Investing
CapEx
Ciena CapEx increased by 62.6% to $73.89M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 174.8%, from $26.88M to $73.89M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 15.3% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.64M | $12.26M | $25.80M | $19.45M | $21.66M | $23.91M | $30.03M | $28.00M | $25.39M | $22.78M | $16.60M | $16.90M | $19.60M | $83.54M | $26.88M | $28.74M | $39.75M | $45.43M | $73.89M |
| QoQ Change | — | -21.6% | +110.5% | -24.6% | +11.4% | +10.4% | +25.6% | -6.7% | -9.3% | -10.3% | -27.1% | +1.8% | +16.0% | +326.3% | -67.8% | +6.9% | +38.3% | +14.3% | +62.6% |
| YoY Change | — | — | — | — | +38.5% | +95.0% | +16.4% | +44.0% | +17.2% | -4.7% | -44.7% | -39.6% | -22.8% | +266.8% | +62.0% | +70.0% | +102.8% | -45.6% | +174.8% |
Range$12.26M – $83.54M
CAGR+41.2%
Avg YoY Growth+48.7%
Median YoY Growth+38.5%
Current Streak4 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Ciena's capex?
- Ciena (CIEN) reported capex of $73.89M in Q4 2025.
- How has Ciena's capex changed year-over-year?
- Ciena's capex increased by 174.8% year-over-year, from $26.88M to $73.89M.
- What is the long-term trend for Ciena's capex?
- Over 4 years (2021 to 2025), Ciena's capex has grown at a 15.3% compound annual growth rate (CAGR), from $79.55M to $140.80M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.