v3.26.1
INVENTORIES
9 Months Ended
Aug. 01, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
As of the dates indicated, inventories are comprised of the following (in thousands):
August 1,
2026
November 1,
2025
Raw materials$631,322 $593,783 
Work-in-process56,693 35,051 
Finished goods305,714 286,050 
Deferred cost of goods sold54,124 40,759 
Gross inventories1,047,853 955,643 
Reserve for inventory excess and obsolescence(175,866)(129,408)
Inventories, net$871,987 $826,235 

During the first nine months of fiscal 2026, Ciena recorded a provision for inventory excess and obsolescence of $72.4 million, primarily driven by reductions in forecasted demand for certain products. Deductions from the reserve were primarily attributable to sales and disposal activities.