Ciena reported record orders of $7.8B for fiscal 2025, driven by hyperscaler demand for optical networking gear to support AI data centers. Revenue hit $4.77B, up 19% year-over-year, with routing and switching sales jumping 49% as customers deployed 3005 series equipment for direct-connect optical modules.
The company's 800G WaveLogic 6 Nano pluggables generated $168M in revenue, more than doubling prior-year sales. CEO Gary Smith said "hundreds of millions of dollars" in additional hyperscaler contracts are in advanced pipeline discussions, targeting fiscal 2026 revenue guidance of $5.7B to $6.1B.
Micron held an official groundbreaking for its New York chip megafab in January, designed to produce memory chips for AI accelerators. Google Cloud CEO Thomas Kurian said the facility "will strengthen the domestic supply chain and support innovation required to meet accelerating AI demand."
Nvidia received China export approval for its H200 GPU, expanding access to advanced AI chips despite prior regulatory restrictions. The approval comes as President Trump moved to limit state-level AI regulations, streamlining compliance for data center operators.
Liquid cooling deployments are accelerating as chip power densities rise. Ciena's reconfigurable line systems grew 72% year-over-year, reflecting network bottlenecks from AI training clusters that require high-bandwidth interconnects.
DMG Blockchain Solutions shifted mining equipment to prioritize profitability over hashrate, receiving a $1.5M energy efficiency incentive in February. The company adjusted operations to reduce power consumption as data center energy costs climbed.
Mawson Infrastructure Group adopted a stockholder rights agreement while stating it "does not preclude the Board from considering proposals" that benefit shareholders, signaling potential M&A activity in the infrastructure sector.
Ciena expects operating margins to reach 17% in fiscal 2026, up from 11.2% in 2025, as scale efficiencies offset $250M to $275M in capex for 3nm chip mask sets and production capacity. The company ended 2025 with $5B in backlog, including $3.8B in hardware and software orders.