Ciena Corporation has announced financial results for its fiscal second quarter ended May 2, 2026.

Performance summary for quarter is as follows:

  • $1.57 billion in the fiscal second quarter 2026, compared to $1.13 billion in the fiscal second quarter 2025
  • $1.49 GAAP and $1.64 adjusted (non-GAAP) for the fiscal second quarter 2026, compared to $0.06 and $0.42 for fiscal second quarter 2025, respectively.

Ciena expects fiscal third quarter 2026 to include:

  • Revenue of $1.625B billion plus or minus $50 million
  • Adjusted (non-GAAP) gross margin in the range of 45 per cent plus or minus 50 bps
  • Adjusted (non-GAAP) operating expense in the range of $410 million plus or minus $10 million
  • Adjusted (non-GAAP) operating margin between 19 per cent and 20 per cent

Ciena expects fiscal year 2026 to include:

  • Revenue of $6.3 billion plus or minus $100 million
  • Adjusted (non-GAAP) gross margin between 44.5 per cent and 45 per cent
  • Adjusted (non-GAAP) operating expense in the range of $1.61 billion plus or minus $20 million
  • Adjusted (non-GAAP) operating margin in the range of 19 per cent plus or minus 50bps

Financial highlights for the fiscal second quarter 2026

  • Two customers represented 10 per cent-plus of revenue for a total of 34.0 per cent of revenue.
  • Average days’ sales outstanding (DSOs) were 71.
  • Inventory turns were 3.6.
  • Repurchased approximately 0.2 million shares of common stock for an aggregate price of $83.1 million under the $1 billion share repurchase program.

Commenting on the results, president and chief executive officer (CEO), Ciena, said, “Today’s results reflect the strength of our portfolio, the power of our business model, and disciplined execution in a dynamic supply environment. Our long-term strategy to be the global leader in high-speed connectivity – both across the WAN and in and around the data centre – is tightly aligned to the structural, multi-year opportunities created by AI-driven demand, positioning us to capitalize on market dynamics and drive sustained, profitable growth.”

Meanwhile, chief financial officer, Ciena, said, “We delivered strong fiscal second quarter results, marked by significant year-over-year revenue growth, adjusted gross margin expansion, and nearly fourfold growth in adjusted earnings per share. Our demonstrated ability to drive operating leverage gives us confidence in continued earnings expansion and long-term value creation for customers and shareholders.”