Ciena Q1 revenue $1.43B (+33% YoY); adjusted EPS $1.35 (+111% YoY); raises FY26 guidance

CIENA CORP

2026-Q1 EPS reported $1.03 revenue$1,427,042,000

Revenue $1.43B, up 33% YoY; GAAP EPS $1.03, adjusted EPS $1.35, up 111% YoY.
Q2 revenue guidance $1.5B ± $50M; FY26 revenue raised to $5.9B–$6.3B (midpoint +28% YoY).
Adjusted gross margin 44.7% (flat YoY); adjusted op margin 17.9% (up 560 bps YoY).
Adjusted EBITDA $287M, up 84% YoY; record Q1 backlog cited; AI-driven demand strong.

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