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May 03

Ciena Q2 2025 Earnings Report

Ciena reported strong revenue and a return to profitability in Q2 2025.

Key Takeaways

Ciena delivered solid results for Q2 2025, achieving $1.13 billion in revenue and swinging to a GAAP net income of $9 million. The company benefited from strong demand in cloud and AI infrastructure, while continuing its share repurchase program.

Revenue reached $1.13 billion, up from $910.8 million a year ago.

GAAP net income returned to positive territory at $9 million.

Adjusted EPS was $0.42 versus $0.27 last year.

Ciena repurchased 1.2 million shares for $84.3 million.

Total Revenue
$1.13B
Previous year: $911M
+23.6%
EPS
$0.42
Previous year: $0.27
+55.6%
Days Sales Outstanding
87
Inventory Turns
2.5
Cash Flow from Operations
$157M
Gross Profit
$453M
Previous year: $358M
+26.7%
Cash and Equivalents
$950M
Previous year: $1.09B
-13.0%
Total Assets
$5.66B
Previous year: $5.61B
+0.8%

Ciena

Ciena

Ciena Revenue by Segment

Ciena Revenue by Geographic Location

Forward Guidance

Ciena expressed strong confidence in continued growth and operating leverage due to favorable infrastructure demand trends.

Positive Outlook

  • High-speed connectivity demand continues to rise
  • Positive momentum across all business segments
  • Strong visibility into future performance
  • Ongoing benefits from cloud and AI investments
  • Improving operating leverage expected

Challenges Ahead

  • Macroeconomic and market uncertainties
  • Ongoing global supply chain constraints
  • Potential foreign exchange rate fluctuations
  • Increased supply costs and lead times
  • Geopolitical tensions may impact operations

Revenue & Expenses

Visualization of income flow from segment revenue to net income