The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: David Vogt - UBS Investment Bank, Research Division - Analyst
: Great. I just want come back to -- my line cut out earlier. I just want to come back to the lack of supply in specifically ICs. I guess it's
our understanding that this is a fairly well-known headwind. And I guess I'm just curious, how do you square that commentary that
the book-to-bill and backlog are strong. But I would imagine your customers are incredibly sophisticated. They know their shortages
of ICs.
So is there a risk that they've already adjusted their order cadence a little bit earlier. And so that raises some risk that there could be
an air pocket later, maybe not this year, but into 2023?
And then I didn't hear any discussion of maybe what a recession might look like next year. If we do move into a more slower growth
GDP environment, what that would look like for your -- not only your order growth and your backlog, but what your customers
might respond to? And then I have a follow-up on the numbers being pushed out into next year.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JUNE 02, 2022 / 12:30PM, CIEN.N - Q2 2022 Ciena Corp Earnings Call
Question: David Vogt - UBS Investment Bank, Research Division - Analyst
: Great. Maybe just as a quick follow-up, that's helpful. So given lead times, at least appear to be persistently long and not tightening
here in the near term, how would you handicap sort of that $250 million revenue shortfall, the likelihood of being able to capture
that next year, given where lead times are and where commits are at this point and your purchase order commitments, right?
So -- I mean, obviously, it's a difficult visible -- difficult visibility to predict, but you mentioned that you'll obviously think you'll grow
fast, 6% to 8%, next year, but is the expectation based on your order book and where your supply chain is today that you'd be able
to capture most, if not all, of that next year?
|
