Ciena said Q2 revenue for fiscal 2025 increased 23.6%, or $215.1 million, to $1.1 billion compared with $910.8 million in the prior-year period. The company explained that orders exceeded revenue, resulting in increased backlog.

10-QQuarterly reportFiled Jun 5, 2025Period of report May 3, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Ciena said Q2 revenue for fiscal 2025 increased 23.6%, or $215.1 million, to $1.1 billion compared with $910.8 million in the prior-year period. The company explained that orders exceeded revenue, resulting in increased backlog.
Ciena said Optical Networking product revenue increased $213.4 million in Q2. The company cited increased sales of its 6500 Reconfigurable Line Systems, Waveserver system, and coherent pluggables, primarily to cloud provider customers, as factors.
Ciena said gross profit increased $64.2 million in Q2, but gross margin decreased 250 basis points. The company cited product mix and the effect of tariffs as factors in the decline of product gross margin from 40.7% to 38.8%.
Ciena said it generated $260.7 million in cash from operating activities in the first six months of fiscal 2025, and during the same period repurchased $168.2 million of common stock under its stock repurchase program and spent $55.6 million on capital expenditures. As of May 3, 2025, cash, cash equivalents and investments totaled $1.3 billion.

Key figures

Quarter ended May 3, 2025

Revenue: $1.1B
Operating income: $33M
Net income: $9M
EPS: $0.06
Gross profit: $453M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Fiscal 2025 Q2 revenue $1.1 billion

Ciena said Q2 revenue for fiscal 2025 increased 23.6%, or $215.1 million, to $1.1 billion compared with $910.8 million in the prior-year period. The company explained that orders exceeded revenue, resulting in increased backlog.

Source · Based on the MD&A text of the filing

Optical Networking Revenue Increased $213.4 million

Ciena said Optical Networking product revenue increased $213.4 million in Q2. The company cited increased sales of its 6500 Reconfigurable Line Systems, Waveserver system, and coherent pluggables, primarily to cloud provider customers, as factors.

Source · Based on the MD&A text of the filing

Q2 Gross Margin Decreased 250 basis points

Ciena said gross profit increased $64.2 million in Q2, but gross margin decreased 250 basis points. The company cited product mix and the effect of tariffs as factors in the decline of product gross margin from 40.7% to 38.8%.

Source · Based on the MD&A text of the filing

First-half operating cash flow $260.7 million

Ciena said it generated $260.7 million in cash from operating activities in the first six months of fiscal 2025, and during the same period repurchased $168.2 million of common stock under its stock repurchase program and spent $55.6 million on capital expenditures. As of May 3, 2025, cash, cash equivalents and investments totaled $1.3 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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