What is Ciena's work in process?

Ciena (CIEN) reported work in process of $40.19M in Q1 2026.

How has Ciena's work in process changed year-over-year?

Ciena's work in process increased by 13.8% year-over-year, from $35.32M to $40.19M.

What is the long-term trend for Ciena's work in process?

Over 5 years (2020 to 2025), Ciena's work in process has grown at a 20.6% compound annual growth rate (CAGR), from $13.74M to $35.05M.

Ciena CIEN Work in process

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ROP

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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+70.6%

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

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:InventoryWorkInProcess.

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 work in process?: Ciena (CIEN) reported work in process of $40.19M in Q1 2026.
How has Ciena's work in process changed year-over-year?: Ciena's work in process increased by 13.8% year-over-year, from $35.32M to $40.19M.
What is the long-term trend for Ciena's work in process?: Over 5 years (2020 to 2025), Ciena's work in process has grown at a 20.6% compound annual growth rate (CAGR), from $13.74M to $35.05M.