Ciena reported fiscal second-quarter revenue of $1.57 billion, up 39.5% from $1.13 billion a year earlier.
Net income per diluted share rose to $1.49 from $0.06 in the same quarter last year. On an adjusted basis, earnings per share climbed to $1.64 from $0.42, a 290% increase.
Gross margin widened to 44.0% from 40.2% on a GAAP basis, while adjusted gross margin increased to 44.9% from 41.0%.
Operating expense increased to $453.7 million from $420.0 million under GAAP, and to $397.8 million from $369.5 million on an adjusted basis.
Operating margin expanded sharply to 15.1% from 2.9% on a GAAP basis, and to 19.5% from 8.2% on an adjusted basis.
EBITDA jumped to $283.1 million from $66.7 million under GAAP, and to $341.8 million from $116.7 million on an adjusted basis.
For fiscal third quarter 2026, Ciena guided to revenue of $1.625 billion, plus or minus $50 million. For the full fiscal year 2026, the company raised its revenue outlook to $6.3 billion, plus or minus $100 million, which is 32% higher at the midpoint than the prior year. The market has reacted to these announcements by moving the company's shares -13.52% to a price of $536.52. For the full picture, make sure to review CIENA CORP's 8-K report.
