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Nov 01, 2025
Ciena Q4 2025 Earnings Report
Ciena reported strong revenue and adjusted EPS growth in Q4 2025, driven by demand across networking platforms.
Key Takeaways
Ciena achieved record quarterly revenue of $1.35B in Q4 2025 with solid adjusted EPS of $0.91, reflecting strong performance from cloud and service provider customers amid rising operating costs.
Ciena delivered $1.35B in revenue, marking a strong quarter.
Adjusted EPS nearly doubled YoY to $0.91.
Net income reached $19.49M on a GAAP basis.
Growth led by Optical Networking and Services segments.
Revenue by Segment
Forward Guidance
Ciena expects continued growth into FY 2026, forecasting $1.35B–$1.43B in Q1 revenue and $5.7B–$6.1B for the full year, supported by robust demand across cloud and data center markets.
Positive Outlook
- Q1 2026 revenue guidance: $1.35B to $1.43B.
- FY26 revenue guidance: $5.7B to $6.1B.
- Adjusted gross margin guidance: ~43% ±1%.
- FY26 adjusted operating margin expected at 17% ±1%.
- Strong demand from cloud and service providers continues.
Challenges Ahead
- FY26 operating expenses projected at ~$1.52B.
- Product inventory turns remain low at 3.1.
- DSO at 77 indicates ongoing collection cycle pressure.
- Margin improvement may face cost headwinds.
- Macroeconomic conditions could impact customer budgets.
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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