Ciena Corporation announced financial results for its fiscal third quarter ended August 1, 2026. The company reported total revenue of $1.671 billion for the period, representing a 37.0% increase compared to the $1.219 billion reported in the same quarter of the prior fiscal year. The filing details that revenue was driven by both product and service segments, with products contributing $1.390 billion and services contributing $280.855 million.
On a per-share basis, Ciena reported diluted net income of $1.83 for the fiscal third quarter of 2026. The company also reported adjusted earnings per share (EPS) of $2.11, which was an increase of 215% compared to the adjusted EPS of $0.67 reported in the fiscal third quarter of 2025.
Management provided updated business outlooks for the fiscal fourth quarter of 2026 and the full fiscal year 2026. For the fourth quarter, Ciena expects revenue of $1.75 billion plus or minus $50 million. The company raised its fiscal year 2026 revenue guidance to $6.42 billion plus or minus $50 million, a 35% increase year-over-year at the midpoint.
Other financial metrics for the fiscal third quarter included a gross margin of 45.4% on a GAAP basis and 46.4% on a non-GAAP basis. The company also noted that two customers represented 10% or more of revenue, accounting for a total of 41.7% of total revenue. Additionally, Ciena repurchased approximately 0.4 million shares of common stock for an aggregate price of $171.7 million under its $1 billion share repurchase program.
