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Apr 29, 2023
Ciena Q2 2023 Earnings Report
Ciena reported strong second quarter results, driven by improved supply chain dynamics and increased shipments to customers.
Key Takeaways
Ciena's Q2 2023 revenue reached $1.13 billion, a 19.3% increase year-over-year. The company reported a GAAP net income of $57.7 million, or $0.38 per diluted share, and an adjusted (non-GAAP) net income of $110.4 million, or $0.74 per diluted share.
Revenue for Q2 2023 was $1.13 billion, up from $949.2 million in Q2 2022.
GAAP net income per share was $0.38, compared to $0.25 in Q2 2022.
Adjusted (non-GAAP) net income per share was $0.74, compared to $0.50 in Q2 2022.
Cash and investments totaled $1.34 billion.
Revenue by Segment
Forward Guidance
Ciena is confident in its ability to take market share given its backlog and strategic industry position with market-leading technologies and an expanding addressable market.
Positive Outlook
- Improved supply chain dynamics.
- Strong backlog.
- Strategic industry position.
- Market-leading technologies.
- Expanding addressable market.
Challenges Ahead
- Effect of broader economic and market conditions on our customers and their business.
- Our ability to execute our business and growth strategies.
- The impact of supply chain constraints or disruptions.
- Changes in network spending or network strategy by our customers.
- The level of competitive pressure we encounter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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