en.Wedoany.com Reported - Ciena reported revenue of $1.57 billion for its second fiscal quarter ended May 2, 2026, a 39.5% increase year-over-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $283.1 million, up 324.4% year-over-year. The vendor's gross margin improved to 44% from 40.2% in the same period last year, while its operating margin jumped from 2.9% to 15.1%. President and CEO Gary Smith stated that the results reflect the strength of the product portfolio, the power of the business model, and execution in a dynamic supply environment. Ciena raised its full-year sales forecast to approximately $6.3 billion, representing growth of about 32% over last year. Despite financial results exceeding analyst expectations, Ciena's shares fell 18.3% in early trading Thursday to $507.25. However, the company's stock has risen more than 645% over the past year.
SK Telecom has joined Anthropic's Project Glasswing, which expanded this week to include 150 additional companies. The initiative, established by Anthropic in April, aims to test the safety of its new frontier large language model (LLM), Claude Mythos. SK Telecom stated it has gained access to Claude Mythos Preview and will conduct testing in accordance with agreements and governance guidelines to enhance the security of telecommunications and AI infrastructure. In mid-May, Verizon became the first telecom company to join the project.
Contract technology manufacturer Foxconn (also known as Hon Hai Technology Group) has entered into a strategic partnership with Intel to "jointly accelerate the development and deployment of next-generation AI infrastructure and intelligent computing platforms." The collaboration covers AI solutions across silicon, rack, system, and application layers, and involves large-scale deployment of edge and physical AI applications. Foxconn is also partnering with SK Group, the parent company of SK Telecom, to develop AI servers, AI data centers, and energy solutions. The two parties also discussed collaboration opportunities in robotics, energy management, and battery technology.
SpaceX has disclosed IPO pricing details, planning to list on the Nasdaq on June 12. The company is raising $75 billion by issuing 555,555,555 shares at $135 per share, with an overall valuation of $1.75 trillion. SpaceX previously filed documents with the U.S. Securities and Exchange Commission (SEC), stating it has identified "the largest actionable total addressable market (TAM) in human history," valued at $28.5 trillion, of which $26.5 trillion is related to the xAI business and $1.6 trillion is related to the Starlink connectivity business. Within the $1.6 trillion, the addressable market for Starlink broadband is valued at $870 billion, while Starlink Mobile, the direct-to-device (D2D) business, is valued at $740 billion.
IBM and Google Cloud have announced a new Google Cloud practice aimed at helping organizations "scale AI into production and modernize core systems." The practice combines IBM's industry expertise and AI-driven platform IBM Consulting Advantage with Google Cloud's Gemini Enterprise Agent platform, cybersecurity, and data capabilities. IBM is creating a portfolio of industry-specific AI agents optimized for Gemini Enterprise, built on IBM Consulting Advantage, supporting use cases in banking, government, retail, telecommunications, energy, security, insurance, and life sciences.
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