Ciena Corporation (CIEN) Income Statement
CIEN FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsCIEN revenue and net income
Where CIEN's revenue goes
FY2025Each bar shows an amount and its share of revenue. CIEN kept 2.6% of revenue as net income.
CIEN profit margins
CIEN growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.8% | +9.5% | +6.2% | +6.9% |
| Gross profit | +16.6% | +8.7% | +3.9% | +6.4% |
| Operating income | +62.5% | +6.5% | −8.6% | +12.0% |
| Net income | +46.9% | −6.9% | −19.3% | +26.6% |
| EPS (diluted) | +49.1% | −5.3% | −22.0% | −3.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CIEN quarterly EPS vs estimates
Ciena beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: December 10, 2026 (estimate $1.77).
CIEN income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.77B | $4.01B | $4.39B | $3.63B | $3.62B | $3.53B | $3.57B | $3.09B | $2.80B | $2.60B |
| Cost of revenue | $2.76B | $2.30B | $2.51B | $2.07B | $1.90B | $1.88B | $2.03B | $1.78B | $1.56B | $1.44B |
| Gross profit | $2.00B | $1.72B | $1.88B | $1.56B | $1.72B | $1.65B | $1.54B | $1.31B | $1.25B | $1.16B |
| Research & development | $848.3M | $767.5M | $750.6M | $624.7M | $536.7M | $529.9M | $548.1M | $491.6M | $475.3M | $451.8M |
| Sales, general & admin | $820.0M | $731.3M | $706.1M | $645.9M | $634.1M | $586.0M | $597.4M | $554.2M | $498.8M | $482.6M |
| Total operating expenses | $1.69B | $1.53B | $1.49B | $1.30B | $1.23B | $1.17B | $1.20B | $1.08B | $1.03B | $1.01B |
| Operating income | $310.8M | $191.2M | $384.9M | $257.2M | $495.4M | $487.0M | $346.8M | $229.9M | $214.7M | $156.2M |
| Interest income | $55.0M | $62.1M | $62.0M | $6.7M | $2.1M | $6.9M | $14.4M | $13.7M | $6.6M | $4.1M |
| Interest expense | $91.8M | $98.6M | $93.1M | $53.0M | $31.4M | $31.3M | $37.5M | $55.2M | $55.9M | $56.7M |
| Income before taxes | $156.3M | $119.8M | $323.7M | $182.5M | $462.8M | $456.0M | $313.2M | $148.8M | $156.1M | $86.7M |
| Income taxes | $32.9M | $35.9M | $68.8M | $29.6M | −$37.4M | $94.7M | $59.8M | $493.5M | −$1.11B | $14.1M |
| Net income | $123.3M | $84.0M | $254.8M | $152.9M | $500.2M | $361.3M | $253.4M | −$344.7M | $1.26B | $72.6M |
| EBITDA | $388.4M | $351.9M | $558.9M | $375.7M | $626.4M | $619.8M | $473.4M | $314.1M | $334.9M | $285.1M |
| EPS (diluted) | $0.85 | $0.57 | $1.71 | $1.00 | $3.36 | $2.94 | $2.10 | $1.39 | $1.68 | $1.38 |
| Gross margin | 42.0% | 42.8% | 42.8% | 43.0% | 47.6% | 46.8% | 43.2% | 42.5% | 44.5% | 44.7% |
| Operating margin | 6.5% | 4.8% | 8.8% | 7.1% | 13.7% | 13.8% | 9.7% | 7.4% | 7.7% | 6.0% |
| Net margin | 2.6% | 2.1% | 5.8% | 4.2% | 13.8% | 10.2% | 7.1% | −11.1% | 45.0% | 2.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.57B | $1.43B | $1.35B | $1.22B | $1.13B | $1.07B | $1.12B | $942.3M | $942.3M | $1.04B | $1.13B |
| Cost of revenue | $911.9M | $879.2M | $801.5M | $774.8M | $716.3M | $673.0M | $600.4M | $664.1M | $538.4M | $538.4M | $570.7M | $643.2M |
| Gross profit | $759.3M | $691.6M | $625.5M | $577.2M | $503.1M | $452.8M | $471.8M | $460.0M | $403.9M | $403.9M | $467.0M | $486.3M |
| Research & development | $236.7M | $237.9M | $221.5M | $228.9M | $211.9M | $214.9M | $192.7M | $196.0M | $188.9M | $188.9M | $187.3M | $189.4M |
| Sales, general & admin | $216.8M | $211.3M | $208.1M | $223.7M | $209.3M | $196.6M | $190.4M | $195.1M | $179.8M | $179.8M | $182.8M | $187.7M |
| Total operating expenses | $458.1M | $453.7M | $434.3M | $458.7M | $427.8M | $418.0M | $389.6M | $400.8M | $377.2M | $377.2M | $382.3M | $395.0M |
| Operating income | $301.2M | $237.9M | $191.2M | $118.5M | $75.3M | $34.8M | $82.2M | $59.2M | $26.7M | $26.7M | $84.6M | $91.3M |
| Interest income | $23.3M | $13.1M | $16.7M | $11.7M | $16.2M | $13.4M | $13.7M | $15.8M | $15.9M | $15.3M | $15.2M | $11.3M |
| Interest expense | $5.8M | $20.9M | $21.3M | $22.0M | $22.8M | $23.6M | $23.4M | $25.4M | $25.2M | $25.2M | $23.8M | $24.2M |
| Income before taxes | $310.6M | $231.1M | $181.1M | $2.9M | $65.8M | $19.0M | $68.6M | $48.0M | $16.4M | $16.4M | $71.5M | $70.5M |
| Income taxes | $44.2M | $12.8M | $30.8M | −$16.6M | $15.5M | $10.0M | $24.0M | $11.0M | $2.1M | $2.1M | $22.0M | −$20.7M |
| Net income | $266.4M | $218.2M | $150.3M | $19.5M | $50.3M | $9.0M | $44.6M | $37.0M | $14.2M | −$16.8M | $49.5M | $91.2M |
| EBITDA | $365.1M | $298.1M | $246.2M | $62.2M | $124.3M | $76.4M | $125.5M | $107.2M | $74.5M | $74.5M | $128.1M | $131.4M |
| EPS (diluted) | $1.91 | $1.64 | $1.03 | $0.13 | $0.35 | $0.06 | $0.31 | $0.25 | $0.10 | −$0.12 | $0.34 | $0.62 |
| Gross margin | 45.4% | 44.0% | 43.8% | 42.7% | 41.3% | 40.2% | 44.0% | 40.9% | 42.9% | 42.9% | 45.0% | 43.1% |
| Operating margin | 18.0% | 15.1% | 13.4% | 8.8% | 6.2% | 3.1% | 7.7% | 5.3% | 2.8% | 2.8% | 8.2% | 8.1% |
| Net margin | 15.9% | 13.9% | 10.5% | 1.4% | 4.1% | 0.8% | 4.2% | 3.3% | 1.5% | −1.8% | 4.8% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CIEN's financial statements (latest annual report filed December 12, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CIEN financial results
In fiscal year 2025 (ended October 31, 2025), Ciena reported revenue of $4.8 billion, up 18.8% from the year before. It had net income of $123.3 million (up 46.9%), a net profit margin of 2.6%. Diluted earnings per share came to $0.85. Over five years revenue grew at an average rate of 6.2% a year.
See the CIEN stock overview for the latest quote and news, or the CIEN chart for price history and technical indicators.
CIEN income statement FAQ
What is Ciena's annual revenue?
Ciena reported total revenue of $4.8 billion for fiscal year 2025, which ended on October 31, 2025. That was up 18.8% from $4.0 billion the previous year.
Is Ciena profitable?
Yes. Ciena reported net income of $123.3 million in fiscal 2025, a net profit margin of 2.6%; its operating margin was 6.5%.
What is Ciena's gross margin?
Ciena's gross margin was 42.0% in fiscal 2025: for every $100 of revenue, Ciena kept $42 after the direct cost of its products and services.
How much does Ciena spend on research and development?
Ciena spent $848.3 million on research and development in fiscal 2025, 17.8% of revenue.
How fast is Ciena growing?
Revenue grew 6.2% a year on average over the last five fiscal years, from $3.5 billion to $4.8 billion.
What are Ciena's earnings per share?
Ciena earned $0.85 per diluted share in fiscal 2025, compared with $0.57 a year earlier.
When will Ciena report its next earnings?
Ciena is expected to report results for the quarter ending October 31, 2026 on December 10, 2026 before the market opens.
When does Ciena's fiscal year end?
Ciena's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 12, 2025.