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Aug 02
Ciena Q3 2025 Earnings Report
Ciena reported strong performance in Q3 2025, marked by significant revenue and income growth.
Key Takeaways
Ciena posted solid Q3 2025 results, driven by robust demand for high-speed connectivity solutions. Revenue and net income saw a marked increase year over year.
Revenue rose to $1.22 billion from $942.3 million last year.
GAAP net income increased to $50.3 million, up from $14.2 million.
Adjusted EPS climbed to $0.67 from $0.35.
Cash flow from operations reached $174.3 million.
Ciena
Ciena
Ciena Revenue by Segment
Ciena Revenue by Geographic Location
Revenue by Segment
Optical Networking Revenue
CapyFin.comRouting & Switching Revenue
CapyFin.comPlatform Software & Svcs Revenue
CapyFin.comBlue Planet Software Revenue
CapyFin.comMaintenance & Training Revenue
CapyFin.comInstall & Deployment Revenue
CapyFin.comConsulting & Design Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Ciena expects continued momentum in Q4 2025 with modest increases in revenue and stable margins.
Positive Outlook
- Revenue forecasted between $1.24B to $1.32B.
- Adjusted gross margin expected between 42% to 43%.
- Operating expenses projected in the $390M to $400M range.
- Strong demand visibility into fiscal 2026.
- High-speed connectivity and AI remain key drivers.
Challenges Ahead
- Adjusted operating expense projected to increase from Q3.
- Gross margin slightly down from the prior year.
- Inventory levels remain high at $860.4M.
- Reserve for obsolescence stood at $121.5M.
- Two customers represented 28.8% of total revenue, indicating concentration risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income