Ciena(US:CIEN)2025-09-04 12:30Financial Performance - Ciena's Q3 FY2025 revenue reached $1.2194 billion, a 29.4% increase compared to $942.3 million in Q3 FY2024[50] - The adjusted gross margin for Q3 FY2025 was 41.9%, slightly lower than the 43.7% in Q3 FY2024[50] - Adjusted operating expenses for Q3 FY2025 were $380.2 million, compared to $336.0 million in Q3 FY2024[50] - Adjusted EBITDA for Q3 FY2025 was $158.0 million, significantly higher than the $98.5 million in Q3 FY2024[50] - Adjusted EPS for Q3 FY2025 was $0.67, a substantial increase from $0.35 in Q3 FY2024[50] Segment and Geographic Revenue - Optical Networking revenue was $815.5 million, representing 66.9% of total revenue in Q3 FY2025, compared to $606.8 million (64.4%) in Q3 FY2024[54] - Routing and Switching revenue was $125.9 million, accounting for 10.3% of total revenue in Q3 FY2025, versus $92.7 million (9.8%) in Q3 FY2024[54] - Non-telco customers represented 53% of total revenue in Q3 FY2025[48] - Direct Cloud Provider revenue grew 94% year-over-year and represented 40% of total revenue[48] - EMEA revenue grew 38% year-over-year, and APAC revenue grew 24% year-over-year[48] Q4 FY2025 Outlook - Ciena projects revenue between $1.24 billion and $1.32 billion for Q4 FY2025[71] - The company anticipates an adjusted gross margin of 42% to 43% for Q4 FY2025[71] - Adjusted operating expenses are expected to be in the range of $390 million to $400 million for Q4 FY2025[71]