Ciena Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.77B | $4.02B | $4.39B | $3.63B | $3.62B | $3.53B | $3.57B | $3.09B |
| Optical Networking | — | $2.79B | $3.05B | $2.47B | $2.52B | $2.38B | $2.47B | $2.13B |
| Routing and Switching | — | $408.4M | $509.8M | $418.5M | $332.9M | $288.5M | $279.6M | $261.2M |
| Optical Transport | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Platform Software and Services | — | $318.0M | $314.1M | $268.4M | $251.2M | $213.3M | $186.2M | $161.4M |
| Blue Planet Automation Software and Services | — | $83.6M | $81.3M | $68.3M | $69.1M | $64.9M | $61.2M | $48.5M |
| Global Services | — | $422.3M | $435.0M | $406.7M | $452.7M | $584.1M | $572.3M | $493.4M |
| Transport and Switching | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Aggregation | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Data | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $2.76B | $2.30B | $2.51B | $2.07B | $1.90B | $1.88B | $2.03B | $1.78B |
| Gross Profit | $2.00B | $1.72B | $1.88B | $1.56B | $1.72B | $1.65B | $1.54B | $1.31B |
| Gross Margin | 42.0% | 42.8% | 42.8% | 43.0% | 47.5% | 46.8% | 43.2% | 42.5% |
| Operating Expenses | ||||||||
| Research & Development | $848.3M | $767.5M | $750.6M | $624.7M | $536.7M | $529.9M | $548.1M | $491.6M |
| SG&A Expense | $238.7M | $220.6M | $215.3M | $179.4M | $181.9M | $169.5M | $174.4M | $160.1M |
| Operating Income | $197.5M | $166.6M | $357.5M | $222.8M | $495.4M | $487.0M | $346.8M | $229.9M |
| Operating Margin | 4.1% | 4.1% | 8.2% | 6.1% | 13.7% | 13.8% | 9.7% | 7.4% |
| Interest Expense | — | — | $88.0M | $47.1M | $30.8M | $31.3M | $37.5M | $55.2M |
| Pretax Income | $156.3M | $119.9M | $323.7M | $182.5M | $462.8M | $456.0M | $313.2M | $148.8M |
| Income Tax Expense | $32.9M | $35.9M | $68.8M | $29.6M | $-37.4M | $94.7M | $59.8M | $493.5M |
| Net Income | $123.3M | $84.0M | $254.8M | $152.9M | $500.2M | $361.3M | $253.4M | $-344.7M |
| Net Margin | 2.6% | 2.1% | 5.8% | 4.2% | 13.8% | 10.2% | 7.1% | -11.2% |
| EPS (Basic) | $0.87 | $0.58 | $1.71 | $1.01 | $3.22 | $2.34 | $1.63 | $-2.40 |
| EPS (Diluted) | $0.85 | $0.58 | $1.71 | $1.00 | $3.19 | $2.32 | $1.61 | $-2.49 |
| Shares Outstanding (Basic) | 142.2M | 144.7M | 149.0M | 151.2M | 155.3M | 154.3M | 155.7M | 143.7M |
| Shares Outstanding (Diluted) | 145.2M | 146.0M | 149.4M | 152.2M | 156.7M | 156.0M | 157.6M | 143.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |