Short answer
Ciena (CIEN) filed its Q2 2025 10-Q quarterly report on Jun 5, 2025 for the quarter ended May 3, 2025. Quarterly revenue was $1.1B (up 23.6% year over year) with net income of $9M.
Q2 2025 key financials · XBRL
- Revenue
- $1.1B
- +23.6% YoY · +5.0% QoQ
- Net income
- $9M
- +153.2% YoY · −79.9% QoQ
- Operating margin
- 2.9%
- Gross margin
- 40.2%
- EPS (diluted)
- $0.06
- +150.0% YoY · −80.6% QoQ
Source: XBRL data from the Ciena (CIEN) Q2 2025 10-Q on SEC EDGAR. USD.
Ciena Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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%
- Selling & marketing $139.7M, up 12.6% YoY from $124.1M, 12.4% of revenue vs 13.6%
- General & administrative $57.0M, up 14.9% YoY from $49.6M, 5.1% of revenue vs 5.4%
- Significant asset impairments and restructuring costs down 87.6% to $1.9M from $15.7M
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
- Compliance risk: elevated costs from delivering maintenance arrangements reduced services gross margin by up to 330 bps
- Market risk: product gross margin compressed 200 bps YoY to 40.6% reflecting competitive pricing and product mix shifts near term
- Financial risk: Margin compression on services and products despite 16.5% and 12.8% revenue gains signals margin sustainability challenge
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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