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Ciena CIEN Services — Deferred Revenue

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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$60.62B+716%
Enterprise value$61.15B+668%
P/E138.3×+67.4×
P/S10.9×+9.1×

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:ContractWithCustomerLiability.

The official record: Ciena’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's services — deferred revenue?
Ciena (CIEN) reported services — deferred revenue of $308.84M in Q1 2026.
How has Ciena's services — deferred revenue changed year-over-year?
Ciena's services — deferred revenue increased by 13.0% year-over-year, from $273.42M to $308.84M.
What is the long-term trend for Ciena's services — deferred revenue?
Over 4 years (2021 to 2025), Ciena's services — deferred revenue has grown at a 9.0% compound annual growth rate (CAGR), from $699.39M to $986.48M.
What does services — deferred revenue mean?
This metric represents payments received from customers for service contracts and support agreements that have not yet been recognized as revenue because the services have not yet been performed. It serves as a leading indicator of future revenue and reflects the company's success in securing multi-year service commitments. A robust deferred revenue balance provides visibility into future cash flows and long-term customer loyalty.