Ciena (CIEN) Operating Expenses (2009 - 2026)
Ciena (CIEN) recorded quarterly Operating Expenses of $436.1 million in Q1 2026, down 23.04% quarter-over-quarter from $566.7 million in Q4 2025, and up 11.49% on a YoY basis from $391.2 million in Q1 2025.
Ciena (CIEN) Operating Expenses (2009 - 2026) Analysis & Trends
Ciena's Operating Expenses history runs 18 years deep, the most recent figure standing at $436.1 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 11.49% year-over-year to $436.1 million; the TTM figure through Jan 2026 stood at $1.9 billion (up 18.6% YoY), while the FY2025 annual figure was $1.8 billion, up 16.38% from the prior year.
- Operating Expenses was $436.1 million for Q1 2026 at Ciena, down from $566.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $566.7 million in Q4 2025 to a low of $313.7 million in Q3 2022.
- Historically, Operating Expenses has averaged $391.5 million across 5 years, with a median of $384.9 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses fell 3.79% in 2022, then jumped 41.38% in 2025.
- A 5-year view of Operating Expenses shows it stood at $356.3 million in 2022, then grew by 10.85% to $395.0 million in 2023, then rose by 1.48% to $400.8 million in 2024, then surged by 41.38% to $566.7 million in 2025, then slipped by 23.04% to $436.1 million in 2026.
- The last three Operating Expenses figures came in at $436.1 million (Q1 2026), $566.7 million (Q4 2025), and $429.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 436.11 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 691.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 8.83 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 182.50 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 79.89 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 164.15 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 56.91 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 527.00 Mn |
| 10 | Viavi Solutions | 10.76 Bn | 10.75 Bn | 234.10 Mn | 209.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 436.11 Mn |
| Nov 1, 2025 | 566.69 Mn |
| Aug 2, 2025 | 429.54 Mn |
| May 3, 2025 | 420.00 Mn |
| Feb 1, 2025 | 391.16 Mn |
| Nov 2, 2024 | 400.81 Mn |
| Jul 27, 2024 | 377.20 Mn |
| Apr 27, 2024 | 392.63 Mn |
| Jan 27, 2024 | 382.33 Mn |
| Oct 28, 2023 | 394.98 Mn |
| Jul 29, 2023 | 370.73 Mn |
| Apr 29, 2023 | 384.87 Mn |
| Jan 28, 2023 | 370.73 Mn |
| Oct 29, 2022 | 356.33 Mn |
| Jul 30, 2022 | 313.67 Mn |
| Apr 30, 2022 | 343.35 Mn |
| Jan 29, 2022 | 324.18 Mn |
| Oct 30, 2021 | 339.71 Mn |
| Jul 31, 2021 | 326.03 Mn |
| May 1, 2021 | 278.79 Mn |