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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Ciena Corporation (CIEN) is 10/10.
Ciena delivered record Q1 revenue of $1.43 billion, up 33% year-over-year at the top end of guidance, with adjusted EPS of $1.35 more than doubling the prior year as operating leverage expanded dramatically on flat OpEx. FY2026 guidance was raised again to approximately 28% growth ($5.9-6.3 billion) with gross margin reaching 44.7% and approaching the 45% milestone. Backlog surged $2 billion to approximately $7 billion with nearly all new orders targeting FY2027, though supply constraints continued to limit revenue upside for at least several quarters.
Scored from Ciena Corporation’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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Reporting soon: earnings call Thursday, Sep 3
A pre-earnings brief is ready for CIEN: the setup, what peers and partners said this season, and which analysts to watch. Reading it is a Tellvest Pro feature.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.12B | -0.5% | $0.25 | -59.7% | 40.9% | 5.3% | 3.3% | $266M |
| FY2025 Q1 | $1.07B | +3.3% | $0.31 | -8.8% | 44.0% | 7.7% | 4.2% | $77M |
| FY2025 Q2 | $1.13B | +19.5% | $0.06 | -38.1% | 40.2% | 3.1% | 0.8% | $128M |
| FY2025 Q3 | $1.22B | +29.4% | $0.35 | +257.5% | 41.3% | 6.2% | 4.1% | $230M |
| FY2025 Q4 | $1.35B | +20.3% | $0.13 | -48.0% | 42.7% | 8.8% | 1.4% | $230M |
| FY2026 Q1 | $1.43B | +33.1% | $1.03 | +232.3% | 43.8% | 13.4% | 10.5% | $154M |
| FY2026 Q2 | $1.57B | +39.5% | $1.49 | +2307.1% | 44.0% | 15.1% | 13.9% | $219M |