Income StatementBalance SheetCash FlowSegments
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Ciena Cash Flow Statement

Operating, investing, and financing cash movements

Ciena generated $1.0B in operating cash flow over the trailing twelve months. After $200.1M in capital expenditures, free cash flow was $832.7M. Free cash flow increased 0.6% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$1.0BNet Cash From Investing (TTM)-$391.7MNet Cash From Financing (TTM)-$540.0MCapital Expenditures (TTM)$200.1MNet Change In Cash (TTM)$95.4M
Latest FilingQ2 2026
Report Date2026-06-04
Market Cap$82.0B
P/E Ratio187.19
ROE15.46%

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other non-cash income (expense)$6.7M———$1.5M-$2.1M
Inventory write-down$10.9M$12.5M$10.8M$14.2M$21.8M$20.6M
Other non-cash income (expense)$6.7M———$1.5M-$2.1M
Change in accounts payable-$49.6M$32.8M$100.1M$143.1M-$130.9M—
Change in accounts receivable$33.5M—$96.0M—-$9.4M$81.0M
Change in deferred revenue$20.3M$46.2M—$25.5M$86.0M—
Change in inventories$35.8M$41.1M——$41.2M—
Deferred income taxes-$17.1M—-$11.2M-$1.5M-$7.0M-$3.5M
Other Non-Cash Income (Expense)$6.7M———$1.5M-$2.1M
Loss on extinguishment of debt$0.0$0.0$0.0$0.0——
Other Non-cash Income (Expense)$6.7M———$1.5M-$2.1M
Other Non-cash Income (Expense)$6.7M———$1.5M-$2.1M
Net cash from operating activities$103.7M$156.9M$174.3M$371.1M$227.6M$259.7M
Net income$44.6M$9.0M$50.3M$19.5M$150.3M$218.2M
Other non-cash income (expense)$6.7M———$1.5M-$2.1M
Amortization of intangible assets$8.8M$8.8M$8.8M$9.9M$11.5M$10.5M
Impairment of intangible assets$22.3M$22.3M$22.3M$22.3M——
Increase (Decrease) in Operating Lease, Right-of-use Assets-$2.9M-$2.7M-$3.2M-$2.9M-$2.9M-$2.5M
Provision for warranty$5.7M$5.0M$5.6M$8.1M$8.2M$8.5M
Other Non-cash Income and Expense$6.7M———$1.5M-$2.1M
Other Non-Cash Adjustments$6.7M———$1.5M-$2.1M
Other Non-Cash Income and Expense$6.7M———$1.5M-$2.1M
Stock-based compensation$40.8M$48.0M$46.9M$48.8M$49.8M$55.5M

Supplemental

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures incurred but not yet paid$4.7M$7.8M$2.3M$2.6M$14.9M—
Interest paid$25.6M$17.6M$25.0M$17.0M$16.9M$24.1M
Capital expenditures incurred but not yet paid$4.7M$7.8M$2.3M$2.6M$14.9M—
Capital Expenditures Incurred but Not Yet Paid$4.7M$7.8M$2.3M$2.6M$14.9M—
ROU Asset Obtained for Lease Liability$1.1M$15.3M$5.5M$1.7M$4.9M$1.1M
Cash Paid for Lease Liabilities$4.8M$4.1M$4.4M$4.6M$4.5M$3.9M
Operating lease payments$4.8M$4.1M$4.4M$4.6M$4.5M$3.9M
Operating Lease Payments$4.8M$4.1M$4.4M$4.6M$4.5M$3.9M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Debt Extinguishment Costs$19.2M———$0.0$0.0
Payments of Debt Extinguishment Costs$19.2M———$0.0$0.0
Repayments of debt$2.9M$2.9M$2.9M$2.9M$0.0$5.8M
Proceeds from modification of debt, net$19.2M———$0.0$0.0
Proceeds from modification of debt, net$4.8M$4.8M$4.8M$4.8M——
Payment for Debt Extinguishment Costs$19.2M———$0.0$0.0
Finance lease prepayments$1.0M$1.1M$1.1M$1.1M$1.2M$1.2M
Net cash from financing activities-$93.5M-$107.8M-$84.9M-$119.8M-$154.5M-$180.7M
Proceeds from issuance of common stock$17.1M$0.0$18.7M$2.0K$17.2M—
Payment for Debt Extinguishment Costs$19.2M———$0.0$0.0
Repurchases of common stock$81.2M$87.0M$81.8M$84.5M$80.5M$84.4M
Taxes paid for net share settlement$25.5M$16.8M$17.8M$31.3M$90.1M$89.3M
Payment for Debt Extinguishment or Prepayment Cost$19.2M———$0.0$0.0
Payment for debt extinguishment or prepayment costs$19.2M———$0.0$0.0

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures$26.9M$28.7M$39.8M$45.4M$73.9M$41.0M
Payments for Derivative Instruments (Investing)-$1.8M-$684.0K$5.1M$1.4M-$1.0M$1.1M
Proceeds from Derivative Instrument Investing Activities-$1.8M-$684.0K$5.1M$1.4M-$1.0M$1.1M
Payments for (Proceeds from) Derivative Instruments, Investing-$1.8M-$684.0K$5.1M$1.4M-$1.0M$1.1M
Net cash from investing activities-$67.1M——-$213.8M-$43.9M-$153.9M
Purchases of investments$97.0M$62.1M$32.2M$22.8M$39.9M$186.8M
Investing Cash Flows from Derivatives-$1.8M-$684.0K$5.1M$1.4M-$1.0M$1.1M
Payments for (Proceeds from) Derivative Instruments, Investing-$1.8M-$684.0K$5.1M$1.4M-$1.0M$1.1M

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$76.8M$128.2M$134.6M$325.6M$153.8M$218.7M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$3.3M$6.2M-$2.9M-$1.6M$2.2M-$3.3M
Net increase (decrease) in cash-$60.1M$75.0M$106.3M$36.0M$31.5M-$78.3M
Accrued payables for capital expenditures$4.7M$7.8M$2.3M$2.6M$14.9M—
Repurchase of common stock in accrued liabilities from repurchase program, net$4.2M—$208.0K$348.0K$2.6M—