Ciena Corporation stock research
FY2026 Q1
Ciena (CIEN) Gross Margin — Quarter Ended Jan 31, 2026
Revenue was stable compared to the immediately preceding quarter but higher than the same quarter one year earlier. Gross profit increased from both prior periods, while cost of revenue also rose, resulting in a gross margin that improved sequentially but weakened year-over-year.
Gross margin takeaway
Quarter ended Jan 31, 2026 · FY2026 Q1
Revenue was stable compared to the immediately preceding quarter but higher than the same quarter one year earlier. Gross profit increased from both prior periods, while cost of revenue also rose, resulting in a gross margin that improved sequentially but weakened year-over-year.
- The sequential gross margin improvement was primarily associated with a rise in gross profit alongside a relatively flat revenue level, indicating that cost of revenue increased at a slower pace than gross profit.
- Compared to the previous quarter, gross margin improved; compared to the same quarter one year earlier, gross margin weakened. Revenue was higher year-over-year but unchanged sequentially.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.8%
Gross profit
$625.5M
Revenue
$1.4B
Cost of revenue
$801.5M
Quarter-over-quarter change
+1.1 pts
Year-over-year change
-0.2 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 |
|---|---|---|---|---|
| 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% |
| Jan 31, 2026 | $1.4B | $625.5M | $801.5M | 43.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 1, 2025
+1.1 pts
Year-over-year change
Feb 1, 2025
-0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential gross margin improvement was primarily associated with a rise in gross profit alongside a relatively flat revenue level, indicating that cost of revenue increased at a slower pace than gross profit.
Compared to the previous quarter, gross margin improved; compared to the same quarter one year earlier, gross margin weakened. Revenue was higher year-over-year but unchanged sequentially.
Monitor the revenue and cost trends for the separately reported product and services segments, as their mix can influence overall gross margin.