Ciena Raises FY2026 Revenue Outlook as Backlog Targets $10B
Ciena raised its fiscal 2026 revenue outlook midpoint to $6.42 billion and reported backlog of $8.5 billion when fiscal third quarter ended on August 1. Management expects backlog to top $10 billion by fiscal 2026 year-end and says it could cover most of at least 30% fiscal 2027 revenue growth. Supply is not expected to catch up before 2028. Operating margin was 11.2%.