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Ciena CIEN Free cash flow

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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%

Valuation

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Market cap$68.61B+551%
Enterprise value$69.14B+519%
P/E156.5×+56.0×
P/S12.3×+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

Calculated from Ciena’s reported figures.

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 free cash flow?
Ciena (CIEN) reported free cash flow of $218.65M in Q1 2026.
How has Ciena's free cash flow changed year-over-year?
Ciena's free cash flow increased by 70.5% year-over-year, from $128.21M to $218.65M.
What is the long-term trend for Ciena's free cash flow?
Over 3 years (2021 to 2025), Ciena's free cash flow has grown at a 12.9% compound annual growth rate (CAGR), from $462.1M to $665.29M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.