Ciena Corporation (CIEN)

Ciena topped expectations on both the top and bottom line in the third fiscal quarter of 2026, reported September 3, 2026, as revenue rose 37.0% to about $1.7 billion, up from $1.219 billion a year ago. On the consensus view, revenue of $1.671 billion topped the $1.637 billion estimate, +2.1%, while adjusted EPS of $2.11 topped the $1.73 estimate (+22%). Profitability came through at a gross margin of roughly 45% and an operating margin of about 18%, with operating income of roughly $301 million and net income of about $266 million; net income surged 429.6% from $50.3 million a year ago. The quarter also generated operating cash flow of about $196 million, and the company repurchased roughly $272 million of stock. For the next period, consensus calls for EPS of $2.08 on revenue of $1.758 billion.