Ciena (CIEN) Free Cash Flow (2009 - 2026)

Ciena (CIEN) recorded quarterly Free Cash Flow of $153.8 million in Q1 2026, down 37.27% quarter-over-quarter from $245.1 million in Q4 2025, and up 100.11% on a YoY basis from $76.8 million in Q1 2025.

Ciena (CIEN) Free Cash Flow (2009 - 2026) Analysis & Trends

Ciena's Free Cash Flow history runs 18 years deep, the most recent figure standing at $153.8 million for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 100.11% year-over-year to $153.8 million; the TTM figure through Jan 2026 stood at $742.2 million (up 261.61% YoY), while the FY2025 annual figure was $665.3 million, up 76.05% from the prior year.
  • Free Cash Flow was $153.8 million for Q1 2026 at Ciena, down from $245.1 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $271.9 million in Q4 2023 to a low of -$295.7 million in Q1 2023.
  • Historically, Free Cash Flow has averaged $64.7 million across 5 years, with a median of $124.3 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Free Cash Flow soared 807.77% in 2023, then plunged 1027.71% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at -$38.4 million in 2022, then jumped by 807.77% to $271.9 million in 2023, then fell by 8.78% to $248.0 million in 2024, then decreased by 1.19% to $245.1 million in 2025, then tumbled by 37.27% to $153.8 million in 2026.
  • The last three Free Cash Flow figures came in at $153.8 million (Q1 2026), $245.1 million (Q4 2025), and $215.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 3.34 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 153.76 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 389.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 609.00 Mn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 79.10 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 155.35 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -309.66 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -143.58 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 163.00 Mn
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn -32.20 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 153.76 Mn
Jan 31, 2026 153.76 Mn
Nov 1, 2025 245.10 Mn
Nov 1, 2025 245.10 Mn
Aug 2, 2025 215.15 Mn
Aug 2, 2025 215.15 Mn
May 3, 2025 128.21 Mn
May 3, 2025 128.21 Mn
Feb 1, 2025 76.84 Mn
Feb 1, 2025 76.84 Mn
Nov 2, 2024 248.04 Mn
Nov 2, 2024 248.04 Mn
Jul 27, 2024 -188.33 Mn
Jul 27, 2024 -188.33 Mn
Apr 27, 2024 68.71 Mn
Apr 27, 2024 68.71 Mn
Jan 27, 2024 249.48 Mn
Jan 27, 2024 249.48 Mn
Oct 28, 2023 271.90 Mn
Oct 28, 2023 271.90 Mn