Ciena Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 1, 2025 · FY), Ciena Corp reported revenue of $4.8B (+18.8% year on year) and net income of $123.3M (+46.9% year on year).
| Line item | Nov 1, 2025 · FY | Nov 2, 2024 · FY | Oct 28, 2023 · FY | Oct 29, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $4.8B | $4.0B | $4.4B | $3.6B |
| Total cost of goods sold | $2.8B | $2.3B | $2.5B | $2.1B |
| Gross profit | $2.0B | $1.7B | $1.9B | $1.6B |
| Research and development | $848.3M | $767.5M | $750.6M | $624.7M |
| Selling and marketing | $581.3M | $510.7M | $490.8M | $466.6M |
| General and administrative | $238.7M | $220.6M | $215.3M | $179.4M |
| Significant asset impairments and restructuring costs | $112.1M | $24.6M | $23.8M | $33.8M |
| Amortization of intangible assets | $25.8M | $29.6M | $37.4M | $32.5M |
| Acquisition and integration costs | $1.1M | $0 | $3.5M | $598.0K |
| Total operating expenses | $1.8B | $1.6B | $1.5B | $1.3B |
| Income from operations | $197.5M | $166.6M | $357.5M | $222.8M |
| Interest and other income, net | $48.9M | $50.3M | $62.0M | $6.7M |
| Interest expense | ($89.4M) | ($97.0M) | ($88.0M) | ($47.0M) |
| Loss on extinguishment and modification of debt | ($729.0K) | $0 | ($7.9M) | $0 |
| Income before income taxes | $156.3M | $119.8M | $323.7M | $182.5M |
| Provision for income taxes | $32.9M | $35.9M | $68.8M | $29.6M |
| Net income | $123.3M | $84.0M | $254.8M | $152.9M |
| Basic net income per common share (in dollars per share) | $0.87 | $0.58 | $1.71 | $1.01 |
| Diluted net income per potential common share (in dollars per share) | $0.85 | $0.58 | $1.71 | $1.00 |
| Weighted average basic common shares outstanding (in shares) | 142.2M | 144.7M | 149.0M | 151.2M |
| Weighted average diluted potential common shares outstanding (in shares) | 145.2M | 146.0M | 149.4M | 152.2M |
| Line item | Aug 1, 2026 · Q4 | May 2, 2026 · Q3 | Jan 31, 2026 · Q1 | Aug 2, 2025 · Q3 |
|---|---|---|---|---|
| Total revenue | $1.7B | $1.6B | $1.4B | $1.2B |
| Total cost of goods sold | $911.9M | $879.2M | $801.5M | $716.3M |
| Gross profit | $759.3M | $691.6M | $625.5M | $503.1M |
| Research and development | $236.7M | $237.9M | $221.5M | $211.9M |
| Selling and marketing | $154.0M | $150.0M | $148.9M | $148.7M |
| General and administrative | $62.8M | $61.2M | $59.2M | $60.6M |
| Significant asset impairments and restructuring costs | $887.0K | $805.0K | $1.5M | $1.8M |
| Amortization of intangible assets | $3.7M | $3.7M | $4.7M | $6.6M |
| Acquisition and integration costs | $0 | $0 | $306.0K | — |
| Total operating expenses | $458.1M | $453.7M | $436.1M | $429.5M |
| Income from operations | $301.2M | $237.9M | $189.4M | $73.5M |
| Interest and other income, net | $22.4M | $14.1M | $13.0M | $15.1M |
| Interest expense | ($5.8M) | ($20.9M) | ($21.3M) | ($22.8M) |
| Loss on extinguishment and modification of debt | ($7.1M) | $0 | $0 | $0 |
| Income before income taxes | $310.6M | $231.1M | $181.1M | $65.8M |
| Provision for income taxes | $44.2M | $12.8M | $30.8M | $15.5M |
| Net income | $266.4M | $218.2M | $150.3M | $50.3M |
| Basic net income per common share (in dollars per share) | $1.88 | $1.54 | $1.06 | $0.35 |
| Diluted net income per potential common share (in dollars per share) | $1.83 | $1.49 | $1.03 | $0.35 |
| Weighted average basic common shares outstanding (in shares) | 142.1M | 141.9M | 141.7M | 141.8M |
| Weighted average dilutive potential common shares outstanding (in shares) | 146.0M | 146.3M | 145.8M | 144.5M |
| Line item | Nov 1, 2025 · FY | Nov 2, 2024 · FY | Oct 28, 2023 · FY | Oct 29, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $934.9M | $1.0B | $994.4M |
| Short-term investments | $216.1M | $316.3M | $104.8M | $154.0M |
| Accounts receivable, net | $975.9M | $908.6M | $1.0B | $920.8M |
| Inventories, net | $826.2M | $820.4M | $1.1B | $946.7M |
| Prepaid expenses and other | $455.3M | $564.2M | $405.7M | $370.1M |
| Total current assets | $3.6B | $3.5B | $3.6B | $3.4B |
| Long-term investments | $57.1M | $80.9M | $134.3M | $35.4M |
| Equipment, building, furniture and fixtures, net | $386.8M | $337.7M | $280.1M | $267.8M |
| Operating lease right-of-use assets | $38.6M | $27.4M | $35.1M | $45.1M |
| Goodwill | $521.2M | $444.7M | $444.8M | $328.3M |
| Other intangible assets, net | $224.2M | $165.0M | $205.6M | $69.5M |
| Deferred tax asset, net | $884.9M | $886.4M | $809.3M | $824.0M |
| Other long-term assets | $186.3M | $154.7M | $116.5M | $113.6M |
| Total assets | $5.9B | $5.6B | $5.6B | $5.1B |
| Accounts payable | $542.8M | $423.4M | $317.8M | $516.0M |
| Accrued liabilities and other short-term obligations | $531.1M | $393.9M | $431.4M | $360.8M |
| Deferred revenue | $208.9M | $156.4M | $154.4M | $137.9M |
| Operating lease liabilities | $14.0M | $14.5M | $16.7M | $18.9M |
| Current portion of long-term debt | $11.6M | $11.7M | $11.7M | $6.9M |
| Total current liabilities | $1.3B | $999.8M | $932.0M | $1.0B |
| Long-term deferred revenue | $94.8M | $81.2M | $74.0M | $62.3M |
| Other long-term obligations | $175.4M | $185.9M | $170.4M | $150.3M |
| Long-term operating lease liabilities | $32.5M | $25.1M | $33.3M | $42.4M |
| Long-term debt, net | $1.5B | $1.5B | $1.5B | $1.1B |
| Total liabilities | $3.1B | $2.8B | $2.8B | $2.4B |
| Preferred stock — par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock — par value $0.01; 290,000,000 shares authorized; 141,016,300 and 142,656,116 shares issued and outstanding | 1.4M | 1.4M | 1.4M | 1.5M |
| Additional paid-in capital | $6.0B | $6.2B | $6.3B | $6.4B |
| Accumulated other comprehensive loss | ($55.0M) | ($46.7M) | ($37.8M) | ($46.6M) |
| Accumulated deficit | ($3.2B) | ($3.3B) | ($3.4B) | ($3.6B) |
| Total stockholders’ equity | $2.7B | $2.8B | $2.8B | $2.7B |
| Total liabilities and stockholders’ equity | $5.9B | $5.6B | $5.6B | $5.1B |
| Line item | Aug 1, 2026 | May 2, 2026 | Jan 31, 2026 | Aug 2, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.4B | $1.0B | $1.1B | $1.1B |
| Short-term investments | $184.3M | $157.7M | $176.3M | $270.4M |
| Accounts receivable, net of allowance for credit losses of $9.6 million and $11.2 million as of August 1, 2026 and November 1, 2025, respectively | $1.2B | $1.1B | $967.4M | $1.0B |
| Inventories, net | $872.0M | $808.4M | $845.8M | $860.4M |
| Prepaid expenses and other | $527.0M | $504.3M | $427.9M | $473.9M |
| Total current assets | $5.3B | $3.6B | $3.5B | $3.7B |
| Long-term investments | $213.6M | $200.1M | $69.9M | $64.4M |
| Equipment, building, furniture and fixtures, net | $491.7M | $445.1M | $437.8M | $368.3M |
| Operating right-of-use assets | $45.7M | $38.5M | $40.5M | $40.3M |
| Goodwill | $513.3M | $520.4M | $521.7M | $444.8M |
| Other intangible assets, net | $188.8M | $202.2M | $212.7M | $138.7M |
| Deferred tax asset, net | $1.1B | $874.0M | $878.0M | $851.9M |
| Other long-term assets | $188.9M | $191.1M | $190.9M | $154.1M |
| Total assets | $8.0B | $6.0B | $5.9B | $5.7B |
| Accounts payable | $654.1M | $606.6M | $547.2M | $464.7M |
| Accrued liabilities and other short-term obligations | $508.1M | $439.6M | $395.9M | $436.3M |
| Deferred revenue | $211.5M | $238.4M | $290.4M | $196.2M |
| Operating lease liabilities | $12.3M | $12.4M | $13.3M | $14.7M |
| Current portion of long-term debt | $0 | $11.6M | $11.6M | $11.6M |
| Total current liabilities | $1.4B | $1.3B | $1.3B | $1.1B |
| Long-term deferred revenue | $99.8M | $102.1M | $100.5M | $81.1M |
| Other long-term obligations | $186.3M | $185.0M | $182.3M | $196.0M |
| Long-term operating lease liabilities | $38.6M | $32.0M | $34.1M | $34.5M |
| Long-term debt, net | $3.2B | $1.5B | $1.5B | $1.5B |
| Total liabilities | $4.9B | $3.1B | $3.1B | $3.0B |
| Preferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock – par value $0.01; 290,000,000 shares authorized; 141,897,511 and 141,016,300 shares issued and outstanding | 1.4M | 1.4M | 1.4M | 1.4M |
| Additional paid-in capital | $5.7B | $5.7B | $5.8B | $6.0B |
| Accumulated other comprehensive loss | ($65.0M) | ($40.1M) | ($38.7M) | ($44.8M) |
| Accumulated deficit | ($2.5B) | ($2.8B) | ($3.0B) | ($3.2B) |
| Total stockholders’ equity | $3.1B | $2.9B | $2.8B | $2.8B |
| Total liabilities and stockholders’ equity | $8.0B | $6.0B | $5.9B | $5.7B |
| Line item | Nov 1, 2025 · FY | Nov 2, 2024 · FY | Oct 28, 2023 · FY | Oct 29, 2022 · FY |
|---|---|---|---|---|
| Net income | $123.3M | $84.0M | $254.8M | $152.9M |
| Loss on extinguishment of debt | $0 | $0 | $1.9M | — |
| Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements | $104.1M | $92.8M | $92.6M | $95.9M |
| Impairment of intangible assets, finite-lived | $89.1M | — | — | — |
| Share-based compensation costs | $184.5M | $156.4M | $130.5M | $105.1M |
| Amortization of intangible assets | $36.2M | $40.6M | $49.6M | $44.3M |
| Deferred taxes | ($23.2M) | ($76.8M) | ($14.9M) | ($27.5M) |
| Provision for inventory excess and obsolescence | $48.4M | $77.3M | $29.5M | $16.2M |
| Provision for warranty | $24.4M | $25.6M | $31.7M | $17.4M |
| Gain on equity investments, net | $0 | $0 | ($26.4M) | — |
| Other | ($736.0K) | $11.8M | $15.8M | $0 |
| Accounts receivable | ($98.7M) | $80.3M | ($94.6M) | ($47.1M) |
| Inventories | ($53.6M) | $153.0M | ($132.5M) | ($589.1M) |
| Prepaid expenses and other | $86.2M | ($198.9M) | ($52.0M) | ($59.0M) |
| Operating lease right-of-use assets | $11.6M | $11.8M | $14.2M | $16.5M |
| Accounts payable, accruals and other obligations | $226.5M | $64.3M | ($138.5M) | $100.3M |
| Deferred revenue | $63.8M | $9.9M | $27.4M | $26.4M |
| Short and long-term operating lease liabilities | ($15.9M) | ($17.6M) | ($20.9M) | ($20.1M) |
| Net cash provided by operating activities | $806.1M | $514.5M | $168.3M | ($167.8M) |
| Payments for equipment, furniture, fixtures and intellectual property | ($140.8M) | ($136.6M) | ($106.2M) | ($90.8M) |
| Purchases of investments | ($214.2M) | ($287.5M) | ($252.3M) | ($644.0M) |
| Proceeds from sales and maturities of investments | $348.6M | $140.8M | $208.1M | $698.6M |
| Purchase of equity investment | $0 | ($21.7M) | — | — |
| Settlement of foreign currency forward contracts, net | ($4.0M) | ($1.5M) | ($3.0M) | $4.9M |
| Acquisition of businesses, net of cash acquired | ($231.1M) | $0 | ($230.0M) | ($62.0M) |
| Net cash used in investing activities | ($241.5M) | ($306.5M) | ($383.5M) | ($101.2M) |
| Proceeds from issuance of term loan, net | $0 | $0 | $497.5M | — |
| Payment of long-term debt | ($11.6M) | ($11.7M) | ($9.4M) | ($5.2M) |
| Proceeds from modification of debt, net | $19.2M | $0 | $830.0K | — |
| Cash paid for extinguishment of debt | ($19.2M) | — | — | — |
| Payment of debt issuance costs | ($12.0K) | ($2.6M) | ($6.4M) | ($5.5M) |
| Payment of finance lease obligations | ($4.4M) | ($4.0M) | ($3.8M) | ($3.5M) |
| Shares repurchased for tax withholdings on vesting of stock unit awards | -91.3M | -46.6M | -38.5M | -48.5M |
| Repurchases of common stock - repurchase program, net | ($334.5M) | ($254.5M) | ($242.2M) | ($500.8M) |
| Proceeds from issuance of common stock | $35.9M | $34.3M | $31.4M | $30.3M |
| Net cash provided by (used in) financing activities | ($405.9M) | ($285.1M) | $229.4M | ($133.1M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($1.5M) | $1.2M | $2.1M | ($26.2M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $157.2M | ($75.8M) | $16.4M | ($428.2M) |
| Cash, cash equivalents and restricted cash at beginning of fiscal year | $935.0M | $1.0B | $994.4M | $1.4B |
| Cash, cash equivalents and restricted cash at end of fiscal year | $1.1B | $935.0M | $1.0B | $994.4M |
| Cash paid during the fiscal year for interest, net | $85.2M | $92.5M | $84.5M | $42.8M |
| Cash paid during the fiscal year for income taxes, net | $113.6M | $55.0M | $78.2M | $35.0M |
| Operating lease payments | $17.8M | $19.5M | $22.8M | $21.7M |
| Purchase of equipment in accounts payable | $17.4M | $14.7M | $7.0M | $12.4M |
| Repurchase of common stock in accrued liabilities from repurchase program, net | $2.6M | $6.2M | $9.3M | $0 |
| Line item | Aug 1, 2026 · YTD | May 2, 2026 · YTD | Jan 31, 2026 · Q1 | Aug 2, 2025 · YTD |
|---|---|---|---|---|
| Net income | $634.9M | $368.5M | $150.3M | $103.8M |
| Loss on extinguishment of debt | $7.1M | — | — | — |
| Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements | $102.3M | $67.0M | $32.3M | $76.6M |
| Share-based compensation expense | $163.2M | $105.3M | $49.8M | $135.7M |
| Amortization of intangible assets | $35.4M | $22.0M | $11.5M | $26.3M |
| Deferred taxes | $49.3M | ($10.6M) | ($7.0M) | ($21.7M) |
| Provision for inventory excess and obsolescence | $72.4M | $42.5M | $21.8M | $34.2M |
| Provision for warranty | $30.1M | $16.7M | $8.2M | $16.3M |
| Other | ($724.0K) | $603.0K | ($1.5M) | ($1.8M) |
| Accounts receivable | ($251.5M) | ($71.6M) | $9.4M | ($116.9M) |
| Inventories | ($118.3M) | ($24.7M) | ($41.2M) | ($73.5M) |
| Prepaid expenses and other | ($111.6M) | ($34.0M) | $40.0M | $137.4M |
| Operating lease right-of-use assets | $8.0M | $5.3M | $2.9M | $8.8M |
| Accounts payable, accruals and other obligations | $67.0M | ($27.9M) | ($130.9M) | $83.4M |
| Deferred revenue | $6.8M | $35.4M | $86.0M | $38.2M |
| Short- and long-term operating lease liabilities | ($10.6M) | ($7.3M) | ($3.9M) | ($11.9M) |
| Net cash provided by operating activities | $683.6M | $487.3M | $227.6M | $435.0M |
| Payments for equipment, furniture and fixtures | ($194.9M) | ($114.9M) | ($73.9M) | ($95.4M) |
| Purchases of investments | ($325.6M) | ($226.7M) | ($39.9M) | ($191.3M) |
| Proceeds from sales and maturities of investments | $203.1M | $143.9M | $68.9M | $261.6M |
| Settlement of foreign currency forward contracts, net | $2.3M | ($31.0K) | $1.0M | ($2.6M) |
| Net cash used in investing activities | ($315.2M) | ($197.8M) | ($43.9M) | ($27.7M) |
| Proceeds from modification of debt, net | $0 | $0 | $0 | $19.2M |
| Cash paid for extinguishment of debt | ($1.1B) | $0 | $0 | ($19.2M) |
| Payment of long-term debt | ($5.8M) | ($5.8M) | $0 | ($8.7M) |
| Payment for convertible bond hedge | ($988.4M) | — | — | — |
| Proceeds from sale of warrants | $873.4M | — | — | — |
| Proceeds from issuance of convertible notes | $2.9B | — | — | — |
| Payment of debt issuance costs | ($43.6M) | $0 | $0 | ($12.0K) |
| Payment of finance lease obligations | ($3.6M) | ($2.4M) | ($1.2M) | ($3.2M) |
| Shares repurchased for tax withholdings on vesting of stock unit awards | -278.3M | -179.4M | -90.1M | -60.0M |
| Repurchases of common stock - repurchase program, net | ($337.9M) | ($164.9M) | ($80.5M) | ($250.0M) |
| Proceeds from issuance of common stock | $38.0M | $17.2M | $17.2M | $35.9M |
| Net cash provided by (used in) financing activities | $987.9M | ($335.3M) | ($154.5M) | ($286.1M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($2.6M) | ($1.1M) | $2.2M | $60.0K |
| Net increase in cash, cash equivalents and restricted cash | $1.4B | ($46.8M) | $31.5M | $121.2M |
| Cash, cash equivalents and restricted cash at beginning of period | $1.1B | $1.1B | $1.1B | $935.0M |
| Cash, cash equivalents and restricted cash at end of period | $2.4B | $1.0B | $1.1B | $1.1B |
| Cash paid during the period for interest, net | $58.7M | $41.0M | $16.9M | $68.2M |
| Cash paid during the period for income taxes, net | $84.6M | $48.8M | $10.7M | $84.9M |
| Operating lease payments | $12.4M | $8.4M | $4.5M | $13.2M |
| Purchase of equipment in accounts payable | $25.0M | $13.0M | $14.9M | $14.8M |
| Repurchase of common stock in accrued liabilities from repurchase program, net | $0 | $1.3M | $2.6M | $2.2M |
| Operating right-of-use assets subject to lease liability | $16.1M | $6.0M | $4.9M | $21.9M |
Ciena Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.