Ciena Reports Record Q3 Earnings Amid Strong AI Network Demand
Ciena Corporation (CIEN) reported record third-quarter results in fiscal year 2026, driven primarily by strong demand for high-speed connectivity and AI-related network infrastructure. Revenue reached $1.67 billion, up 37% year over year, with adjusted earnings per share rising sharply to $2.11 (+215%). The company's backlog grew significantly to $8.5 billion at the end of Q3, reflecting robust order growth and a book-to-bill ratio well above one. Ciena’s optical networking revenue surged 46% year over year to $1.19 billion, while cloud provider revenue increased by more than 80%. The company also raised its fiscal 2027 guidance for both revenue ($8.3–$8.4 billion) and operating margin (25–27%). Despite these strong results, CFO Marc Graff highlighted potential headwinds from new Canadian tariffs that could impact margins by approximately $10 million per quarter.
Tickers: $CIEN
Topics: adjusted_eps backlog operating_margin revenue