Ciena Q2 2022 Earnings Report
Key Takeaways
Ciena's Q2 2022 financial results showed a revenue of $949.2 million, a GAAP net income per share of $0.25, and an adjusted (non-GAAP) net income per share of $0.50. The company experienced 14% year-over-year revenue growth despite supply chain challenges and saw continued strength in order flow and backlog growth.
Q2 revenue reached $949.2 million.
GAAP net income per share was $0.25.
Adjusted (non-GAAP) net income per share was $0.50.
Approximately 1.5 million shares of common stock were repurchased for $87.0 million.
Ciena
Ciena
Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Forward Guidance
Ciena's near-term financial performance is heavily dependent on component availability due to industry-wide supply chain constraints, creating uncertainty despite strong underlying demand.
Positive Outlook
- Strong execution in the fiscal second quarter enabled 14% year-over-year revenue growth.
- Continued strength in order flow.
- Backlog growth reflecting the durability of longer-term secular demand drivers.
- The company is managing supply chain constraints effectively.
- Strong underlying demand in the business.
Challenges Ahead
- Increasingly challenging supply environment.
- Industry-wide supply chain constraints are resulting in increased uncertainty.
- Wider range of potential outcomes in the coming quarters.
- Near-term financial performance is entirely a function of component availability.
- Potential impact of broader economic and market conditions on customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income