Ciena Corporation

CIEN

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

11/1/2025

Revenue

4,770

Cost of Revenue

2,790

Gross Profit

1,979

Gross Margin

41.5%

Operating Income

311

Operating Margin

6.5%

Net Income

123

Net Margin

2.6%

EPS (Basic)

$0.87

EPS (Diluted)

$0.85

EBITDA

387

EBITDA Margin

8.1%

2024

11/2/2024

Revenue

4,015

Cost of Revenue

2,418

Gross Profit

1,597

Gross Margin

39.8%

Operating Income

191

Operating Margin

4.8%

Net Income

Net Margin

2.1%

EPS (Basic)

$0.58

EPS (Diluted)

$0.58

EBITDA

350

EBITDA Margin

8.7%

2023

10/28/2023

Revenue

4,387

Cost of Revenue

2,638

Gross Profit

1,749

Gross Margin

39.9%

Operating Income

385

Operating Margin

8.8%

Net Income

255

Net Margin

5.8%

EPS (Basic)

$1.71

EPS (Diluted)

$1.71

EBITDA

554

EBITDA Margin

12.6%

2022

10/29/2022

Revenue

3,633

Cost of Revenue

2,201

Gross Profit

1,432

Gross Margin

39.4%

Operating Income

257

Operating Margin

7.1%

Net Income

153

Net Margin

4.2%

EPS (Basic)

$1.01

EPS (Diluted)

$1.00

EBITDA

370

EBITDA Margin

10.2%

2021

10/30/2021

Revenue

3,621

Cost of Revenue

2,019

Gross Profit

1,602

Gross Margin

44.2%

Operating Income

527

Operating Margin

14.6%

Net Income

500

Net Margin

13.8%

EPS (Basic)

$3.22

EPS (Diluted)

$3.19

EBITDA

626

EBITDA Margin

17.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	4,770	4,015	4,387	3,633	3,621
Cost of Revenue	2,790	2,418	2,638	2,201	2,019
Gross Profit	1,979	1,597	1,749	1,432	1,602
Gross Margin	41.5%	39.8%	39.9%	39.4%	44.2%
Operating Income	311	191	385	257	527
Operating Margin	6.5%	4.8%	8.8%	7.1%	14.6%
Net Income	123	84	255	153	500
Net Margin	2.6%	2.1%	5.8%	4.2%	13.8%
EPS (Basic)	$0.87	$0.58	$1.71	$1.01	$3.22
EPS (Diluted)	$0.85	$0.58	$1.71	$1.00	$3.19
EBITDA	387	350	554	370	626
EBITDA Margin	8.1%	8.7%	12.6%	10.2%	17.3%