Methodology published · Market data, model notes, and corrections process are public · Data policy · Corrections policy

NEW YORK STOCK EXCHANGE, INC. · Technology · Financials

Ciena Corporation (CIEN) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for CIEN. Market data source · as of 2026-05-02.

Section freshness

Price Aug 23, 7:39 PM EDT · Statements May 1, 8:00 PM EDT

Financial read

CIEN latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$1.57B

+46.5% YoY

Net income

$218.22M

+45.2% QoQ

Gross margin

44.03%

Gross profit $691.55M

Net margin

13.89%

Operating margin 15.14%

Balance sheet coverage

CIEN balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-05-02

Open balance sheet table

Latest period

Q1 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$6.04B

Liabilities $3.15B

Cash / debt

$1.05B

Net cash -$485.99M

Equity / working capital

$2.89B

Working capital $2.26B

Financial statements

CIEN statement coverage.

Income statement, balance sheet, and cash-flow figures for CIEN, with quarterly and annual history in the tables below.

Data last updated

May 1, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual CIEN statements, sourced from Market data source · as of 2026-05-02.

Financial statement period

CIEN statement history

Market data source · as of 2026-05-02 · Data last updated: May 1, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$1.57B	$691.55M	$237.87M	$218.22M	13.89%	+10.1%	+45.2%
Q4 FY2025	$1.43B	$625.52M	$189.41M	$150.28M	10.53%	+17.0%	+198.7%
Q2 FY2025	$1.22B	$503.08M	$73.53M	$50.31M	4.13%	+8.3%	+460.9%
Q1 FY2025	$1.13B	$452.84M	$32.84M	$8.97M	0.80%	+5.0%	-79.9%
Q4 FY2024	$1.07B	$471.82M	$80.66M	$44.57M	4.16%	+13.8%	+213.2%
Q2 FY2024	$942.31M	$403.94M	$26.74M	$14.23M	1.51%	0.0%	0.0%
Q3 FY2024	$942.31M	$403.94M	$26.74M	$14.23M	1.51%	+3.5%	+184.5%
Q1 FY2024	$910.83M	$388.66M	-$3.96M	-$16.85M	-1.85%	-12.2%	-134.0%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q1 FY2026	$1.05B	$3.57B	$1.31B	$6.04B	$3.15B	$1.53B	$2.89B	-0.3%
Q4 FY2025	$1.09B	$3.57B	$1.31B	$5.86B	$3.14B	$1.54B	$2.73B	0.0%
Q3 FY2025	$1.09B	$3.57B	$1.31B	$5.86B	$3.14B	$1.54B	$2.73B	-0.2%
Q2 FY2025	$1.06B	$3.69B	$1.12B	$5.75B	$2.96B	$1.54B	$2.79B	-0.1%
Q1 FY2025	$949.77M	$3.56B	$1.05B	$5.66B	$2.88B	$1.54B	$2.78B	-0.3%
Q4 FY2024	$934.86M	$3.54B	$999.84M	$5.64B	$2.83B	$1.54B	$2.82B	0.0%
Q3 FY2024	$934.86M	$3.54B	$999.84M	$5.64B	$2.83B	$1.54B	$2.82B	-0.3%
Q2 FY2024	$883.37M	$3.54B	$870.56M	$5.58B	$2.68B	$1.55B	$2.89B	-0.1%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q1 FY2026				$218.22M
Q4 FY2025				$150.28M
Q2 FY2025				$50.31M
Q1 FY2025				$8.97M
Q4 FY2024				$44.57M
Q2 FY2024				$14.23M
Q3 FY2024				$14.23M
Q1 FY2024				-$16.85M

Valuation and returns

Enterprise value: $56.51B; TECHi computed

Return on equity: 14.79%; Market data source

Return on assets: 7.08%; Market data source

Debt / equity: 0.53; Current ratio 2.73

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $3.87B; Annual statement 2025-02-01

Annual income base: $56.18M; Annual statement 2025-02-01

Market cap / annual revenue: 14.49; Live market value divided by annual revenue

Market cap / annual income: 997.19; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue14.61

EV / annual operating income434.09

Market capitalization bridge

Market cap / annual revenue14.49

Market cap / annual income997.19

TTM valuation multiples

TTM revenue: $5.34B; Trailing twelve months

TTM EBIT: $533.66M; TTM operating income

Market cap / TTM revenue: 10.49; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 10.58; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income130.97

EV / TTM EBIT105.89

Revenue, net income, and free cash flow

Revenue$1.57BNet income$218.22M

Q2 FY2024Q2 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+46.5%

Debt growth YoY-0.6%

Operating expense growth YoY+16.0%

Quarterly margin heatmap

Gross margin

Q2 FY2024

42.87%

Q4 FY2024

44.00%

Q1 FY2025

40.22%

Q2 FY2025

41.26%

Q4 FY2025

43.83%

Q1 FY2026

44.03%

Operating margin

Q2 FY2024

2.84%

Q4 FY2024

7.52%

Q1 FY2025

2.92%

Q2 FY2025

6.03%

Q4 FY2025

13.27%

Q1 FY2026

15.14%

Net margin

Q2 FY2024

1.51%

Q4 FY2024

4.16%

Q1 FY2025

0.80%

Q2 FY2025

4.13%

Q4 FY2025

10.53%

Q1 FY2026

13.89%

Latest quarter expense mix

Cost of revenue$879.18M

Operating expenses$453.68M

R&D$237.91M

Profit bridge

EBIT$237.87M

Pretax income$231.06M

Tax expense$12.84M

Other income statement lines

Income before tax$231.06M

Income tax expense$12.84M

Balance sheet · Q1 FY2026

Cash & equivalents: $1.05B

Total debt: $1.53B

Net cash: -$485.99M; Net debt position

Total equity: $2.89B

Balance sheet detail

Current assets: $3.57B

Current liabilities: $1.31B

Inventory: $808.45M

Receivables: $1.05B

Current debt: $11.58M

Long-term debt: $1.52B

Debt and liquidity

Debt / revenuei0.29

Debt / income3.58

Cash / debt0.68

Quick ratioi1.60

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for CIEN?

The CIEN Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Ciena Corporation. Missing modules and empty line items are omitted.

How current are CIEN's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Ciena Corporation's reported net margin?

Ciena Corporation's fresh reported margin field is 8.01%. The Financials page shows the supporting period data currently available for CIEN.