.42M
EBITDA	$114.65M	$107.44M	$19.24M	$49.72M	$83.06M	$105.34M	$57.93M	$100.40M	$37.99M	$221.72M	$272.58M	$336.50M
EPS (basic)	$0.62	$0.34	$-0.12	$0.10	$0.26	$0.31	$0.06	$0.35	$0.14	$1.06	$1.54	$1.88
EPS (diluted)	$0.62	$0.34	$-0.12	$0.10	$0.26	$0.31	$0.06	$0.35	$0.13	$1.03	$1.49	$1.83
Diluted shares	-487.00K	145.85M	144.91M	145.36M	169.00K	145.94M	144.97M	144.50M	90.00K	145.80M	146.31M	145.97M
Gross margin	43.1%	45.0%	42.7%	42.9%	40.9%	44.0%	40.2%	41.3%	42.7%	43.8%	44.0%	45.4%
Operating margin	8.1%	8.2%	-0.4%	2.8%	5.3%	7.5%	2.9%	6.0%	0.8%	13.3%	15.1%	18.0%
Net margin	8.1%	4.8%	-1.8%	1.5%	3.3%	4.2%	0.8%	4.1%	1.4%	10.5%	13.9%	15.9%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Cash & equivalents	$1.01B	$1.26B	$1.09B	$883.37M	$934.86M	$874.75M	$949.77M	$1.06B	$1.09B	$1.12B	$1.05B	$2.45B
Short-term investments	$104.75M	$106.68M	$165.62M	$217.81M	$316.34M	$337.32M	$304.18M	$270.38M	$216.15M	$176.31M	$157.71M	$184.29M
Receivables	$1.00B	$865.24M	$840.13M	$899.88M	$908.60M	$938.70M	$929.80M	$1.03B	$975.86M	$967.41M	$1.05B	$1.23B
Inventory	$1.05B	$984.89M	$1.02B	$937.40M	$820.43M	$845.13M	$874.33M	$860.40M	$826.24M	$845.82M	$808.45M	$871.99M
Total current assets	$3.58B	$3.61B	$3.54B	$3.54B	$3.54B	$3.49B	$3.56B	$3.69B	$3.57B	$3.54B	$3.57B	$5.26B
Goodwill	$444.76M	$445.08M	$444.92M	$444.79M	$444.71M	$444.31M	$444.81M	$444.83M	$521.20M	$521.71M	$520.40M	$513.34M
Total assets	$5.60B	$5.59B	$5.61B	$5.58B	$5.64B	$5.57B	$5.66B	$5.75B	$5.86B	$5.89B	$6.04B	$8.00B
Total current liabilities	$932.02M	$841.31M	$912.19M	$870.56M	$999.84M	$956.52M	$1.05B	$1.12B	$1.31B	$1.26B	$1.31B	$1.39B
Short-term debt	$11.70M	$11.70M	$11.70M	$11.70M	$11.70M	$11.58M	$11.58M	$11.58M	$11.58M	$11.58M	$11.58M	$0
Long-term debt	$1.54B	$1.54B	$1.54B	$1.54B	$1.53B	$1.53B	$1.53B	$1.53B	$1.52B	$1.52B	$1.52B	$3.23B
Total debt	$1.56B	$1.55B	$1.55B	$1.55B	$1.54B	$1.54B	$1.54B	$1.54B	$1.54B	$1.54B	$1.53B	$3.23B
Total liabilities	$2.75B	$2.67B	$2.73B	$2.68B	$2.83B	$2.78B	$2.88B	$2.96B	$3.14B	$3.10B	$3.15B	$4.94B
Shareholders' equity	$2.85B	$2.92B	$2.88B	$2.89B	$2.82B	$2.79B	$2.78B	$2.79B	$2.73B	$2.79B	$2.89B	$3.06B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Operating cash flow	$195.47M	$266.08M	$58.47M	-$159.38M	$349.36M	$103.72M	$156.95M	$174.35M	$371.08M	$227.65M	$259.70M	$196.26M
Capital expenditures	$22.77M	$16.60M	$16.90M	$19.60M	$83.54M	$26.88M	$28.74M	$39.75M	$45.43M	$73.89M	$41.05M	$79.96M
Free cash flow	$172.70M	$249.48M	$41.57M	-$178.97M	$265.82M	$76.84M	$128.21M	$134.60M	$325.65M	$153.76M	$218.65M	$116.30M
Investing cash flow	-$98.12M	$18.13M	-$156.84M	-$18.84M	-$148.93M	-$67.09M	$19.64M	$19.71M	-$213.77M	-$43.89M	-$153.93M	-$117.35M
Financing cash flow	-$197.17M	-$34.72M	-$73.12M	-$28.55M	-$148.68M	-$93.46M	-$107.79M	-$84.90M	-$119.77M	-$154.54M	-$180.73M	$1.32B
Share buybacks	$184.47M	$38.20M	$56.62M	$31.00M	$128.69M	$81.18M	$87.02M	$81.84M	$84.47M	$80.51M	$84.41M	$172.99M
Stock-based compensation	$35.05M	$37.83M	$40.25M	$37.36M	$40.97M	$40.81M	$47.96M	$46.93M	$48.83M	$49.83M	$55.47M	$57.88M
Depreciation & amortization	$23.35M	$22.81M	$23.21M	$22.98M	$23.85M	$24.68M	$25.09M	$26.87M	$27.50M	$32.31M	$34.71M	$35.33M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.