Filing Flows › Ciena (CIEN) › Q2 FY25
Ciena (CIEN) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 5, 2025
Ciena (CIEN) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +24% from a year earlier and +5% from the quarter before. Operating margin was 2.9%, net earnings $9.0M (0.8% of revenue).
Ciena, Q2 FY25: revenue $1.1B (+24% year over year), operating margin 2.9%, net earnings $9.0M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +5% | +24% |
| Gross profit | $453M | -4% | +17% |
| Operating profit | $32.8M | -59% | — |
| Net earnings | $9.0M | -80% | — |
| Operating cash flow | $157M | +51% | +168% |
| Free cash flow | $128M | +67% | +208% |
What changed
Revenue was $1.1B in Q2 FY25, up 24% year over year and up 5% from the previous quarter. Optical Networking was the largest line at 69% of revenue. Optical Networking added $0.21B year over year (up 38%), 99% of the total change. Consulting and Network Design declined 37%.
Gross margin was 40.2%, down 2.5 points from a year earlier. Operating profit was $0.03B, a 2.9% margin (up 3.4 points year over year). Operating expenses grew 7% against revenue growth of 24%. The fastest-growing cost line was General & admin (+15%). Net earnings were $0.01B. The effective tax rate was 52.8%.
Operating cash flow was $0.16B (up 168% year over year), 1750% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.03B left free cash flow of $0.13B.
Questions
What was Ciena's revenue in the second quarter fiscal 2025?
Ciena (CIEN) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +24% from a year earlier and +5% from the quarter before.
Was Ciena profitable in the second quarter fiscal 2025?
Operating profit was $32.8M (2.9% of revenue) and net earnings $9.0M.
Source: Ciena 10-Q on SEC EDGAR.