Ciena Corporation stock research
FY2025 Q4
Ciena (CIEN) Gross Margin — Quarter Ended Nov 1, 2025
Revenue and gross profit both increased compared with the prior quarter and the same quarter last year, while cost of revenue rose at a slower pace. As a result, gross margin improved relative to both periods.
Gross margin takeaway
Quarter ended Nov 1, 2025 · FY2025 Q4
Revenue and gross profit both increased compared with the prior quarter and the same quarter last year, while cost of revenue rose at a slower pace. As a result, gross margin improved relative to both periods.
- Gross margin improved as cost of revenue grew at a slower rate than revenue, both sequentially and year over year.
- Current quarter gross margin is higher than the immediately preceding quarter and higher than the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.7%
Gross profit
$577.2M
Revenue
$1.4B
Cost of revenue
$774.8M
Quarter-over-quarter change
+1.4 pts
Year-over-year change
+1.8 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 |
|---|---|---|---|---|
| Feb 1, 2025 | $1.1B | $471.8M | $600.4M | 44.0% |
| May 3, 2025 | $1.1B | $452.8M | $673.0M | 40.2% |
| Aug 2, 2025 | $1.2B | $503.1M | $716.3M | 41.3% |
| Nov 1, 2025 | $1.4B | $577.2M | $774.8M | 42.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Aug 2, 2025
+1.4 pts
Year-over-year change
Nov 2, 2024
+1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved as cost of revenue grew at a slower rate than revenue, both sequentially and year over year.
Current quarter gross margin is higher than the immediately preceding quarter and higher than the same quarter one year earlier.
Monitor whether the growth rate of cost of revenue continues to lag behind revenue growth in upcoming quarters.