Gary Smith on hyperscaler capex
From Ciena Q2 FY26 Earnings Call | $CIEN | 🔴 WATCH LIVE · · Benzinga
“Given the priority to monetize somewhat constrained compute investments, we expect an increasingly larger proportion of that spend will be directed towards network infrastructure. Importantly, service providers are also reinvesting in network infrastructure after several years. This is creating net new opportunities with service providers across longhaul metro and managed optical fiber networks or MOFIN.”
On , Gary Smith, Chief Executive Officer, President & Director at CIENA CORP, spoke about hyperscaler capex during Ciena Q2 FY26 Earnings Call | $CIEN | 🔴 WATCH LIVE on Benzinga.
About Gary Smith
Gary Smith, president and CEO of Ciena, has appeared on the company’s recent quarterly earnings calls, where he reported strong financial results. In the fiscal second quarter of 2026, he said Ciena grew revenue 40% year-over-year to $1.57 billion, expanded adjusted gross margin to 44.9%, and nearly quadrupled adjusted earnings per share to $1.64. Smith attributed the performance to the company’s technology leadership and deep customer relationships, and described the demand environment as “incredibly strong,” with direct orders from cloud providers accounting for half of orders in the fiscal first quarter of 2026. He noted that Ciena’s backlog increased to approximately $7 billion and that nearly all new orders are being taken for fulfillment in fiscal 2027, providing what he called “ongoing confidence” in the