Ciena’s (CIEN) Backlog Just Hit $8.5B and Keeps Climbing

Ciena Corporation released third-quarter fiscal 2026 results on September 3 that demonstrated substantial growth across its networking business. The company posted revenue of $1.67 billion, representing a 37% year-over-year increase, while adjusted earnings per share more than tripled to $2.11. The backlog reached $8.5 billion, with the company projecting it would surpass $10 billion by the end of fiscal 2026.
The expansion was concentrated in areas tied to artificial intelligence infrastructur