CiscoCSCOEarnings & Financial Report
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
Revenue
$14.9B
Gross Profit
$9.7B
Operating Profit
$3.4B
Net Profit
$2.9B
Gross Margin
65.5%
Operating Margin
22.6%
Net Margin
19.2%
YoY Growth
7.5%
EPS
$0.72
Cisco Q1 FY2026 Financial Summary
Cisco reported revenue of $14.9B (up 7.5% YoY) for Q1 FY2026, with a net profit of $2.9B (up 5.5% YoY) (19.2% margin). Cost of goods sold was $5.1B, operating expenses totaled $6.4B.
Key Financial Metrics
| Total Revenue | $14.9B |
|---|---|
| Net Profit | $2.9B |
| Gross Margin | 65.5% |
| Operating Margin | 22.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Cisco Q1 FY2026 revenue of $14.9B breaks down across 6 segments, led by Subscription Revenue Product at $4.5B (30.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription Revenue Product | $4.5B | 30.1% |
| Services | $3.7B | 24.9% |
| Subscription Revenue Service | $3.4B | 22.6% |
| Security | $2.0B | 13.6% |
| Collaboration | $1.1B | 7.1% |
| Observability | $277.0M | 1.9% |
Cisco Revenue by Segment — Quarterly Trend
Cisco revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscription Revenue Product and Services) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Subscription Revenue Product | — | $4.5B | — | — |
| Services | $3.7B | $3.7B | — | — |
| Subscription Revenue Service | — | $3.4B | $3.5B | — |
| Security | $2.0B | $2.0B | $2.0B | $2.0B |
| Collaboration | $1.1B | $1.1B | $1.1B | $1.0B |
Cisco Annual Revenue by Year
Cisco annual revenue history includes year-by-year totals (for example, 2025 revenue was $56.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $56.7B |
| 2024 | $53.8B |
Cisco Quarterly Revenue & Net Profit History
Cisco results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $15.3B | +9.7% | $3.2B | 20.7% |
| Q1 FY2026 | $14.9B | +7.5% | $2.9B | 19.2% |
| Q4 FY2025 | $14.7B | +7.6% | $2.5B | 17.4% |
| Q3 FY2025 | $14.1B | +11.4% | $2.5B | 17.6% |
| Q2 FY2025 | $14.0B | +9.4% | $2.4B | 17.4% |
| Q1 FY2025 | $13.8B | -5.6% | $2.7B | 19.6% |
| Q4 FY2024 | $13.6B | -10.3% | $2.2B | 15.8% |
| Q3 FY2024 | $12.7B | -12.8% | $1.9B | 14.8% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.70B | $13.64B | $13.84B | $13.99B | $14.15B | $14.67B | $14.88B | $15.35B |
| YoY Growth | -12.8% | -10.3% | -5.6% | 9.4% | 11.4% | 7.6% | 7.5% | 9.7% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $123.00B | $124.41B | $123.33B | $121.38B | $119.78B | $122.29B | $121.10B | $123.37B |
| Liabilities | $77.23B | $78.96B | $78.06B | $75.84B | $73.85B | $75.45B | $74.23B | $75.65B |
| Equity | $45.77B | $45.46B | $45.28B | $45.53B | $45.94B | $46.84B | $46.87B | $47.72B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.97B | $3.73B | $3.66B | $2.24B | $4.06B | $4.23B | $3.21B | $1.82B |