v3.26.1
INVENTORIES
6 Months Ended
May 02, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
As of the dates indicated, inventories are comprised of the following (in thousands):
May 2,
2026
November 1,
2025
Raw materials$546,457 $593,783 
Work-in-process40,187 35,051 
Finished goods334,488 286,050 
Deferred cost of goods sold44,050 40,759 
Gross inventories965,182 955,643 
Reserve for inventory excess and obsolescence(156,735)(129,408)
Inventories, net$808,447 $826,235 
During the first six months of fiscal 2026, Ciena recorded a provision for inventory excess and obsolescence of $42.5 million, primarily driven by reductions in forecasted demand for certain products. Deductions from the reserve were primarily attributable to sales and disposal activities.