From AT&T to Ciena: Tracking optical earnings in Q3 2024

The third-quarter 2024 earnings reporting season has begun, and Lightwave+BTR is tracking how key players in the optical networking industry segment—which includes optical vendors and business service providers--performed.

Please check here for updates on service providers, vendors and integrators in this segment.

Check out how Lightwave+BTR tracks the broadband industry's results for the third quarter.

Also, check out our Q4 2023, Q1 2024 and Q2 2024 earnings coverage. 

Oct. 15

Ekinops
www.ekinops.com
Ekinops returned to growth in the third quarter, with revenue rising 9% sequentially to $33 million. Still, the French-based company's slower service provider spending in the optical segment remains challenging.  
- see our coverage

Oct. 22
Verizon
www.verizon.com
Verizon reported that the third quarter's total operating revenue was $33.3 billion, which was flat compared to the third quarter of 2023. 
- see our broadband coverage 

Oct. 23

AT&T
www.att.com
AT&T has continued to increase its fiber footprint, with 226,000 AT&T Fiber net adds in the third quarter—and this comes despite a hurricane-induced 30-day work stoppage in the Southeast portion of the company’s footprint. 
- see our coverage 

Ribbon Communications
www.ribboncommunications.com
Ribbon reported third-quarter sales of $210 million, a 3.5% year-over-year increase fueled by optical and federal sales gains.
- see our coverage

Oct. 29

Corning
www.corning.com
Corning's optical communications unit saw a revenue comeback in the third quarter, reporting $1.2 billion in revenues as it inked deals with AT&T and Lumen.
- see our coverage

Nov. 1

TDS Telecom
www.tdsinc.com
TDS Telecom reported adding 2,700 residential broadband net adds in the quarter, contributing to 4% growth in residential broadband connections year-over-year.
- see our coverage 

Nov. 5

Frontier
www.frontier.com
Frontier's fiber broadband fortunes rose during the third quarter as the telco saw increased fiber broadband passings and overall fiber broadband customers. These results came on the eve of Frontier’s shareholders approving Verizon’s acquisition of the provider.
- see our coverage

Lumen
www.lumen.com
Lumen reported third-quarter total revenue of $3.2 billion, down from $3.641 billion for the third quarter of 2023.
- see our coverage 

Nov. 7

Adtran 
www.adtran.com
Adtran reported $227.7 million in revenue, a sequential increase and above the midpoint of the company’s guidance.
- see our coverage 

Cogent Communications
www.cogentco.com

Lumentum
www.lumentum.com

Nov. 13

Cisco
www.cisco.com
Cisco delivered $13.8 billion in revenue for its first fiscal quarter of 2025, and the company reported that acquisitions, product order momentum, and a focus on AI have it positioned for growth.
- see our coverage

Nov. 20

Dycom
www.dycomind.com
As Dycom’s key customers ramped up builds during the quarter, the company reported that contract revenues were $1.27 billion, up 12% compared to the third quarter of 2024.
- see our coverage

Dec. 12

Ciena
www.ciena.com
Ciena reported revenue of $1.12 billion for the fiscal fourth quarter of 2024, as compared to $1.13 billion for the fiscal fourth quarter of 2023.
- see our coverage