NYSE$CIEN

Ciena Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Ciena reported fiscal Q3 2025 revenue of $1.22B with net income of $50.3M and diluted EPS of $0.35.

Revenue was $1.22 billion for the quarter ended August 2, 2025, with net income of $50.3 million and diluted EPS of $0.35. Optical networking demand tied to cloud and AI build-outs supported orders and backlog expansion.

  • Q3 revenue $1.22B; net income $50.3M; diluted EPS $0.35.
  • Cloud provider demand for high-speed connectivity remains strong.
  • Supply chain and component availability influence shipment timing.
  • Gross margin and mix between products and services affect profitability.

Headline financials

Total Revenue

$1.22B

Previous: $942M+29.4%
EPS (adj)

$0.35

Previous: $0.10+250.0%
Inventory Turns

2.7

No prior period
Operating Cash Flow

$174M

No prior period
Days Sales Outstanding

88

No prior period
Capital Expenditures

-$95.4M

Previous: -$53.1M-79.6%
Free Cash Flow

-$45.1M

Previous: $112M-140.2%
Net Income

$50.3M

Previous: $14.2M+253.5%
Operating Income

$73.5M

Previous: $26.7M+175.0%
Gross Profit

$503M

Previous: $404M+24.5%
Cash & Equivalents

$1.06B

Previous: $883M+19.5%
Total Assets

$5.75B

Previous: $5.58B+3.1%

Revenue & EPS history

Ciena · Revenue · Quarterly

$1.22B

Q3 2025+29.4%vs Q3 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Ciena · $1.57B total across 7 segments · Q2 2026

  • Optical Networking
    $1.1B
  • Routing and Switching
    $174M
  • Platform Software and Services
    $93.9M
  • Maintenance, Support, and Learning
    $89.3M
  • Implementation
    $79.7M
  • Blue Planet Automation Software and Services
    $23.4M
  • Advisory and Enablement
    $10.4M

Forward guidance

The release discusses Ciena's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Ciena cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.5%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.7%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+26.1%

Q2 2019

Best reaction

-26.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-13.8%-29.5%
Q1 2026-12.9%-1.8%+30.3%
Q4 2025+9.4%-5.4%+3.9%
Q3 2025+22.8%+28.9%+59.7%
Q2 2025-0.4%+1.0%+15.0%
Q1 2025-2.4%-2.6%-10.9%
Q4 2024+22.6%+20.4%+12.3%
Q3 2024-5.3%-7.0%+20.5%
Q2 2024-5.2%-4.8%-3.0%
Q1 2024-12.4%-16.9%-23.2%
Q4 2023-3.1%-4.8%+1.5%
Q3 2023+12.3%+11.1%+9.5%
Q2 2023-8.9%-12.9%-10.8%
Q1 2023+0.8%+0.9%+5.6%
Q4 2022+17.4%+17.0%+18.9%
Q3 2022-12.8%-15.8%-20.3%
Q2 2022-5.1%-5.3%-11.1%
Q1 2022-11.7%-16.6%-11.8%
Q4 2021+17.9%+18.9%+17.4%
Q3 2021+0.1%-2.2%-8.2%
Q2 2021+10.3%+11.1%+6.5%
Q1 2021-2.0%-0.2%+11.9%
Q4 2020+1.3%+2.9%+12.2%
Q3 2020-26.3%-29.9%-33.2%
Q2 2020-3.6%-2.2%-5.4%
Q1 2020-1.3%-2.6%-3.1%
Q4 2019+16.9%+15.5%+17.6%
Q3 2019-4.1%-3.8%-8.7%
Q2 2019+26.1%+22.7%+19.8%
Q1 2019-6.6%-8.9%-12.4%
Q4 2018+7.5%+3.2%+14.1%
Q3 2018+15.6%+17.4%+14.4%
Q2 2018-2.7%+0.2%+10.2%
Q1 2018+13.2%+15.8%+8.8%
Q4 2017-1.1%+1.9%+1.7%
Q3 2017-9.1%-10.6%-9.5%
Q2 2017+17.1%+13.1%+6.6%
Q1 2017-9.5%-11.1%-16.1%
Q4 2016+14.2%+10.6%+12.0%
Q3 2016+6.7%+7.1%+1.6%
Q2 2016+18.4%+22.5%+4.0%
Q1 2016-16.6%
Q4 2015-17.8%
Q3 2015+0.1%
Q2 2015+2.3%
Q1 2015+2.2%
Q4 2014+6.8%
Q3 2014-5.3%
Q2 2014+17.1%
Q1 2014-5.2%
Q4 2013-5.4%
Q3 2013+13.9%
Q2 2013+21.1%
Q1 2013+14.8%
Q4 2012+0.9%
Q3 2012-18.2%
Q2 2012+6.7%
Q1 2012+10.0%
Q4 2011+7.3%
Q3 2011-8.6%
Q2 2011-6.2%
Q1 2010+2.5%
Q1 2011-1.9%
Q2 2010-5.0%
Q4 2008-5.0%
Q4 2010-5.0%
Q3 2010+3.6%
Q4 2009+3.6%
Q3 2009+3.6%

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