Ciena Corporation stock research
FY2025 Q1
Ciena (CIEN) Gross Margin — Quarter Ended Feb 1, 2025
Revenue was essentially stable compared to the prior quarter, while gross profit improved and cost of revenue decreased, leading to a higher gross margin. Versus the same quarter a year earlier, revenue increased, gross profit was slightly higher, cost of revenue rose, and gross margin was lower.
Gross margin takeaway
Quarter ended Feb 1, 2025 · FY2025 Q1
Revenue was essentially stable compared to the prior quarter, while gross profit improved and cost of revenue decreased, leading to a higher gross margin. Versus the same quarter a year earlier, revenue increased, gross profit was slightly higher, cost of revenue rose, and gross margin was lower.
- The change in gross margin was most strongly associated with a decline in cost of revenue relative to revenue from the preceding quarter. Compared to a year ago, the increase in cost of revenue outpaced revenue growth, putting downward pressure on margin.
- Gross margin improved from the immediately preceding quarter, but weakened compared to the same quarter one year earlier. Revenue was unchanged sequentially and higher year over year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.0%
Gross profit
$471.8M
Revenue
$1.1B
Cost of revenue
$600.4M
Quarter-over-quarter change
+3.1 pts
Year-over-year change
-1.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 27, 2024 | $910.8M | $388.7M | $522.2M | 42.7% |
| Jul 27, 2024 | $942.3M | $403.9M | $538.4M | 42.9% |
| Nov 2, 2024 | $1.1B | $460.0M | $664.1M | 40.9% |
| Feb 1, 2025 | $1.1B | $471.8M | $600.4M | 44.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 2, 2024
+3.1 pts
Year-over-year change
Jan 27, 2024
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The change in gross margin was most strongly associated with a decline in cost of revenue relative to revenue from the preceding quarter. Compared to a year ago, the increase in cost of revenue outpaced revenue growth, putting downward pressure on margin.
Gross margin improved from the immediately preceding quarter, but weakened compared to the same quarter one year earlier. Revenue was unchanged sequentially and higher year over year.
Track whether cost of revenue continues to rise relative to revenue, as it has compared to the year-ago period.