Q3 FY26 · Ended Aug 1, 2026 · View SEC filing
One quarter out-earned the whole prior fiscal year
Gross profit grew 50.9% while operating costs rose 6.6%, so most extra gross profit reached operating income.
For investorsWhat has to hold for an 18% operating margin to last?
For foundersOne core technology, many products: the playbook
Securing scarce components ties up cash: free cash flow fell to $116.3M as net income rose to $266.4M.
The filing credits cost cuts, pricing, mix and tariff refunds, and a refund does not recur like a cost cut.
Its coherent modem technology runs through line systems, data center links and pluggables, so one research budget serves many buyers.
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Business Lens describes Ciena from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
