Ciena reaffirmed its previously-issued guidance for its fiscal second quarter and full year 2023, along with its previous statements with respect to both the demand environment and the normalization of backlog and inventory dynamics.
On March 6, 2023, Ciena provided its business outlook for fiscal second quarter 2023, including revenue of $1,035M to $1,115M, adjusted gross margin of low 40s%, and adjusted operating expense of approximately $335M. In addition, Ciena provided its fiscal full year 2023 outlook, including revenue growth of 20% to 22%, adjusted gross margin of 42% to 44%, and adjusted operating expense of approximately $330M per quarter for the remainder of the fiscal year.
