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12:30
Sep 03 ◎

CIEN FY2026 Q3 Watch

Ciena Corporation (CIEN) FY2026 Q3 Earnings Call

CSCO CIEN ▾

Gary Smith

Management successfully negotiated price increases of high single digits to high teens/low 20s, which will selectively hit backlog, and is restructuring commercial terms to align demand with supply capacity. — Pricing power is a strong indicator of market tightness and is a key driver margin expansion to record levels.

"Cisco talking about 14x the port count versus traditional DCI and some pretty spectacular comments from Lumensum as well."

CSCO WATCH

Marc Graff

Guidance is exceptionally strong, with FY27 revenue guided to grow at least 30% and operating margins expanding to 25-27%, driven by unprecedented AI demand and supply constraints as the primary limitation.

"we expect to deliver another record year with revenue growing a minimum of 30% year-on-year yielding at least $8.3 to $8.4 billion in revenue with supply-driven upsides."

CIEN WATCH

HIGH

12:30
Jun 04 ◎

CIEN FY2026 Q2 Watch

Ciena Corporation (CIEN) FY2026 Q2 Earnings Call

CIEN ▾

Mark Graff

Management raised full-year guidance (revenue, gross margin, operating margin), citing strong demand, robust backlog, and supply chain execution, signaling sustained growth and profitability.

"Based on our first half performance and continued ability to manage through a supply-constrained environment, we are once again in a position to raise our guidance for fiscal 26."

CIEN WATCH

HIGH

13:30
Mar 05 ◎

CIEN FY2026 Q1 Watch

Ciena Corporation (CIEN) FY2026 Q1 Earnings Call

CMI MSFT GOOGL META ▾

Mark Graff

Backlog has surged by ~$2 billion in one quarter to ~$7 billion, and nearly all new orders are now for fiscal 2027 fulfillment, suggesting supply is the constraint, not demand. — Record backlog indicates strong future revenue visibility. Yet, it also highlights supply chain constraints and potential component vendors exerting pricing power.

"backlog has increased by approximately $2 billion this quarter to exit Q1 at approximately $7 billion."

CMI WATCH

Gary Smith

Ciena's data center out-of-band management (DCOM) solution, developed with Meta, is now in technical discussions with two other major global hyperscalers. — Expansion of DCOM with additional hyperscalers signals Ciena's penetration deeper into the data center and a growing revenue stream beyond WAN.

"We continue to work with them and are engaged in technical discussions with two other major global hyperscalers."

MSFT WATCH GOOGL WATCH META WATCH

HIGH

05:00
Dec 11 ◎

CIEN FY2025 Q4 Watch

Ciena Corporation (CIEN) FY2025 Q4 Earnings Call

T GLW META CIEN ▾

Mark Graff

AT&T is identified as one of the three 10% customers for the quarter, underscoring its importance as a key service provider customer.

"One was AT&T. You'll see that in the cave."

T WATCH

Gary Smith

Corning is a key fiber supplier whose tight relationship with cloud and service providers is critical to supporting the massive network buildout for AI infrastructure.

"the relationship with the fiber providers, people at Corning, et cetera, is very tight amongst the cloud players and the service providers"

GLW WATCH

Gary Smith

Meta is expanding its deployment of Ciena's DCOM solution to multiple new data centers, indicating a deepening and expanding customer relationship and growing revenue stream.

"our DCOM business with Meta has expanded as they plan to deploy in multiple new data centers"

META WATCH

Gary Smith

Management's tone is extremely bullish, raising FY2026 revenue guidance significantly (24% growth vs. previous 17%), citing record backlog, accelerating AI-driven demand from cloud providers, and success in new data center opportunities. They expect operating margins of 17%+, up from previous expectations.

"we have absolute conviction that the positive market dynamics and our technology leadership provides us with increasing confidence that the durability of demand and our business and financial trajectory are very strong"

CIEN WATCH

HIGH

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