CIEN Ciena

Q2 2025 10-Q

Filed: Jun 5, 2025Period ending May 3, 2025

Information Technology

Telephone & Telegraph ApparatusSEC EDGAR

Ciena (CIEN) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jun 5, 2025 for the fiscal period ending May 3, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q2 2025 10-Q

Management Discussion & Analysis

• Total operating expenses $420.0M, up 7.0% YoY from $392.6M
• R&D expense $214.9M, increased 10.0% YoY from $195.4M, 19.1% of revenue vs 21.5%

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Risk Factors

• New tariff impact risk from fiscal 2025, causing 190 bps product gross margin decline to 38.8% due to changed product mix
• Most material cost pressure: 28.9% YoY COGS increase outpacing 23.6% revenue growth, driven by higher product and service delivery costs

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Quarterly Financial Summary
XBRL

Revenue

$1.1B

▲ +23.6% YoY▲ +5.0% QoQ

Net Income

$9M

▲ +153.2% YoY▼ -79.9% QoQ

Gross Margin

40.2%

▼ -245bp YoY▼ -378bp QoQ

Operating Margin

2.9%

▲ +335bp YoY▼ -461bp QoQ

Net Margin

0.8%

▲ +265bp YoY▼ -336bp QoQ

EPS (Diluted)

$0.06

▲ +150.0% YoY▼ -80.6% QoQ

Operating Cash Flow

$157M

▲ +168.4% YoY▲ +51.3% QoQ

Source: XBRL data from Ciena Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Ciena Quarterly Reports

Q1 2026 10-Q

Q3 2025 10-Q

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