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Ciena (CIEN) free cash flow by quarter

Ciena's free cash flow was $116M in Q3 FY26 (third quarter fiscal 2026), -47% from Q2 FY26. Over the last 7 quarters it ranged from $116M (Q3 FY26) to $326M (Q4 FY25).

Ciena free cash flow by quarterCiena free cash flow by quarter$266MQ4 FY24$128MQ2 FY25$135MQ3 FY25$326MQ4 FY25$154MQ1 FY26$219MQ2 FY26$116MQ3 FY26
QuarterFree cash flowQ/QY/Y
Q3 FY26$116M-47%-14%
Q2 FY26$219M+42%+71%
Q1 FY26$154M-53%—
Q4 FY25$326M+142%+23%
Q3 FY25$135M+5%—
Q2 FY25$128M-52%—
Q4 FY24$266M——

Q3 FY26 at a glance

Ciena, Q3 FY26: revenue $1.7B (+37% year over year), operating margin 18.0%, net earnings $266M, operating cash flow $196M. The chart follows the revenue to costs, profit and cash.

Questions

What is Ciena's free cash flow?

Ciena's free cash flow was $116M in Q3 FY26 (third quarter fiscal 2026), -47% from Q2 FY26.

How has Ciena's free cash flow changed?

Over the last 7 quarters it ranged from $116M (Q3 FY26) to $326M (Q4 FY25).

Q3 FY26 results → · How Ciena makes money →