Filing Flows › Ciena (CIEN) › Q3 FY25
Ciena (CIEN) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 4, 2025
Ciena (CIEN) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +29% from a year earlier and +8% from the quarter before. Operating margin was 6.0%, net earnings $50.3M (4.1% of revenue).
Ciena, Q3 FY25: revenue $1.2B (+29% year over year), operating margin 6.0%, net earnings $50.3M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +8% | +29% |
| Gross profit | $503M | +11% | +25% |
| Operating profit | $73.5M | +124% | +175% |
| Net earnings | $50.3M | +461% | +254% |
| Operating cash flow | $174M | +11% | — |
| Free cash flow | $135M | +5% | — |
What changed
Revenue was $1.2B in Q3 FY25, up 29% year over year and up 8% from the previous quarter. Optical Networking was the largest line at 67% of revenue. Optical Networking added $0.21B year over year (up 34%), 75% of the total change.
Gross margin was 41.3%, down 1.6 points from a year earlier. Operating profit was $0.07B, a 6.0% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 3% margin then. Operating expenses grew 14% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+22%). Net earnings were $0.05B, up 254% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.17B, 347% 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 $0.04B. Capital expenditures of $0.04B left free cash flow of $0.13B.
Questions
What was Ciena's revenue in the third quarter fiscal 2025?
Ciena (CIEN) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +29% from a year earlier and +8% from the quarter before.
Was Ciena profitable in the third quarter fiscal 2025?
Operating profit was $73.5M (6.0% of revenue) and net earnings $50.3M.
Source: Ciena 10-Q on SEC EDGAR.