Filing Flows › Ciena (CIEN) › Q1 FY26
Ciena (CIEN) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 5, 2026
Ciena (CIEN) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +33% from a year earlier and +6% from the quarter before. Operating margin was 13.3%, net earnings $150M (10.5% of revenue).
Ciena, Q1 FY26: revenue $1.4B (+33% year over year), operating margin 13.3%, net earnings $150M, operating cash flow $228M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +6% | +33% |
| Gross profit | $626M | +8% | +33% |
| Operating profit | $189M | 18× | +135% |
| Net earnings | $150M | +671% | +237% |
| Operating cash flow | $228M | -39% | +119% |
| Free cash flow | $154M | -53% | +100% |
What changed
Revenue was $1.4B in Q1 FY26, up 33% year over year and up 6% from the previous quarter. Optical Networking was the largest line at 72% of revenue. Optical Networking added $0.30B year over year (up 41%), 83% of the total change. Blue Planet Automation Software and Services declined 22%.
Gross margin was 43.8%, down 0.2 points from a year earlier. Operating profit was $0.19B, a 13.3% margin (up 5.8 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 8% margin then. Operating expenses grew 11% against revenue growth of 33%. The fastest-growing cost line was Research & development (+15%). Net earnings were $0.15B, up 237% year over year. The effective tax rate was 17.0%.
Operating cash flow was $0.23B (up 119% year over year), 151% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $0.15B.
Questions
What was Ciena's revenue in the first quarter fiscal 2026?
Ciena (CIEN) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +33% from a year earlier and +6% from the quarter before.
Was Ciena profitable in the first quarter fiscal 2026?
Operating profit was $189M (13.3% of revenue) and net earnings $150M.
Source: Ciena 10-Q on SEC EDGAR.