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Ciena (CIEN) gross margin by quarter

Ciena's gross margin was 45.4% in Q3 FY26 (third quarter fiscal 2026), +1.4 pts from Q2 FY26. Over the last 7 quarters it ranged from 40.2% (Q2 FY25) to 45.4% (Q3 FY26).

Ciena gross margin by quarterCiena gross margin by quarter40.9%Q4 FY2440.2%Q2 FY2541.3%Q3 FY2542.7%Q4 FY2543.8%Q1 FY2644.0%Q2 FY2645.4%Q3 FY26
QuarterGross marginQ/QY/Y
Q3 FY2645.4%+1.4 pts+4.2 pts
Q2 FY2644.0%+0.2 pts+3.8 pts
Q1 FY2643.8%+1.1 pts—
Q4 FY2542.7%+1.4 pts+1.8 pts
Q3 FY2541.3%+1.0 pts—
Q2 FY2540.2%-0.7 pts—
Q4 FY2440.9%——

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 gross margin?

Ciena's gross margin was 45.4% in Q3 FY26 (third quarter fiscal 2026), +1.4 pts from Q2 FY26.

How has Ciena's gross margin changed?

Over the last 7 quarters it ranged from 40.2% (Q2 FY25) to 45.4% (Q3 FY26).

Q3 FY26 results → · How Ciena makes money →