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| Date | Value |
|---|---|
| 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 |