Ciena (CIEN) Operating Margin (2009 - 2026)

Ciena's Operating Margin history runs 18 years deep, the most recent figure standing at 13.27% for Q1 2026.

• In Q1 2026, Operating Margin rose 575.0% year-over-year to 13.27%; the TTM figure through Jan 2026 stood at 5.98% (up 196.0% YoY), while the FY2025 annual figure was 4.14%, down 1.0% from the prior year.
• Operating Margin was 13.27% for Q1 2026 at Ciena, up from 0.78% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 13.27% in Q1 2026 to a low of 0.44% in Q2 2024.
• Historically, Operating Margin has averaged 6.07% across 5 years, with a median of 7.11% in 2022.
• The sharpest annual moves came in 2022 and 2026: Operating Margin slumped 1191 bps in 2022, then jumped 575 bps in 2026.
• A 5-year view of Operating Margin shows it stood at 7.96% in 2022, then rose by 2 bps to 8.08% in 2023, then slumped by 35 bps to 5.27% in 2024, then tumbled by 85 bps to 0.78% in 2025, then jumped by 1611 bps to 13.27% in 2026.
• The last three Operating Margin figures came in at 13.27% (Q1 2026), 0.78% (Q4 2025), and 6.03% (Q3 2025), per Business Quant data.