Ciena Corporation · NYSE:CIEN
Ciena — OFC 2026
21 slides from Ciena's conference presentation, March 2026
Slide 1: Ciena at OFC 2026
Ciena at OFC 2026 March 2026 Ciena Investor Relations © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 2: Ciena's business overview
Ciena’s business overview 2 © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 3: Optical technology underpins Ciena's business
Optical technology underpins Ciena’s business Core business Expansion opportunities We specialize in high-speed optical connectivity We are leveraging our optical leadership and automation to grow into new adjacent markets Optical Optical Converged Data center fabric long distance regional/metro rou
Slide 4: Data center interconnect applications are expanding
Data center interconnect applications are expanding Wide Area Network Around Data Center Inside Data Center (WAN) Inter-Region Region Metro Campus Campus Data Center Intra DC Rack Rack Switch, Server and/or Storage PCB Switch, Server Region Campus Data Center Rack and/or PCB Storage 1,000’s → 100’s
Slide 5: Q1 2026 adjusted financial results
Q1 2026 adjusted financial results Revenue Gross Margin Earnings per Share $1.43B 44.7% $1.35 +33% YoY Flat YoY +111% YoY +$37M over Guide 120 bps over Guide 5 © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 6: March 2026 financial guidance
March 2026 financial guidance Q2 2026 FY 2026 Revenue $1.5B +/- $50M $5.9B - $6.3B Gross Margin 43.5% - 44.5% 43.5% - 44.5% Operating Expense $375M - $390M $1.52B - $1.53B Operating Margin 17.5% - 18.5% 17.5% - 19.5% 6 © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 7: Financial priorities: Delivering growth and profitability
Financial priorities: Delivering growth and profitability Gross Margin Expansion Operating Leverage Balance Sheet Strength Disciplined Capital Allocation • Q1 2026 printed at 44.7% – ahead • Q1 2026 adj. operating margin: • Q1 2026 cash from operations: • Q1 2026 CapEx: $74M (~2–3x avg. of of expect
Slide 8: Ciena at OFC 2026
Ciena at OFC 2026 8 © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 9: OFC 2026: Ciena's advanced technology demos
OFC 2026: Ciena’s advanced technology demos Ciena Booth #1927 ▪ Programmable photonics ▪ Reconfigurable Line System (RLS) C&L Band ▪ RLS Hyper-Rail ▪ Next-gen coherent technology ▪ WaveLogic 6 Nano 800 Gb/s (ZR/ZR+) coherent pluggables ▪ WaveLogic 6 Nano Coherent-Lite pluggables ▪ Full spectrum tran
Slide 10: OFC 2026: Ciena's programmable photonics
OFC 2026: Ciena’s programmable photonics Hyper-Rail: Programmable photonic line systems New support for scale-across applications ▪ RLS C&L-band protected DCI configuration ▪ Dramatically improves power and space efficiency needed to support extreme capacity growth at Intermediate Line Amplification
Slide 11: A typical regional or long-haul fiber system
A typical regional or long-haul fiber system 1000’s kms ~ ~80-100km ~80km ~80km ~80km ~80km ~80km Terminal Amp site Amp site Amp site Amp site Terminal 2-16 fiber pairs (rails) per route Amp sites (Huts) • Geographically isolated • Power constrained (3kw/rack) • 4 fiber pairs (rails) per rack • ~$1M
Slide 12: Hyper-rail: Massive densification of amplifier sites
Hyper-rail: Massive densification of amplifier sites for space, power, capacity, and cost benefits Line amp sites TODAY 20 Petabit/sec AI example New multi-rail innovation: 4 rails/rack, 16 rails/hut With today’s technology: New multi-rail 20 Petabit/sec All capacity within one hut 22 huts! design 1
Slide 13: OFC 2026: Ciena's next-gen coherent technology
OFC 2026: Ciena’s next-gen coherent technology Simplify scale-across connectivity • Expand 800G pluggable connectivity across more applications with WL6 Nano (WL6n) 800G PKT-MAX at 135GBaud • In addition to 800ZR and 800G ZR+ with interoperable PCS • Available in both C- and L-band • Ciena demonstra
Slide 14: OFC 2026: Ciena's next-gen coherent technology
OFC 2026: Ciena’s next-gen coherent technology Evolution to 1.6T Coherent pluggables and Full Spectrum Transponders (FST) ▪ Ultra-high-bandwidth building blocks enable future 1600ZR/1600ZR+ and 2x 1.6T Coherent-Lite 2nm silicon solutions under test 1600ZR design 1600ZR+ design ▪ Full spectrum transp
Slide 15: OFC 2026: Ciena's innovation in and around the data center
OFC 2026: Ciena’s innovation in and around the data center Intra-DC networking – Optimize scale-up and scale-out Ciena’s Vesta 200 6.4T CPX Optical Engine for co- packaged optics (CPO) minimizes power, and maximizes density and flexibility ▪ CPX connector supports both CPO and co-packaged copper, Ve
Slide 16: OFC 2026: Ciena's innovation in and around the data center
OFC 2026: Ciena’s innovation in and around the data center DCOM – Smart, scalable, out-of-band data center management ORv2 1RU chassis (Open Rack v2) ORv3 4RU chassis (Open Rack v3) Created via Meta collaboration, Engaged with additional Hyperscalers ▪ Simplifies Ops – Automated, fiber-based PON • D
Slide 17: OFC 2026: Ciena's innovation across the AI networking stack
OFC 2026: Ciena’s innovation across the AI networking stack Product Value Proposition / Differentiation 1600ZR/1600ZR+ Next-generation pluggable that offers 1.6Tb/s wavelength capacity DCOM (Data Center Out-of-Band Simplifies how operators monitor and manage AI network infrastructure - fewer devices
Slide 18: Ciena's speaking sessions
Ciena’s speaking sessions 18 © Ciena Corporation 2025. All rights reserved. Proprietary Information.
Slide 19: Ciena Speaking Sessions
Ciena Speaking Sessions SCALE UP / INTRA-DC Short Course SC105: Modulation Formats and Receiver Concepts for Optical Transmission Systems Peter Winzer, Ciena; Vivian Chen, Nokia Bell Labs | Sun, Mar 15, 8:30 – 11:30 Optica Exec Forum: “Scale-Up Data Center Networks” Panel Peter Winzer; A. Bechtolshe
Slide 20: Ciena Speaking Sessions (cont'd)
Ciena Speaking Sessions (cont’d) WL7n / FST / CPO 16-ch Silicon-Photonics Optical Engine Enabling PAM6 Transmission with BER < 1E-9 Son Le | Mon, Mar 16, 16:30 – 18:30, Rm 403B Market Watch: Market Status and Enabling Technologies of 1.6 Tb/s and Beyond Robert Keys; R. Pancholy (Broadcom), B. Zhang
Slide 21: Thank you
Thank you IR@ciena.com 21 © Ciena Corporation 2025. All rights reserved. Proprietary Information.