Ciena (CIEN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 03, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

1.72

Last Year’s EPS

0.67

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Jun 04, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlights strong demand, record revenue growth (+40% YoY), expanding margins, significantly higher EPS, large backlog ($7.7B) and multiple product wins (Hyper‑Rail, DCOM, pluggables, coherent modules), along with raised FY guidance and an optimistic TAM outlook to ~$50B by 2029. Key negatives are supply‑side constraints, elevated OpEx driven by variable compensation and supply‑security investments, and customer concentration risk. Management presents these challenges as being actively managed (supply investments, engineering cost reductions, value exchanges) and expects durable demand and margin expansion into 2027 and beyond.

Company Guidance

Ciena raised its fiscal 2026 outlook, now targeting revenue of $6.3 billion (±$100M), implying ~32% year‑over‑year growth at the midpoint; fiscal adjusted gross margin of 44.5%–45%; fiscal adjusted operating expenses of roughly $1.61 billion (±$20M); and an operating margin of 19% (±50 bps). For Q3, management guided revenue of ~$1.625 billion (±$50M), adjusted gross margin of 45% (±50 bps), adjusted OpEx of about $410 million (±$10M) and an operating margin of 19%–20%. They expect CapEx of $250M–$275M, noted Q2 free cash flow of $219M (13.9% of revenue) and $1.4B cash on hand, and highlighted a backlog of $7.7B (up >$600M sequentially) with ~80% of hardware backlog expected to convert in the next 12 months.

Record Revenue Growth

Q2 revenue of $1.57 billion, up 40% year‑over‑year and $71 million above guidance; company raised FY2026 revenue guidance to $6.3 billion (+32% midpoint YoY).

Strong Margin and EPS Expansion

Adjusted gross margin expanded to 44.9% (up ~4 percentage points YoY and 90 bps ahead of guidance); adjusted EPS nearly quadrupled to $1.64, demonstrating material margin and earnings leverage.

Robust Backlog and Visibility

Backlog increased by more than $600 million sequentially to $7.7 billion (roughly $6.4 billion hardware), with management expecting ~80% of that hardware to be delivered in next 12 months and strong visibility into 2027.

Segment & Customer Momentum

Optical Networking grew 42% YoY (RLS and WaveServer both >55% YoY); Routing & Switching grew 88% YoY driven by DCOM; direct cloud customer revenue up 70% YoY; service provider revenue up 28% YoY; India service provider revenue more than doubled YoY.

Major Product Wins and Technology Leadership

Announced industry's first multi‑rail order for RLS Hyper‑Rail from a leading hyperscaler; wins for high‑performance coherent modules, WaveLogic 5/6 Nano plugs with a switch OEM; multiple hyperscaler engagements validating new products (Hyper‑Rail, DCOM, pluggables, Nubis assets).

Interconnects and Nubis Progress

Strong demand for 400G/800G pluggables and on track to more than double pluggable revenue vs 2025; Nitro linear redriver chip returned and on track for general availability this summer; Vesta 200 6.4T showing increased momentum for CPO use cases.

Healthy Cash Generation and Capital Allocation

Free cash flow of $219 million (13.9% of revenue), cash balance of $1.4 billion, cash conversion cycle improved by 20 days since Q1, continued $83 million share buyback in Q2, and CapEx plan of $250–$275 million to secure supply and capacity.

Raised Guidance and Large TAM Outlook

Raised FY2026 gross margin guidance to 44.5%–45% and operating margin to ~19%; management projects addressable market to roughly double to ~$50 billion by 2029, driven by WAN and in/around data center demand for AI.

Ciena (CIEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CIEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 03, 2026	2026 (Q3)	1.72 / -	0.67	―	―	―
Jun 04, 2026	2026 (Q2)	1.46 / 1.64	0.42	290.48% (+1.22)
Mar 05, 2026	2026 (Q1)	1.17 / 1.35	0.64	110.94% (+0.71)
Dec 11, 2025	2025 (Q4)	0.78 / 0.91	0.54	68.52% (+0.37)
Sep 04, 2025	2025 (Q3)	0.53 / 0.67	0.35	91.43% (+0.32)
Jun 05, 2025	2025 (Q2)	0.52 / 0.42	0.27	55.56% (+0.15)
Mar 11, 2025	2025 (Q1)	0.41 / 0.64	0.66	-3.03% (-0.02)
Dec 12, 2024	2024 (Q4)	0.65 / 0.54	0.75	-28.00% (-0.21)
Sep 04, 2024	2024 (Q3)	0.27 / 0.35	0.59	-40.68% (-0.24)
Jun 06, 2024	2024 (Q2)	0.16 / 0.27	0.74	-63.51% (-0.47)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 04, 2026	$620.37	$535.63	-13.66%
Mar 05, 2026	$343.55	$299.30	-12.88%
Dec 11, 2025	$221.85	$242.37	+9.25%
Sep 04, 2025	$94.82	$116.92	+23.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.