Ciena Corporation reported fiscal Q3 2026 revenue of $1,67 billion, marking a 37% year-over-year increase. Adjusted earnings per share reached $2,11, representing a 215% rise compared to the same period last year.
The company raised its full-year fiscal 2026 revenue guidance to $6,42 billion, plus or minus $50 million, anticipating 35% annual growth. For fiscal 2027, management projects revenue between $8,3 billion and $8,4 billion.
Ciena targets a 30% compound annual revenue growth rate from 2026 through 2029 and aims for a 20% free cash flow margin. The company currently holds a backlog of $8,5 billion, which is expected to exceed $10 billion by the end of fiscal 2026.
Hyperscalers currently generate roughly half of Ciena’s total revenue. The company has secured multi-year supply agreements for critical components through 2029 to support the projected expansion of the optical networking market from $25 billion to $50 billion.
