Ciena reports fiscal Q2 earnings beat, shares slide on guidance

Ciena raised its fiscal 2026 gross outlook to $6.3 billion, positive oregon minus $100 million, compared with anterior expectations of $6.18 billion.

For the 3rd quarter, the institution expects gross of $1.625 billion, positive oregon minus $50 million, with adjusted gross borderline astir 45%.

For fiscal Q2, the 4th ended May 2, Ciena posted adjusted net per stock of $1.64, compared with expert estimates of $1.46.

Revenue totaled $1.57 billion, versus expectations of astir $1.50 billion, and roseate astir 40% from the aforesaid play a twelvemonth earlier.

Adjusted gross borderline was 44.9%, up from 41.0% successful the prior-year quarter.

Segment results were led by Optical Networking, which generated $1.1 cardinal successful gross compared with $773.6 cardinal a twelvemonth earlier. Routing and Switching gross accrued to $174.2 million.

"Today's results bespeak the spot of our portfolio, the powerfulness of our concern model, and disciplined execution successful a dynamic proviso environment," Ciena CEO Gary Smith said successful a statement.

"Our semipermanent strategy to beryllium the planetary person successful high-speed connectivity - some crossed the WAN and successful and astir the information halfway - is tightly aligned to the structural, multi-year opportunities created by AI-driven demand, positioning america to capitalize connected marketplace dynamics and thrust sustained, profitable growth."