| Schedule of Segment Profit (Loss) and the Reconciliation to Consolidated Net Income (Loss) |
The table below sets forth Ciena’s segment profit (loss) and the reconciliations to consolidated net income for the respective periods indicated (in thousands). The CODM excludes the following items in his assessment of performance of the operating segments: selling and marketing costs; general and administrative costs, significant asset impairments and restructuring costs; share-based compensation expense, amortization of intangible assets; acquisition and integration costs; interest and other income, net; interest expense; loss on extinguishment and modification of debt; and provision for income taxes. | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Six Months Ended | | | May 2, | | May 3, | | May 2, | | May 3, | | | 2026 | | 2025 | | 2026 | | 2025 | | Revenue: | | | | | | | | | Networking Platforms | $ | 1,274,078 | | | $ | 866,315 | | | $ | 2,423,246 | | | $ | 1,687,458 | | | Platform Software and Services | 93,878 | | | 85,441 | | | 187,262 | | | 180,508 | | | Blue Planet Automation Software and Services | 23,361 | | | 27,951 | | | 43,781 | | | 53,982 | | | Global Services | 179,422 | | | 146,171 | | | 343,492 | | | 276,190 | | | Total revenue | $ | 1,570,739 | | | $ | 1,125,878 | | | $ | 2,997,781 | | | $ | 2,198,138 | | | Segment gross profit: | | | | | | | | | Networking Platforms | $ | 551,054 | | | $ | 321,098 | | | $ | 1,042,735 | | | $ | 656,081 | | | Platform Software and Services | 80,875 | | | 71,196 | | | 161,854 | | | 152,951 | | | Blue Planet Automation Software and Services | 7,386 | | | 15,393 | | | 12,962 | | | 30,182 | | | Global Services | 65,540 | | | 53,396 | | | 125,456 | | | 101,078 | | | Total segment gross profit | $ | 704,855 | | | $ | 461,083 | | | $ | 1,343,007 | | | $ | 940,292 | | | Research and development expense: | | | | | | | | | Networking Platforms | $ | 189,503 | | | $ | 169,676 | | | $ | 364,553 | | | $ | 322,497 | | | Platform Software and Services | 18,431 | | | 18,201 | | | 37,692 | | | 34,531 | | | Blue Planet Automation Software and Services | 10,228 | | | 8,916 | | | 19,619 | | | 17,206 | | | Global Services | 1,157 | | | 1,054 | | | 2,319 | | | 2,039 | | | Total segment research and development expense | $ | 219,319 | | | $ | 197,847 | | | $ | 424,183 | | | $ | 376,273 | | | Segment profit (loss): | | | | | | | | | Networking Platforms | $ | 361,551 | | | $ | 151,422 | | | $ | 678,182 | | | $ | 333,584 | | | Platform Software and Services | 62,444 | | | 52,995 | | | 124,162 | | | 118,420 | | | Blue Planet Automation Software and Services | (2,842) | | | 6,477 | | | (6,657) | | | 12,976 | | | Global Services | 64,383 | | | 52,342 | | | 123,137 | | | 99,039 | | | Total segment profit | $ | 485,536 | | | $ | 263,236 | | | $ | 918,824 | | | $ | 564,019 | | | | | | | | | | | Less: Unallocated cost of goods sold | $ | 13,301 | | | $ | 8,245 | | | $ | 25,933 | | | $ | 15,633 | | | Less: Unallocated operating and non-operating expenses | 254,015 | | | 246,022 | | | 524,388 | | | 494,845 | | | Consolidated net income | $ | 218,220 | | | $ | 8,969 | | | $ | 368,503 | | | $ | 53,541 | |
|
| Schedule of Reconciliation of Assets From Segment to Consolidated |
The following table shows Ciena’s finite-lived intangible assets, goodwill, and maintenance spares allocated by segment and reconciled to total assets (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | May 2, 2026 | | Networking Platforms | | Platform Software and Services | | Blue Planet Automation Software and Services | | Global Services | | Total | | Other intangible assets, net | $ | 202,190 | | | — | | | — | | | — | | | $ | 202,190 | | | Goodwill | $ | 275,161 | | | 156,191 | | | 89,049 | | | — | | | $ | 520,401 | | | Maintenance spares, net | $ | — | | | — | | | — | | | 98,690 | | | $ | 98,690 | | | Total assets assigned to segments | | | | | | | | | $ | 821,281 | | | Other unallocated assets | | | | | | | | | 5,218,168 | | | Total assets | | | | | | | | | $ | 6,039,449 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | November 1, 2025 | | Networking Platforms | | Platform Software and Services | | Blue Planet Automation Software and Services | | Global Services | | Total | | Other intangible assets, net | $ | 224,210 | | | — | | | — | | | — | | | $ | 224,210 | | | Goodwill | $ | 275,964 | | | 156,191 | | | 89,049 | | | — | | | $ | 521,204 | | | Maintenance spares, net | $ | — | | | — | | | — | | | 92,392 | | | $ | 92,392 | | | Total assets assigned to segments | | | | | | | | | $ | 837,806 | | | Other unallocated assets | | | | | | | | | 5,026,861 | | | Total assets | | | | | | | | | $ | 5,864,667 | |
|