What is Ciena's change in inventories?

Ciena (CIEN) reported change in inventories of $41.23M in Q4 2025.

How has Ciena's change in inventories changed year-over-year?

Ciena's change in inventories increased by 15.0% year-over-year, from $35.84M to $41.23M.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Ciena CIEN Change in Inventories

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Other financials

Income statement

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Revenue$1.6B+39.5%

Gross profit$691.6M+52.7%

Operating income$237.9M+624%

Net income$218.2M+2,333%

EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%

Total debt$1.6B-0.8%

Total equity$2.9B+4.2%

Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%

CapEx$41.0M+42.8%

Free cash flow$218.7M+70.5%

Valuation

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Market cap$69.44B+503%

Enterprise value$69.97B+475%

P/E158.4×+48.5×

P/S12.5×+9.8×

Profitability

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Gross margin43%+1.1pp

Operating margin9.2%+4.5pp

Net margin7.9%+5.4pp

FCF margin15%—

Returns & leverage

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Return on equity15.5%+11.8pp

Debt / equity0.5×0.0×

Current ratio2.7×-0.7×

Where this comes from

Reported directly by Ciena in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Ciena’s 10-Q, filed March 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's change in inventories?: Ciena (CIEN) reported change in inventories of $41.23M in Q4 2025.
How has Ciena's change in inventories changed year-over-year?: Ciena's change in inventories increased by 15.0% year-over-year, from $35.84M to $41.23M.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.