Ciena Networking Unit Reports $1.27B Q2 Revenue; Hyper-Rail Gets First Hyperscaler Order
Ciena’s Networking Platforms segment generated $1.27B in Q2’26 revenue, 81.1% of total, as Hyper-Rail photonic received its first hyperscaler order. The outlook is viewed positively, with a projected 47.4% price upside to $607.90 supported by strong execution, multi-year visibility, and backlog growth, despite margin lag versus peers.