Ciena Corporation filed its Form 10-Q with the U.S. Securities and Exchange Commission on September 3, 2026, covering the quarterly period ended August 1, 2026, reporting third-quarter and nine-month financial results for fiscal year 2026.

Key Highlights

  • Total revenue of $1.671 billion for the quarter ended August 1, 2026, compared to $1.219 billion for the quarter ended August 2, 2025.
  • Net income of $266.418 million for the third quarter, up from $50.308 million in the prior-year quarter.
  • Diluted net income per potential common share of $1.83 for the quarter, versus $0.35 in the same quarter a year earlier.
  • Nine-month total revenue of $4.669 billion, compared to $3.418 billion for the nine months ended August 2, 2025.
  • Cash and cash equivalents of $2.446 billion as of August 1, 2026, up from $1.092 billion as of November 1, 2025.
  • Long-term debt, net, increased to $3.230 billion as of August 1, 2026, from $1.524 billion as of November 1, 2025.
  • 141,808,525 shares of common stock outstanding as of August 28, 2026.

Ciena's Third-Quarter Fiscal 2026 Financial Performance and Balance Sheet Position

According to the filing, Ciena Corporation (NYSE:CIEN) reported total revenue of $1,671,129 thousand for the quarter ended August 1, 2026, comprised of $1,390,274 thousand in product revenue and $280,855 thousand in services revenue. This compares to total revenue of $1,219,385 thousand in the quarter ended August 2, 2025. Gross profit for the third quarter was $759,265 thousand, yielding income from operations of $301,179 thousand, up from $73,535 thousand in the prior-year period.

The filing disclosed a loss on extinguishment and modification of debt of $7,143 thousand in the quarter, with interest expense of $5,803 thousand, compared to interest expense of $22,806 thousand in the same quarter last year. Income before income taxes was reported at $310,621 thousand, with a provision for income taxes of $44,203 thousand, resulting in net income of $266,418 thousand for the quarter. For the nine months ended August 1, 2026, net income totaled $634,921 thousand, compared to $103,849 thousand for the nine months ended August 2, 2025.

On the balance sheet, the company reported total assets of $7,997,240 thousand as of August 1, 2026, versus $5,864,667 thousand as of November 1, 2025. Total stockholders' equity stood at $3,056,738 thousand. Net cash provided by operating activities for the nine months ended August 1, 2026 was $683,606 thousand, compared to $435,016 thousand in the comparable prior-year period. Share-based compensation expense for the nine-month period was $163,178 thousand, according to the filing.

What Was Disclosed

Ciena Corporation's 10-Q for the period ended August 1, 2026 disclosed quarterly and nine-month income statement results, a condensed consolidated balance sheet, cash flow data, and share count information, all on an unaudited basis.