Filing Flows › Ciena (CIEN) › Q2 FY26
Ciena (CIEN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 4, 2026
Ciena (CIEN) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +40% from a year earlier and +10% from the quarter before. Operating margin was 15.1%, net earnings $218M (13.9% of revenue).
Ciena, Q2 FY26: revenue $1.6B (+40% year over year), operating margin 15.1%, net earnings $218M, operating cash flow $260M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +10% | +40% |
| Gross profit | $692M | +11% | +53% |
| Operating profit | $238M | +26% | +624% |
| Net earnings | $218M | +45% | 24× |
| Operating cash flow | $260M | +14% | +65% |
| Free cash flow | $219M | +42% | +71% |
What changed
Revenue was $1.6B in Q2 FY26, up 40% year over year and up 10% from the previous quarter. Optical Networking was the largest line at 70% of revenue. Optical Networking added $0.33B year over year (up 42%), 73% of the total change. Blue Planet Automation Software and Services declined 16%.
Gross margin was 44.0%, up 3.8 points from Q2 FY25. Operating profit was $0.24B, a 15.1% margin (up 12.2 points year over year). Of the extra revenue versus Q2 FY25, 46% reached operating profit, above the 3% margin then. Operating expenses grew 8% against revenue growth of 40%. The fastest-growing cost line was Research & development (+11%). Net earnings were $0.22B, up 2333% year over year. The effective tax rate was 5.6%.
Operating cash flow was $0.26B (up 65% year over year), 119% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.04B left free cash flow of $0.22B.
Questions
What was Ciena's revenue in the second quarter fiscal 2026?
Ciena (CIEN) reported revenue of $1.6B for the second quarter fiscal 2026 (Q2 FY26), +40% from a year earlier and +10% from the quarter before.
Was Ciena profitable in the second quarter fiscal 2026?
Operating profit was $238M (15.1% of revenue) and net earnings $218M.
Source: Ciena 10-Q on SEC EDGAR.