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Ciena CIEN Q4 2025 Annual earnings

Reported December 11, 2025 · Before market open

Revenue$1.4BBeat by $60.9M
EPS$0.91Beat by $0.13
Revenue estimate$1.3B
EPS estimate$0.78

Next report

Sep 3, 2026 (Today)
Revenue estimate$1.6B
EPS estimate$1.73

Financials

Q4 2025

Income statement

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Revenue$1.4B+20.3%
Gross profit$577.2M+25.5%
Operating income$10.5M-82.3%
Net income$19.5M-47.4%
EPS (diluted)$0.13-50.0%

Balance sheet

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Cash & equivalents$1.1B+16.8%
Total debt$1.6B-0.4%
Total equity$2.7B-3.1%
Total assets$5.9B+4.0%

Cash flow

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Operating cash flow$371.1M+6.2%
CapEx$45.4M-45.6%
Free cash flow$325.6M+22.5%

Valuation & ratios

Valuation

as of 11/01/25
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Market cap$26.79B+192%
Enterprise value$27.32B+177%
P/E217.2×+108×
P/S5.6×+3.3×

Profitability

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Gross margin42%-0.8pp
Operating margin4.1%0.0pp
Net margin2.6%+0.5pp
FCF margin13.9%—

Returns & leverage

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Return on equity4.4%+1.5pp
Debt / equity0.6×0.0×
Current ratio2.7×-0.8×

Segments

By segment

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Networking Platforms$1.0B+21.9%
Global Services$177.3M+24.9%
Platform Software and Services$93.4M-6.3%
Blue Planet Automation Software and Services$33.8M+44.0%

By product

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Optical Networking$929.2M+19.2%
Routing and Switching$118.4M+49.1%
Platform Software and Services$93.4M-6.3%
Blue Planet Automation Software and Services$33.8M+44.0%

By geography

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Americas$1.1B+23.6%
EMEA$196.4M+30.4%
APAC$102.3M-15.6%

FAQ

When did Ciena report Q4 2025 earnings?
Ciena (CIEN) reported Q4 2025 earnings on December 11, 2025 before market open.
What were Ciena's Q4 2025 revenue and EPS?
Ciena reported revenue of $1.4B and eps of $0.91 for Q4 2025.
Did Ciena beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.3B by $60.9M. EPS beat the consensus estimate of $0.78 by $0.13.
How did Ciena's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.3% from $1.1B a year earlier and eps grew 68.5% from $0.54.
Where can I find Ciena's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-056425) and the 10-K periodic report (0001628280-25-056698) directly on SEC EDGAR. The filing index links above go to sec.gov.