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Ciena CIEN Operating margin

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21.5%

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$53.37B+307%
Enterprise value$53.9B+295%
P/E121.8×+28.8×
P/S9.6×+6.7×

Profitability

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Gross margin43%+1.1pp
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.

Based on trailing twelve months.

The source filing: Ciena’s 10-Q, filed June 4, 2026. Open the filing →

Filed
Jun 4, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-040767

FAQ

What is Ciena's operating margin?
Ciena (CIEN) reported operating margin of 9.2% in Q1 2026.
How has Ciena's operating margin changed year-over-year?
Ciena's operating margin increased by 96.3% year-over-year, from 4.7% to 9.2%.
What is the long-term trend for Ciena's operating margin?
Over 5 years (2020 to 2025), Ciena's operating margin has grown at a -21.4% compound annual growth rate (CAGR), from 13.8% to 4.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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