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Ciena CIEN Free cash flow

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Other financials

Income statement

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Revenue$1.7B+37.0%
Gross profit$759.3M+50.9%
Operating income$301.2M+310%
Net income$266.4M+430%
EPS (diluted)$1.83+423%

Balance sheet

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Cash & equivalents$2.4B+132%
Total debt$3.3B+107%
Total equity$3.1B+9.7%
Total assets$8.0B+39.1%

Cash flow

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Operating cash flow$196.3M+12.6%
CapEx$80.0M+101%

Valuation

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Market cap$49.89B+133%
Enterprise value$50.73B+131%
P/E76.2×-76.0×
P/S8.3×+3.6×

Profitability

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Gross margin44.1%+2.5pp
Operating margin12.3%+6.9pp
Net margin10.9%+7.8pp
FCF margin13.5%+0.2pp

Returns & leverage

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Return on equity22.4%+17.4pp
Debt / equity1.1×+0.5×
Current ratio3.8×+0.5×

Where this comes from

Calculated from Ciena’s reported figures.

The source filing: Ciena’s 10-Q, filed September 3, 2026. Open the filing →

Filed
Sep 3, 2026, 3:57 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001628280-26-060361

FAQ

What is Ciena's free cash flow?
Ciena (CIEN) reported free cash flow of $116.3M in Q2 2026.
How has Ciena's free cash flow changed year-over-year?
Ciena's free cash flow decreased by 13.6% year-over-year, from $134.6M to $116.3M.
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.

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