Providing guidance for revenue in the range of $1.35 billion to $1.43 billion for the first fiscal quarter of 2026 and $5.7 billion to $6.1 billion for fiscal year 2026

为 2026 财年第一季度提供 13.5 亿美元至 14.3 亿美元的收入指导，以及 2026 财年 57 亿美元至 61 亿美元的收入指导。

Dubai, UAE -- Ciena® Corporation today announced financial results for its fiscal fourth quarter and year ended November 1, 2025.

阿联酋迪拜 -- Ciena® 公司今天公布了截至2025年11月1日的财年第四季度和全年财务业绩。

"Our record fiscal fourth quarter and full-year performance reinforces our position as the global leader in high-speed connectivity with an expanding role in the AI ecosystem," said Gary Smith, president and CEO, Ciena. "Looking ahead, we are confident in our growth trajectory over the coming years, driven by durable demand from our cloud and service provider customers and a growing set of opportunities inside and around the data center."

“我们创纪录的财年第四季度和全年业绩巩固了我们作为高速连接全球领导者的地位，并在人工智能生态系统中扮演着日益重要的角色，” Ciena 的总裁兼首席执行官 Gary Smith 表示。“展望未来，我们对未来几年的增长轨迹充满信心，这得益于云计算和服务提供商客户的持续需求，以及数据中心内外不断增长的机会。”

Performance Summary for Fiscal Fourth Quarter and Year Ended November 1, 2025 Revenue:

截至2025年11月1日财年第四季度和全年的业绩摘要收入：

$1.35 billion in the fiscal fourth quarter 2025, compared to $1.12 billion in the fiscal fourth quarter 2024 $4.77 billion in fiscal year 2025, compared to $4.01 billion in the fiscal year 2024

2025 财年第四季度收入为 13.5 亿美元，较 2024 财年第四季度的 11.2 亿美元增长；2025 财年收入为 47.7 亿美元，较 2024 财年的 40.1 亿美元增长。

Net Income per diluted share:

每股摊薄净收益：

$0.13 GAAP and $0.91 adjusted (non-GAAP) for the fiscal fourth quarter 2025, compared to $0.25 and $0.54 for fiscal fourth quarter 2024, respectively

2025 财年第四季度 GAAP 为 0.13 美元，调整后（非 GAAP）为 0.91 美元，分别较 2024 财年第四季度的 0.25 美元和 0.54 美元下降；

$0.85 GAAP and $2.64 adjusted (non-GAAP) for fiscal year 2025, compared to $0.58 and $1.82 for fiscal year 2024, respectively

2025 财年 GAAP 为 0.85 美元，调整后（非 GAAP）为 2.64 美元，分别较 2024 财年的 0.58 美元和 1.82 美元增长。

The tables below (in millions, except percentage data) provide comparisons of certain quarterly and annual results. Appendices A and B set forth reconciliations between the GAAP and adjusted (non-GAAP) measures contained in this release.

下表（以百万为单位，百分比数据除外）提供了某些季度和年度结果的比较。附录 A 和 B 列出了本公告中包含的 GAAP 与调整后（非 GAAP）指标之间的调节。

GAAP Results (unaudited) Non-GAAP Results (unaudited)

GAAP 结果（未经审计）非 GAAP 结果（未经审计）

Quarter Ended Period Quarter Ended Period November 1, November 2, Change November 1, November 2, Change

截至 11 月 1 日的季度截至 11 月 2 日的季度变化截至 11 月 1 日的季度截至 11 月 2 日的季度变化


2025	2024	Y-T-Y*	2025	2024	Y-T-Y*
Revenue $ 1,352.0	$ 1,124.1	20.3% $	1,352.0	$ 1,124.1	20.3%
Gross margin 42.7%	40.9%	1.8%	43.4%	41.6%	1.8%
Operating expense $ 566.7	$ 400.8	41.4% $	408.7	$ 354.9	15.2%
Operating margin 0.8%	5.3%	(4.5)%	13.2%	10.0%	3.2%
EBITDA $ 47.8	$ 93.0	(48.6)% $	205.5	$ 136.7	50.3%


2025	2024	同比*	2025	2024	同比*
收入 $ 1,352.0	$ 1,124.1	20.3% $	1,352.0	$ 1,124.1	20.3%
毛利率 42.7%	40.9%	1.8%	43.4%	41.6%	1.8%
营业费用 $ 566.7	$ 400.8	41.4% $	408.7	$ 354.9	15.2%
营业利润率 0.8%	5.3%	(4.5)%	13.2%	10.0%	3.2%
EBITDA $ 47.8	$ 93.0	(48.6)% $	205.5	$ 136.7	50.3%

GAAP Results (unaudited) Non-GAAP Results (unaudited)

GAAP 结果（未经审计）非 GAAP 结果（未经审计）

Year Ended Period Year Ended Period November 1, November 2, Change November 1, November 2, Change

截至 11 月 1 日的财年截至 11 月 2 日的财年变化截至 11 月 1 日的财年截至 11 月 2 日的财年变化


2025	2024	Y-T-Y*	2025	2024	Y-T-Y*
Revenue $ 4,769.5	$ 4,014.9	18.8%	$ 4,769.5	$ 4,014.9	18.8%
Gross margin 42.0%	42.8%	(0.8)%	42.7%	43.6%	(0.9)%
Operating expense $ 1,807.4	$ 1,553.0	16.4%	$ 1,505.8	$ 1,361.7	10.6%
Operating margin 4.1%	4.1%	—%	11.2%	9.7%	1.5%
EBITDA $ 337.9	$ 300.1	12.6%	$ 636.7	$ 481.0	32.4%


2025	2024	同比*	2025	2024	同比*
收入 $ 4,769.5	$ 4,014.9	18.8%	$ 4,769.5	$ 4,014.9	18.8%
毛利率 42.0%	42.8%	(0.8)%	42.7%	43.6%	(0.9)%
营业费用 $ 1,807.4	$ 1,553.0	16.4%	$ 1,505.8	$ 1,361.7	10.6%
营业利润率 4.1%	4.1%	—%	11.2%	9.7%	1.5%
EBITDA $ 337.9	$ 300.1	12.6%	$ 636.7	$ 481.0	32.4%

* Denotes % change, or in the case of margin, absolute change

* 表示百分比变化，或在利润率的情况下，绝对变化

Business Outlook

业务展望

"Our results reflect Ciena’s market momentum within a strong demand environment and our commitment to financial discipline, delivering strong top and bottom line performance that exceeded our guidance for the fourth quarter,” said Marc Graff, CFO of Ciena. “With our growing operating leverage and strong cash generation and balance sheet, we are well-positioned to deliver value for our customers and shareholders in 2026."

“我们的业绩反映了 Ciena 在强劲需求环境中的市场势头，以及我们对财务纪律的承诺，交付了超出我们第四季度指导的强劲业绩，” Ciena 的首席财务官 Marc Graff 表示。“凭借我们不断增长的运营杠杆、强劲的现金生成和资产负债表，我们在 2026 年为客户和股东创造价值的能力良好。”

Ciena expects fiscal year 2026 to include:

Ciena 预计 2026 财年将包括：

Revenue in the range of $5.7 billion to $6.1 billion

收入范围为 57 亿美元至 61 亿美元

Adjusted (non-GAAP) gross margin of 43% plus or minus 1%

调整后（非 GAAP）毛利率为 43% 上下浮动 1%

Adjusted (non-GAAP) operating expense of approximately $1.52 billion Adjusted (non-GAAP) operating margin of 17% plus or minus 1%

调整后（非 GAAP）营业费用约为 15.2 亿美元，调整后（非 GAAP）营业利润率为 17% 上下浮动 1%

Ciena expects fiscal first quarter 2026 to include:

Ciena 预计 2026 财年第一季度将包括：

Revenue in the range of $1.35 billion to $1.43 billion

收入范围为 13.5 亿美元至 14.3 亿美元

Adjusted (non-GAAP) gross margin between 43% to 44%

调整后（非 GAAP）毛利率在 43% 至 44% 之间

Adjusted (non-GAAP) operating expense of approximately $380 million Adjusted (non-GAAP) operating margin between 15.5% and 16.5%

调整后（非 GAAP）营业费用约为 3.8 亿美元，调整后（非 GAAP）营业利润率在 15.5% 至 16.5% 之间

Statements relating to business outlook are forward-looking in nature and actual results may differ materially. These statements should be read in the context of the “Economic considerations and assumptions” in our accompanying Earnings Presentation and each of the "Forward-Looking Statements" and "Reconciliation of Adjusted (Non- GAAP) Measurements" found in the Notes to Investors below.

与业务展望相关的声明具有前瞻性，实际结果可能会有重大差异。这些声明应结合我们附带的收益演示文稿中的 “经济考虑和假设” 以及下面投资者说明中的每个 “前瞻性声明” 和 “调整（非 GAAP）指标的调节” 进行阅读。

Financial Highlights

财务亮点

Three customers represented 10%-plus of revenue for a total of 43.6% of revenue for the fiscal fourth quarter 2025. Two customers represented 10%-plus of revenue for a total of 28.4% of revenue for the fiscal year 2025.

三位客户在 2025 财年第四季度的收入中占比超过 10%，总计占 43.6%。两位客户在 2025 财年的收入中占比超过 10%，总计占 28.4%。

Average days' sales outstanding (DSOs) were 77 and 88 for the fiscal fourth quarter and the fiscal year 2025, respectively. Product inventory turns were 3.1 and 2.7 for the fiscal fourth quarter and the fiscal year 2025, respectively.

2025 财年第四季度和全年平均应收账款天数（DSOs）分别为 77 天和 88 天。产品库存周转率分别为 3.1 和 2.7。

Repurchased approximately 0.7 million and 4.0 million shares of common stock for an aggregate price of $84.5 million and

在 2025 财年第四季度和全年分别回购了约 70 万股和 400 万股普通股，总金额为 8450 万美元和 3.297 亿美元。

$329.7 million during fiscal fourth quarter and fiscal year 2025, respectively.

Financial Performance by Segment

按部门划分的财务业绩

Networking Platforms Optical Networking

网络平台光学网络

Routing and Switching

路由和交换

Revenue by Segment (unaudited)

按部门划分的收入（未经审计）

Quarter Ended

截至季度

November 1, 2025 November 2, 2024 Revenue %** Revenue %**

2025年11月1日2024年11月2日收入 %** 收入 %**


$ 929.2	118.4
68.7 $	8.8
779.6	79.4
69.4	7.0


$ 929.2	118.4
68.7 $	8.8
779.6	79.4
69.4	7.0


Total Networking Platforms	1,047.6	77.5	859.0	76.4
Platform Software and Services	93.3	6.9	99.6	8.9
Blue Planet Automation Software and Services	33.8	2.5	23.5	2.1
Global Services 1
Maintenance, Support, and Learning		82.5	6.1	77.2	6.9
Implementation		74.3	5.5	51.4	4.5
Advisory and Enablement		20.5	1.5	13.4	1.2
Total Global Services		177.3	13.1	142.0	12.6
Total	$	1,352.0	100.0 $	1,124.1	100.0


网络平台总计	1,047.6	77.5	859.0	76.4
平台软件和服务	93.3	6.9	99.6	8.9
Blue Planet 自动化软件和服务	33.8	2.5	23.5	2.1
全球服务 1
维护、支持和学习		82.5	6.1	77.2	6.9
实施		74.3	5.5	51.4	4.5
咨询和赋能		20.5	1.5	13.4	1.2
全球服务总计		177.3	13.1	142.0	12.6
总计	$	1,352.0	100.0 $	1,124.1	100.0

Networking Platforms Optical Networking

网络平台光学网络

Routing and Switching

路由和交换

Revenue by Segment (unaudited)

按部门划分的收入（未经审计）

Year Ended

截至财年

November 1, 2025 November 2, 2024 Revenue %** Revenue %**

2025年11月1日2024年11月2日收入 %** 收入 %**


$ 3,246.3	430.1
68.1 $	9.0
2,642.6	399.5
65.8	10.0


$ 3,246.3	430.1
68.1 $	9.0
2,642.6	399.5
65.8	10.0


Total Networking Platforms	3,676.4	77.1	3,042.1	75.8
Platform Software and Services	363.8	7.6	358.0	8.9
Blue Planet Automation Software and Services	115.5	2.4	77.6	2.0


总网络平台	3,676.4	77.1	3,042.1	75.8
平台软件和服务	363.8	7.6	358.0	8.9
Blue Planet 自动化软件和服务	115.5	2.4	77.6	2.0

Global Services 1

全球服务 1


Maintenance, Support, and Learning	317.2	6.7	303.1	7.5
Implementation Advisory and Enablement	246.1 50.5	5.2 1.0	184.3 49.8	4.6 1.2
Total Global Services	613.8	12.9	537.2	13.3
Total	$ 4,769.5	100.0 $	4,014.9	100.0
** Denotes % of total revenue


维护、支持和学习	317.2	6.7	303.1	7.5
实施咨询和赋能	246.1 50.5	5.2 1.0	184.3 49.8	4.6 1.2
总全球服务	613.8	12.9	537.2	13.3
总计	$ 4,769.5	100.0 $	4,014.9	100.0
** 表示总收入的百分比

1 Effective as of the fourth quarter of fiscal 2025, Ciena renamed (i) its "Maintenance Support and Training" product line to "Maintenance, Support, and Learning", (ii) its "Installation and Deployment" product line to "Implementation", and (iii) its "Consulting and Network Design" product line to "Advisory and Enablement". These changes, affecting only the presentation of such information, were made on a prospective basis and do not impact comparability of previous financial results. However, the references to the prior reported product lines have been changed herein to the new names above.

自 2025 财年第四季度起，Ciena 将其 “维护支持和培训” 产品线更名为 “维护、支持和学习”，将其 “安装和部署” 产品线更名为 “实施”，将其 “咨询和网络设计” 产品线更名为 “咨询和赋能”。这些变更仅影响信息的呈现，采用前瞻性方式进行，不影响之前财务结果的可比性。然而，之前报告的产品线的引用已在此处更改为上述新名称。

Notes to Investors

投资者注意事项

Forward-Looking Statements. You are encouraged to review the Investors section of our website, where we routinely post press releases, Securities and Exchange Commission ("SEC") filings, recent news, financial results, supplemental financial information, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, forecasts, assumptions and other information available to the Company as of the date hereof. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Forward-looking statements in this release include the statements in the "Summary" and "Business Outlook" sections of this press release and "Our record fiscal fourth quarter and full-year performance underscores our focused execution and solidifies our position as a global leader in high-speed connectivity with an expanding role in the evolving AI ecosystem.

前瞻性声明。 我们鼓励您查看我们网站的投资者部分，我们定期发布新闻稿、证券交易委员会（"SEC"）文件、最新消息、财务结果、补充财务信息和其他公告。我们不时会将重要信息独家发布到该网站以及我们使用的其他披露渠道。本新闻稿包含某些前瞻性声明，这些声明涉及风险和不确定性。这些声明基于截至本日期公司当前的期望、预测、假设和其他信息。前瞻性声明包括关于 Ciena 的期望、信念、意图或未来战略的声明，并可以通过诸如 “预期”、“相信”、“可能”、“估计”、“期望”、“打算”、“可能”、“应该”、“将” 和 “会” 或类似词汇来识别。本声明中的前瞻性声明包括本新闻稿 “摘要” 和 “商业展望” 部分的声明，以及 “我们创纪录的财年第四季度和全年业绩强调了我们的专注执行，并巩固了我们作为高速连接全球领导者的地位，同时在不断发展的 AI 生态系统中扮演着日益重要的角色。

Looking ahead, we are increasingly confident in our growth trajectory over the coming years, driven by accelerating, durable demand from our cloud and service provider customers and a growing set of opportunities inside and around the data center." and “With our growing operating leverage, and strong cash generation and balance sheet, we are well-positioned to deliver value for our customers and shareholders in 2026."

展望未来，我们对未来几年的增长轨迹越来越有信心，这得益于来自云服务提供商客户的加速、持久的需求，以及数据中心内外日益增长的机会。“凭借我们不断增长的运营杠杆、强劲的现金生成和资产负债表，我们在 2026 年为客户和股东创造价值的能力良好。”

Ciena's actual results, performance or events may differ materially from these forward-looking statements made or implied due to a number of risks and uncertainties relating to Ciena's business, including: the effect of broader economic and market conditions on our business and that of our customers, including their spending; the development and use of artificial intelligence and its impact on overall networking technology spending; our ability to execute our business and growth strategies; supply chain constraints or disruptions including increased costs and lead times; the introduction of new technologies by us or our competitors; the timing and size of customer orders, their delivery dates and our ability to recognize revenue relating to such sales; the level of competitive pressure we encounter; the product, customer and geographic mix of sales within the period; changes in foreign currency exchange rates; factors beyond our control such as natural disasters, climate change, acts of war or terrorism, geopolitical tensions or events, and public health emergencies, epidemics, or pandemics; changes in tax or trade regulations, including the imposition of tariffs, duties or efforts to withdraw from or materially modify international trade agreements; cyberattacks, data breaches or other security incidents involving our enterprise network environment or our products; regulatory changes, litigation involving our intellectual property or government investigations; and the other risk factors disclosed in Ciena’s periodic reports filed with the Securities and Exchange Commission (SEC) including Ciena's Quarterly Report on Form 10-Q filed with the SEC on September 4, 2025 and its Annual Report on Form 10-K to be filed with the SEC. Ciena assumes no obligation to update any forward-looking information included in this press release.

Ciena 的实际结果、表现或事件可能因与 Ciena 业务相关的多种风险和不确定性而与这些前瞻性声明存在重大差异，包括：更广泛的经济和市场条件对我们及客户业务的影响，包括他们的支出；人工智能的发展和使用及其对整体网络技术支出的影响；我们执行业务和增长战略的能力；供应链限制或中断，包括成本和交货时间的增加；我们或竞争对手推出新技术的时机和规模；客户订单的时机和规模、交货日期及我们确认与此类销售相关的收入的能力；我们面临的竞争压力水平；销售的产品、客户和地理组合；外汇汇率的变化；超出我们控制范围的因素，如自然灾害、气候变化、战争或恐怖主义行为、地缘政治紧张局势或事件，以及公共卫生紧急情况、流行病或大流行；税收或贸易法规的变化，包括关税、税收或撤回或实质性修改国际贸易协议的努力；网络攻击、数据泄露或涉及我们企业网络环境或产品的其他安全事件；监管变化、涉及我们知识产权的诉讼或政府调查；以及在 Ciena 向证券交易委员会（SEC）提交的定期报告中披露的其他风险因素，包括 Ciena 于2025年9月4日向 SEC 提交的 10-Q 季度报告和即将向 SEC 提交的 10-K 年度报告。Ciena 不承担更新本新闻稿中包含的任何前瞻性信息的义务。

Non-GAAP Presentation of Quarterly and Annual Results. This release includes non-GAAP measures of Ciena's gross profit, operating expense, income from operations, earnings before interest, tax, depreciation and amortization (EBITDA), Adjusted EBITDA, and measures of net income and net income per share. In evaluating the operating performance of Ciena's business, management excludes certain charges and credits that are required by GAAP. These items share one or more of the following characteristics: they are unusual and Ciena does not expect them to recur in the ordinary course of its business; they do not involve the expenditure of cash; they are unrelated to the ongoing operation of the business in the ordinary course; or their magnitude and timing is largely outside of Ciena's control. Management believes that the non-GAAP measures below provide management and investors useful information and meaningful insight to the operating performance of the business. The presentation of these

非公认会计原则季度和年度业绩的呈现。本发布包含了 Ciena 的非公认会计原则的毛利润、运营费用、营业收入、息税折旧摊销前利润（EBITDA）、调整后的 EBITDA，以及净收入和每股净收入的指标。在评估 Ciena 业务的运营表现时，管理层排除了根据公认会计原则（GAAP）要求的某些费用和收入。这些项目具有以下一个或多个特征：它们是异常的，Ciena 不期望它们在正常业务过程中再次发生；它们不涉及现金支出；它们与正常业务的持续运营无关；或者它们的规模和时机在很大程度上超出了 Ciena 的控制范围。管理层认为，以下非公认会计原则的指标为管理层和投资者提供了有用的信息和对业务运营表现的有意义的洞察。

non-GAAP financial measures should be considered in addition to Ciena's GAAP results and these measures are not intended to be a substitute for the financial information prepared and presented in accordance with GAAP. Ciena's non-GAAP measures and the related adjustments may differ from non-GAAP measures used by other companies and should only be used to evaluate Ciena's results of operations in conjunction with our corresponding GAAP results. To the extent not previously disclosed in a prior Ciena financial results press release, Appendices A and B to this press release set forth a complete GAAP to non-GAAP reconciliation of the non-GAAP measures contained in this release.

非公认会计原则的财务指标应与 Ciena 的 GAAP 结果一起考虑，这些指标并不打算替代根据 GAAP 编制和呈现的财务信息。Ciena 的非公认会计原则指标及相关调整可能与其他公司使用的非公认会计原则指标不同，仅应与我们的相应 GAAP 结果一起用于评估 Ciena 的运营结果。在之前的 Ciena 财务结果新闻稿中未披露的情况下，本新闻稿的附录 A 和 B 列出了本发布中包含的非公认会计原则指标的完整 GAAP 与非 GAAP 的对账。

With respect to Ciena’s expectations under “Business Outlook" above, Ciena is not able to provide a quantitative reconciliation of the adjusted (non-GAAP) gross margin and adjusted (non-GAAP) operating expense guidance measures to the corresponding gross profit and gross profit percentage, and operating expense GAAP measures without unreasonable efforts. Ciena cannot provide meaningful estimates of the non-recurring charges and credits excluded from these non-GAAP measures due to the forward-looking nature of these estimates and their inherent variability and uncertainty. For the same reasons, Ciena is unable to address the probable significance of the unavailable information.

关于 Ciena 在 “商业展望” 中的预期，Ciena 无法提供调整后的（非 GAAP）毛利率和调整后的（非 GAAP）运营费用指导指标与相应的毛利润和毛利率、以及 GAAP 运营费用指标之间的定量对账，除非付出不合理的努力。由于这些估计的前瞻性特性及其固有的变动性和不确定性，Ciena 无法提供被排除在这些非公认会计原则指标之外的非经常性费用和收入的有意义估计。出于同样的原因，Ciena 无法说明不可用信息的可能重要性。

About Ciena.

关于 Ciena。

Ciena is the global leader in high-speed connectivity. We build the world’s most adaptive networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on LinkedIn, X, the Ciena Insights blog, or visit www.ciena.com.

Ciena 是全球高速连接的领导者。我们构建世界上最具适应性的网络，以支持带宽需求的指数增长。通过利用我们的网络系统、互连、自动化软件和服务的力量，Ciena 彻底改变了数据传输和网络管理。凭借无与伦比的专业知识和创新，我们使客户、合作伙伴和社区在人工智能时代蓬勃发展。有关 Ciena 的最新信息，请关注我们的 LinkedIn、X、Ciena Insights 博客，或访问 www.ciena.com。

CIENA CORPORATION

CIENA 公司

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

简明合并运营报表

(in thousands, except per share data) (unaudited)

（以千为单位，除每股数据外）（未经审计）

Quarter Ended Year Ended November 1, November 2, November 1, November 2,

截至 11 月 1 日的季度截至 11 月 2 日的年度


	Revenue: Products
2025	$ 1,092,451
2024	$ 892,425
2025	$ 3,822,618
2024	$ 3,159,021


	收入：
产品
2025	$ 1,092,451
2024	$ 892,425
2025	$ 3,822,618
2024	$ 3,159,021


259,533	231,687	946,889	855,934
1,351,984	1,124,112	4,769,507	4,014,955
630,150	545,580	2,250,966	1,861,317
144,655	118,510	513,624	434,048
774,805	664,090	2,764,590	2,295,365
577,179	460,022	2,004,917	1,719,590


259,533	231,687	946,889	855,934
1,351,984	1,124,112	4,769,507	4,014,955
630,150	545,580	2,250,966	1,861,317
144,655	118,510	513,624	434,048
774,805	664,090	2,764,590	2,295,365
577,179	460,022	2,004,917	1,719,590

Services Total revenue

服务总收入

Cost of goods sold: Products

销售成本：产品

Services

服务

Total cost of goods sold Gross profit

销售成本总计毛利润

Operating expenses:

运营费用：


Research and development	228,900	195,960	848,329	767,497
Selling and marketing	156,420	136,919	581,331	510,668
General and administrative	67,257	58,143	238,707	220,647
Significant asset impairments and restructuring costs	106,851	2,605	112,113	24,592
Amortization of intangible assets	6,112	7,185	25,758	29,569


研发	228,900	195,960	848,329	767,497
销售和市场	156,420	136,919	581,331	510,668
一般和行政	67,257	58,143	238,707	220,647
重大资产减值和重组费用	106,851	2,605	112,113	24,592
无形资产摊销	6,112	7,185	25,758	29,569


Income from operations	10,491	59,210	197,531	166,617
Interest and other income, net	14,349	13,801	48,888	50,261
Interest expense	(21,982)	(24,990)	(89,403)	(97,028)
Loss on extinguishment and modification of debt	—	—	(729)	—
Income before income taxes	2,858	48,021	156,287	119,850
Provision (benefit) for income taxes	(16,631)	10,993	32,949	35,894
Net income	$ 19,489	$ 37,028	$ 123,338	$ 83,956
Net Income per Common Share Basic net income per common share	$ 0.14	$ 0.26	$ 0.87	$ 0.58
Diluted net income per potential common share	$ 0.13	$ 0.25	$ 0.85	$ 0.58
Weighted average basic common shares outstanding	141,527	144,240	142,221	144,715
Weighted average dilutive potential common shares outstanding1	145,470	146,487	145,248	145,964


营业收入	10,491	59,210	197,531	166,617
利息及其他收入，净额	14,349	13,801	48,888	50,261
利息费用	(21,982)	(24,990)	(89,403)	(97,028)
债务清偿和修改损失	—	—	(729)	—
税前收入	2,858	48,021	156,287	119,850
所得税准备（收益）	(16,631)	10,993	32,949	35,894
净收入	$ 19,489	$ 37,028	$ 123,338	$ 83,956
每普通股净收入
基本每普通股净收入	$ 0.14	$ 0.26	$ 0.87	$ 0.58
稀释后每潜在普通股净收入	$ 0.13	$ 0.25	$ 0.85	$ 0.58
加权平均基本普通股流通股数	141,527	144,240	142,221	144,715
加权平均稀释潜在普通股流通股数 1	145,470	146,487	145,248	145,964


1,148	566,688
—	400,812
1,148	1,807,386
—	1,552,973


1,148	566,688
—	400,812
1,148	1,807,386
—	1,552,973

Acquisition and integration costs Total operating expenses

收购和整合费用总运营费用

1 Weighted average dilutive potential common shares outstanding used in calculating GAAP diluted net income per potential common share includes the following number of shares underlying certain stock option and stock unit awards: (i) 3.9 million and 3.0 million for the fourth quarter and year ended fiscal 2025, respectively; and (ii) 2.2 million and 1.2 million for the fourth quarter and year ended fiscal 2024, respectively.

1 用于计算 GAAP 稀释后每潜在普通股净收入的加权平均稀释潜在普通股流通股数包括以下某些股票期权和股票单位奖励所对应的股份数量：(i) 2025 财年第四季度和年度分别为 390 万和 300 万；(ii) 2024 财年第四季度和年度分别为 220 万和 120 万。

CIENA CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS

CIENA 公司简明合并资产负债表

(in thousands, except share data) (unaudited)

（以千为单位，除股份数据外）（未经审计）

ASSETS

资产

Current assets:

流动资产：

November 1,

截至 11 月 1 日，

2025

November 2,

截至 11 月 2 日，

2024

Cash and cash equivalents $ 1,091,952 $ 934,863

现金及现金等价物 $ 1,091,952 $ 934,863


Short-term investments	216,148	316,343
Accounts receivable, net	975,856	908,597
Inventories, net	826,235	820,430
Prepaid expenses and other	455,316	564,183
Total current assets	3,565,507	3,544,416
Long-term investments	57,142	80,920
Equipment, building, furniture and fixtures, net	386,779	337,722
Operating lease right-of-use assets	38,613	27,417
Goodwill	521,204	444,707
Other intangible assets, net	224,210	165,020
Deferred tax asset, net	884,889	886,441


短期投资	216,148	316,343
应收账款，净额	975,856	908,597
存货，净额	826,235	820,430
预付费用及其他	455,316	564,183
总流动资产	3,565,507	3,544,416
长期投资	57,142	80,920
设备、建筑、家具及固定装置，净额	386,779	337,722
租赁使用权资产	38,613	27,417
商誉	521,204	444,707
其他无形资产，净额	224,210	165,020
递延所得税资产，净额	884,889	886,441

Other long-term assets 186,323 154,694

其他长期资产 186,323 154,694

Total assets $ 5,864,667 $ 5,641,337

总资产 $ 5,864,667 $ 5,641,337

LIABILITIES AND STOCKHOLDERS’ EQUITY

负债和股东权益

Current liabilities:

流动负债：


Accounts payable	$ 542,841	$ 423,401
Accrued liabilities and other short-term obligations	531,081	393,905
Deferred revenue	208,936	156,379
Operating lease liabilities Current portion of long-term debt	13,956 11,580	14,455 11,700
Total current liabilities	1,308,394	999,840
Long-term deferred revenue	94,850	81,240
Other long-term obligations	175,426	185,938
Long-term operating lease liabilities	32,516	25,107


应付账款	$ 542,841	$ 423,401
应计负债及其他短期义务	531,081	393,905
递延收入	208,936	156,379
租赁负债长期债务的当前部分	13,956 11,580	14,455 11,700
总流动负债	1,308,394	999,840
长期递延收入	94,850	81,240
其他长期义务	175,426	185,938
长期租赁负债	32,516	25,107

Long-term debt, net 1,524,158 1,533,074

长期债务，净额 1,524,158 1,533,074

Total liabilities 3,135,344 2,825,199

总负债 3,135,344 2,825,199

Stockholders’ equity:

股东权益：


Preferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding	—	—
Common stock – par value $0.01; 290,000,000 shares authorized; 141,016,300 and 142,656,116 shares issued and outstanding	1,410	1,427
Additional paid-in capital	5,953,057	6,154,869
Accumulated other comprehensive loss	(55,035)	(46,711)


优先股 - 面值 $0.01；授权 20,000,000 股；未发行和流通的股份为零	—	—
普通股 - 面值 $0.01；授权 290,000,000 股；已发行和流通的股份为 141,016,300 和 142,656,116	1,410	1,427
额外实收资本	5,953,057	6,154,869
累计其他综合损失	(55,035)	(46,711)

Accumulated deficit (3,170,109) (3,293,447)

累计亏损 (3,170,109) (3,293,447)

Total stockholders’ equity 2,729,323 2,816,138

总股东权益 2,729,323 2,816,138

Total liabilities and stockholders’ equity $ 5,864,667 $ 5,641,337

总负债和股东权益 $ 5,864,667 $ 5,641,337

CIENA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

简明合并现金流量表

(in thousands) (unaudited)

（单位：千美元）（未经审计）

Year Ended November 1, November 2,

截至 11 月 1 日、11 月 2 日的年度


	2025	2024
Cash flows provided by operating activities:
Net income	$ 123,338	$ 83,956
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements	104,133	92,846
Abandonment of acquired in-process research and development	89,100	—
Share-based compensation expense	184,525	156,404
Amortization of intangible assets	36,205	40,624
Deferred taxes	(23,173)	(76,810)
Provision for inventory excess and obsolescence	48,424	77,341
Provision for warranty	24,442	25,643
Other	(736)	11,768
Changes in assets and liabilities:
Accounts receivable	(98,743)	80,313
Inventories	(53,602)	153,021
Prepaid expenses and other	86,204	(198,910)


	2025	2024
经营活动提供的现金流量：
净收入	$ 123,338	$ 83,956
调整以将净收入与经营活动提供的净现金对账：
设备、建筑、家具及固定装置的折旧，以及租赁改进的摊销	104,133	92,846
放弃已收购的在研研发	89,100	—
基于股份的薪酬费用	184,525	156,404
无形资产的摊销	36,205	40,624
递延税项	(23,173)	(76,810)
存货过剩和过时的准备	48,424	77,341
保修准备	24,442	25,643
其他	(736)	11,768
资产和负债的变动：
应收账款	(98,743)	80,313
存货	(53,602)	153,021
预付费用及其他	86,204	(198,910)


Operating lease right-of-use assets	11,613	11,837
Accounts payable, accruals and other obligations	226,486	64,255
Deferred revenue	63,760	9,884


租赁使用权资产	11,613	11,837
应付账款、应计和其他义务	226,486	64,255
递延收入	63,760	9,884

Short and long-term operating lease liabilities (15,883) (17,640)

短期和长期租赁负债 (15,883) (17,640)

Net cash provided by operating activities 806,093 514,532 Cash flows used in investing activities:

经营活动提供的净现金 806,093 514,532 投资活动使用的现金流量：


Payments for equipment, furniture, and fixtures	(140,801)	(136,641)
Purchases of investments	(214,162)	(287,536)
Proceeds from sales and maturities of investments	348,579	140,836
Settlement of foreign currency forward contracts, net	(4,015)	(1,454)
Purchase of equity investments	—	(21,682)


设备、家具和固定装置的支付	(140,801)	(136,641)
投资购买	(214,162)	(287,536)
投资销售和到期的收益	348,579	140,836
外汇远期合约的结算，净额	(4,015)	(1,454)
股权投资的购买	—	(21,682)

Acquisition of business, net of cash acquired (231,100) —

收购业务，扣除现金 (231,100) —

Net cash used in investing activities (241,499) (306,477)

投资活动使用的净现金 (241,499) (306,477)

Cash flows used in financing activities:

融资活动使用的现金流量：


Proceeds for modification of debt, net	19,175	—
Cash paid for extinguishment of debt	(19,175)	—
Payment of long term debt	(11,580)	(11,700)
Payment of debt issuance costs	(12)	(2,554)
Payment of finance lease obligations	(4,380)	(4,029)
Shares repurchased for tax withholdings on vesting of stock unit awards	(91,315)	(46,567)
Repurchases of common stock - repurchase program, net Proceeds from issuance of common stock	(334,507) 35,876	(254,502) 34,291
Net cash used in financing activities	(405,918)	(285,061)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,505)	1,246
Net increase (decrease) in cash, cash equivalents and restricted cash	157,171	(75,760)
Cash, cash equivalents and restricted cash at beginning of period	935,026	1,010,786
Cash, cash equivalents and restricted cash at end of period	$ 1,092,197	$ 935,026
Supplemental disclosure of cash flow information Cash paid during the period for interest, net	$ 85,217	$ 92,515
Cash paid during the period for income taxes, net	$ 113,608	$ 54,956
Operating lease payments	$ 17,840	$ 19,452
Non-cash investing and financing activities Purchase of equipment in accounts payable	$ 17,449	$ 14,682
Repurchase of common stock in accrued liabilities from repurchase program, net	$ 2,579	$ 6,172
Operating right-of-use assets subject to lease liability	$ 23,586	$ 6,912


债务修改的收益，净额	19,175	—
偿还债务支付的现金	(19,175)	—
长期债务的支付	(11,580)	(11,700)
债务发行成本的支付	(12)	(2,554)
融资租赁义务的支付	(4,380)	(4,029)
为税收扣缴而回购的股份	(91,315)	(46,567)
普通股回购 - 回购计划，净额普通股发行的收益	(334,507) 35,876	(254,502) 34,291
融资活动使用的净现金	(405,918)	(285,061)
汇率变动对现金、现金等价物和受限现金的影响	(1,505)	1,246
现金、现金等价物和受限现金的净增加（减少）	157,171	(75,760)
期初现金、现金等价物和受限现金	935,026	1,010,786
期末现金、现金等价物和受限现金	$ 1,092,197	$ 935,026
现金流量信息的补充披露期间支付的利息，净额	$ 85,217	$ 92,515
期间支付的所得税，净额	$ 113,608	$ 54,956
租赁支付	$ 17,840	$ 19,452
非现金投资和融资活动应付账款中的设备购买	$ 17,449	$ 14,682
从回购计划中应计负债中的普通股回购，净额	$ 2,579	$ 6,172
租赁负债下的使用权资产	$ 23,586	$ 6,912

APPENDIX A - Reconciliation of Adjusted (Non- GAAP) Measurements (in thousands, except per share data) (unaudited)

附录 A - 调整（非 GAAP）测量的对账（单位：千美元，除每股数据外）（未经审计）

Quarter Ended Year Ended November 1, November 2, November 1, November 2,

截至季度年度截至 11 月 1 日、11 月 2 日

2025 2024 2025 2024

Gross Profit Reconciliation (GAAP/non-GAAP)

毛利润对账（GAAP/非 GAAP）


$ 577,179	$ 460,022	$2,004,917	$1,719,590
1,964	1,736	7,774	6,474
3,857	3,257	15,184	12,743
3,750	2,764	10,447	11,055
9,571	7,757	33,405	30,272
$ 586,750	$ 467,779	$2,038,322	$1,749,862


$ 577,179	$ 460,022	$2,004,917	$1,719,590
1,964	1,736	7,774	6,474
3,857	3,257	15,184	12,743
3,750	2,764	10,447	11,055
9,571	7,757	33,405	30,272
$ 586,750	$ 467,779	$2,038,322	$1,749,862

GAAP gross profit

GAAP 毛利润

Share-based compensation-products Share-based compensation-services

基于股份的补偿 - 产品基于股份的补偿 - 服务

Amortization of intangible assets

无形资产摊销


Adjusted (non-GAAP) gross profit percentage	43.4%	41.6%	42.7%	43.6%
Operating Expense Reconciliation (GAAP/non-GAAP)
GAAP operating expense	$ 566,688 $	400,812 $	1,807,386 $	1,552,973
Share-based compensation-research and development	16,274	14,065	64,281	54,129
Share-based compensation-sales and marketing	13,543	11,168	52,066	42,954
Share-based compensation-general and administrative	13,248	10,842	45,424	40,053
Significant asset impairments and restructuring costs	106,851	2,605	112,113	24,592
Amortization of intangible assets	6,112	7,185	25,758	29,569
Acquisition and integration costs	1,148	—	1,148	—


调整后的（非 GAAP）毛利率	43.4%	41.6%	42.7%	43.6%
营业费用调整（GAAP/非 GAAP）
GAAP 营业费用	$ 566,688 $	400,812 $	1,807,386 $	1,552,973
基于股份的补偿 - 研发	16,274	14,065	64,281	54,129
基于股份的补偿 - 销售和市场	13,543	11,168	52,066	42,954
基于股份的补偿 - 一般和行政	13,248	10,842	45,424	40,053
重大资产减值和重组费用	106,851	2,605	112,113	24,592
无形资产摊销	6,112	7,185	25,758	29,569
收购和整合费用	1,148	—	1,148	—

Total adjustments related to gross profit Adjusted (non-GAAP) gross profit

与毛利相关的总调整调整后的（非 GAAP）毛利


802	—	802	—
157,978	45,865	301,592	191,297
$ 408,710	$ 354,947	$1,505,794	$1,361,676


802	—	802	—
157,978	45,865	301,592	191,297
$ 408,710	$ 354,947	$1,505,794	$1,361,676

Holdback arrangement

保留安排

Total adjustments related to operating expense Adjusted (non-GAAP) operating expense

与营业费用相关的总调整调整后的（非 GAAP）营业费用


$ 10,491	$ 59,210	$ 197,531	$ 166,617
9,571	7,757	33,405	30,272
157,978	45,865	301,592	191,297
167,549	53,622	334,997	221,569
$ 178,040	$ 112,832	$ 532,528	$ 388,186


$ 10,491	$ 59,210	$ 197,531	$ 166,617
9,571	7,757	33,405	30,272
157,978	45,865	301,592	191,297
167,549	53,622	334,997	221,569
$ 178,040	$ 112,832	$ 532,528	$ 388,186

Income from Operations Reconciliation (GAAP/non-GAAP)

营业收入调整（GAAP/非 GAAP）

GAAP income from operations

GAAP 营业收入

Total adjustments related to gross profit

与毛利相关的总调整

Total adjustments related to operating expense

与营业费用相关的总调整

Total adjustments related to income from operations Adjusted (non-GAAP) income from operations

与营业收入相关的总调整调整后的（非 GAAP）营业收入

Adjusted (non-GAAP) operating margin percentage 13.2% 10.0% 11.2% 9.7%

调整后的（非 GAAP）营业利润率 13.2% 10.0% 11.2% 9.7%

Net Income Reconciliation (GAAP/non-GAAP)

净收入调整（GAAP/非 GAAP）


$ 19,489	$ 37,028	$ 123,338	$ 83,956
(16,631)	10,993	32,949	35,894
2,858	48,021	156,287	119,850
167,549	53,622	334,997	221,569
—	—	729	—
170,407	101,643	492,013	341,419
37,490	22,361	108,243	75,112
$ 132,917	$ 79,282	$ 383,770	$ 266,307


$ 19,489	$ 37,028	$ 123,338	$ 83,956
(16,631)	10,993	32,949	35,894
2,858	48,021	156,287	119,850
167,549	53,622	334,997	221,569
—	—	729	—
170,407	101,643	492,013	341,419
37,490	22,361	108,243	75,112
$ 132,917	$ 79,282	$ 383,770	$ 266,307

GAAP net income

GAAP 净收入

Exclude GAAP provision (benefit) for income taxes Income before income taxes

排除 GAAP 所得税准备（收益）所得税前收入

Total adjustments related to income from operations

与营业收入相关的总调整

Loss on extinguishment and modification of debt Adjusted income before income taxes

债务的清偿和修改损失调整后的所得税前收入

Non-GAAP tax provision on adjusted income before income taxes Adjusted (non-GAAP) net income

调整后的所得税准备非 GAAP 净收入


Weighted average basic common shares outstanding 141,527	144,240	142,221	144,715
Weighted average dilutive potential common shares outstanding 1 145,470	146,487	145,248	145,964
Net Income per Common Share GAAP diluted net income per potential common share $ 0.13	$ 0.25	$ 0.85	$ 0.58
Adjusted (non-GAAP) diluted net income per potential common share $ 0.91	$ 0.54	$ 2.64	$ 1.82


加权平均基本普通股流通股数 141,527	144,240	142,221	144,715
加权平均稀释潜在普通股流通股数 1 145,470	146,487	145,248	145,964
每股净收入 GAAP 稀释每股潜在净收入 $ 0.13	$ 0.25	$ 0.85	$ 0.58
调整后的（非 GAAP）稀释每股潜在净收入 $ 0.91	$ 0.54	$ 2.64	$ 1.82

1 Weighted average dilutive potential common shares outstanding used in calculating Adjusted (non-GAAP) diluted net income per potential common share includes the following number of shares underlying certain stock option and stock unit awards: (i) 3.9 million and 3.0 million for the fourth quarter and year ended fiscal 2025; and (ii) 2.2 million and 1.2 million for the fourth quarter and year ended fiscal 2024.

1 用于计算调整后的（非 GAAP）稀释每股潜在净收入的加权平均稀释潜在普通股流通股数包括以下股票数量： (i) 390 万和 300 万为 2025 财年第四季度和全年；以及 (ii) 220 万和 120 万为 2024 财年第四季度和全年。

APPENDIX B - Calculation of EBITDA and Adjusted EBITDA (in thousands) (unaudited)

附录 B - EBITDA 和调整后 EBITDA 的计算（以千为单位）（未经审计）

Quarter Ended Year Ended

截至季度年度结束


	November	November	November	November
1,	2,	1,	2,
2025	2024	2025	2024
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA)


	11 月	11 月	11 月	11 月
1,	2,	1,	2,
2025	2024	2025	2024
利息、税项、折旧和摊销前的收益（EBITDA）


$ 19,489	$ 37,028	$ 123,338	$ 83,956
21,982	24,990	89,403	97,028
14,349	13,801	48,888	50,261
—	—	729	—
(16,631)	10,993	32,949	35,894
27,496	23,849	104,133	92,846
9,862	9,949	36,205	40,624


$ 19,489	$ 37,028	$ 123,338	$ 83,956
21,982	24,990	89,403	97,028
14,349	13,801	48,888	50,261
—	—	729	—
(16,631)	10,993	32,949	35,894
27,496	23,849	104,133	92,846
9,862	9,949	36,205	40,624

Net income (GAAP) Add: Interest expense

净收入（GAAP）加：利息费用

Less: Interest and other income, net

减：利息和其他收入，净额

Add: Loss on extinguishment and modification of debt Add: Provision (benefit) for income taxes

加：债务的清偿和修改损失加：所得税准备（收益）

Add: Depreciation of equipment, building, furniture and fixtures, and amortization of leasehold improvements

加：设备、建筑、家具和固定装置的折旧，以及租赁改良的摊销

Add: Amortization of intangible assets

加：无形资产的摊销


EBITDA	$ 47,849	$ 93,008 $	337,869	$ 300,087
Add: Share-based compensation expense	48,886	41,068	184,729	156,353
Add: Significant asset impairments and restructuring costs	106,851	2,605	112,113	24,592
Add: Acquisition and integration costs	1,148	—	1,148	—
Add: Holdback arrangement	802	—	802	—
Adjusted EBITDA	$ 205,536	$ 136,681 $	636,661	$ 481,032


EBITDA	$ 47,849	$ 93,008 $	337,869	$ 300,087
加：基于股份的补偿费用	48,886	41,068	184,729	156,353
加：重大资产减值和重组费用	106,851	2,605	112,113	24,592
加：收购和整合费用	1,148	—	1,148	—
加：保留安排	802	—	802	—
调整后的 EBITDA	$ 205,536	$ 136,681 $	636,661	$ 481,032

* * *

The adjusted (non-GAAP) measures above and their reconciliation to Ciena's GAAP results for the periods presented reflect adjustments relating to the following items:

上述调整后的（非 GAAP）指标及其与 Ciena GAAP 结果的对比反映了与以下项目相关的调整：

Share-based compensation - a non-cash expense incurred in accordance with share-based compensation accounting guidance.

基于股份的补偿 - 根据基于股份的补偿会计指导产生的非现金费用。

Significant asset impairments and restructuring costs - non-recurring costs primarily reflecting expenses associated with significant impairment or abandonment of assets and actions Ciena has taken to restructure our business, including reductions in force, facility optimization, and the redesign of business processes. For the fiscal fourth quarter and fiscal year of 2025, this also includes a charge of $89.1 million related to the abandonment of an in-process R&D intangible asset.

重大资产减值和重组费用 - 非经常性费用，主要反映与重大资产减值或放弃资产相关的费用，以及 Ciena 为重组业务所采取的措施，包括裁员、设施优化和业务流程重新设计。对于 2025 财年的第四季度和全年，这还包括与放弃一个正在进行的研发无形资产相关的 8900 万美元的费用。

Amortization of intangible assets - a non-cash expense arising from the acquisition of intangible assets, principally developed technologies and customer-related intangibles, that Ciena is required to amortize over an expected useful life. Acquisition and integration costs - consists of financial, legal, and accounting advisors and employee-related costs related to our acquisition of Nubis Communications, Inc. during the fourth quarter of fiscal 2025.

无形资产摊销 - 由于收购无形资产（主要是开发技术和与客户相关的无形资产）而产生的非现金费用，Ciena 需要在预期的使用寿命内进行摊销。收购和整合成本 - 包括与我们在 2025 财年第四季度收购 Nubis Communications, Inc.相关的财务、法律和会计顾问费用以及员工相关费用。

Holdback arrangement - reflects a one-time holdback of a portion of the merger consideration otherwise payable at closing to certain key employee shareholders of Nubis Communications, Inc. who became employees of Ciena, which is treated as contingent compensation for GAAP reporting purposes. These transaction-related amounts are not part of Ciena's standard compensation and benefits.

保留安排 - 反映了对 Nubis Communications, Inc.的某些关键员工股东在交易完成时应支付的合并对价的一次性保留，这些股东成为了 Ciena 的员工，该保留被视为 GAAP 报告目的下的或有补偿。这些与交易相关的金额不属于 Ciena 的标准薪酬和福利。

Loss on extinguishment and modification of debt - reflects extinguishment and debt modification expenses related to refinancing our term loan during the first quarter of fiscal 2025.

债务的解除和修改损失 - 反映了与我们在 2025 财年第一季度重新融资定期贷款相关的解除和债务修改费用。

Non-GAAP tax provision - consists of current and deferred income tax expense commensurate with the level of adjusted income before income taxes and utilizes a current, blended U.S. and foreign statutory annual tax rate of 22.0% for all fiscal periods of fiscal 2025 and fiscal 2024. This rate may be subject to change in the future, including as a result of changes in tax policy or tax strategy. The Non-GAAP tax provision excludes the impact of a $21.6 million tax benefit in the fourth quarter of fiscal 2025 related to the expiration of the statute of limitations on previously uncertain tax positions.

非 GAAP 税务准备金 - 包括与调整后的税前收入水平相称的当前和递延所得税费用，并对 2025 财年和 2024 财年的所有财务期间采用 22.0% 的当前混合美国和外国法定年税率。该税率可能会因未来税收政策或税收战略的变化而有所调整。非 GAAP 税务准备金不包括与 2025 财年第四季度相关的 2160 万美元税收利益的影响，该利益与之前不确定税务立场的时效期限到期有关。

View source version on businesswire.com: https://www.businesswire.com/news/home/20251210284278/en/

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讯远通信公布 2025 财年第四季度及全年财务结果