Short answer
Ciena (CIEN) filed its Q1 2026 10-Q quarterly report on Mar 5, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $1.4B (up 33.1% year over year) with net income of $150M.
Q1 2026 key financials · XBRL
- Revenue
- $1.4B
- +33.1% YoY
- Net income
- $150M
- +237.2% YoY
- Operating margin
- 13.3%
- Gross margin
- 43.8%
- EPS (diluted)
- $1.03
- +232.3% YoY
Source: XBRL data from the Ciena (CIEN) Q1 2026 10-Q on SEC EDGAR. USD.
Ciena Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.43B in Q1 FY2026, up 33.1% ($354.8M) YoY, driven by cloud and AI-related demand
- Total gross margin 43.8% vs 44.0% YoY; product margin 43.5% vs 42.6%; services margin 45.4% vs 49.6%
- Best segment: Networking Platforms profit +73.8% to $316.6M; worst: Blue Planet swung to -$3.8M loss from +$6.5M profit YoY
- Operating cash flow $227.6M vs $103.7M YoY; cash/investments $1.37B; deployed $80.5M buybacks + $73.9M capex
- Management flagged historically high backlog amid constrained supply; orders significantly exceeding revenue; tariff exposure noted in product COGS
Risk Factors
- No material changes to risk factors since 2025 Annual Report; carried-forward risks govern current risk profile
- Customer concentration risk: networking equipment demand highly cyclical, with large telecom/cloud customers driving revenue volatility
- Supply chain and component availability remain key operational risks given photonic/optical hardware complexity
- Macroeconomic and trade policy exposure including tariffs on hardware components sourced internationally
- Competitive pressure from Huawei, Nokia, Infinera (now part of Nokia) in dense wavelength division multiplexing market
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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