FY2027 Est. Revenue
$7.65B
+33.2% vs FY26 (Guidance: ≥30%)
FY2027 Exit Backlog
$9.12B
Resilient order replenishment
Avg Blended Gross Margin
47.4%
+100 bps vs Q3'26 Reported (46.4%)
WaveLogic 6 + HyperRail Rev
$6.12B
80% of FY2027 optical shipments
Multi-Quarter Backlog Conversion & Revenue Ramp (FY26Q4 - FY28Q4)
Quarterly Revenue ($B)
Ending Backlog ($B)
WL6E + HyperRail Rev
Quarterly Financial & Optical Capacity Trajectory Grounded in $10B+ backlog agreements through 2029
Fiscal Quarter Beg. Backlog Conversion Rev New Intake End Backlog WL6 Extreme HyperRail Blended GM Est. Adj EPS
Source Grounding: Ciena Corp Q3 2026 Earnings Call Transcript (Sep 3, 2026). Revenue $1.67B (+37% YoY), $10B+ backlog with multi-year supply chain agreements through 2029.
Key Products: WaveLogic 6 Extreme (3nm Coherent DSP) & HyperRail DCI Optical Interconnect.
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