CSCO

MKT CAP:$352B

Cisco Systems, Inc.

Market Cap

$352B

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$89.16+$13.12 (+17.25%)

Apr 24, 2026

Company Details

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific,...

CEO

Charles H. Robbins

IPO Date

Feb 16, 1990

Website

www.cisco.com

Key Metrics TTM

Revenue

$59.1B

+9.0% YoY

Net Income

$11.1B

EPS (Diluted)

$2.77

Free Cash Flow

$12.8B

Revenue / Share

$14.81

Gross Margin

64.8%

Operating Margin

22.7%

Net Margin

18.8%

FCF Margin

21.8%

P/S

6.0x

P/E

31.8x

Earnings Reports

Q3 2026

May 13, 2026

PENDING

Q2 2026

Feb 17, 2026

$15.3B+9.7%EPS $0.79

Q1 2026

Nov 18, 2025

$14.9B+7.5%EPS $0.72

Q4 2025

Sep 3, 2025

$14.7B+7.6%EPS $0.64

Q3 2025

May 20, 2025

$14.1B+11.4%EPS $0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$12.8B	$8.1B	$3.6B
Q4 22	$13.1B	$8.0B	$3.5B
Q1 23	$13.6B	$8.3B	$3.5B
Q2 23	$13.6B	$8.4B	$3.3B
Q3 23	$14.6B	$9.2B	$3.9B
Q4 23	$15.2B	$9.7B	$4.3B
Q1 24	$14.7B	$9.6B	$4.3B
Q2 24	$12.8B	$8.2B	$3.1B
Q3 24	$12.7B	$8.3B	$2.2B
Q4 24	$13.6B	$8.8B	$2.6B
Q1 25	$13.8B	$9.1B	$2.4B
Q2 25	$14.0B	$9.1B	$3.1B
Q3 25	$14.1B	$9.3B	$3.2B
Q4 25	$14.7B	$9.3B	$3.1B
Q1 26	$14.9B	$9.7B	$3.4B
Q2 26	$15.3B	$10.0B	$3.8B

Valuation

Quarter	P/S	P/E
Q3 22	4.0x	17.1x
Q4 22	3.6x	15.7x
Q1 23	3.6x	16.2x
Q2 23	3.7x	17.4x
Q3 23	3.5x	16.8x
Q4 23	3.7x	16.7x
Q1 24	3.6x	15.4x
Q2 24	3.7x	15.7x
Q3 24	3.5x	15.8x
Q4 24	3.6x	18.6x
Q1 25	4.2x	23.4x
Q2 25	4.3x	25.6x
Q3 25	4.0x	23.0x
Q4 25	4.7x	26.4x
Q1 26	4.9x	27.3x
Q2 26	5.2x	27.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$3.7B	$3.6B
Q4 22	$3.7B	$3.5B
Q1 23	$4.0B	$3.8B
Q2 23	$4.7B	$4.6B
Q3 23	$5.2B	$4.9B
Q4 23	$6.0B	$5.7B
Q1 24	$2.4B	$2.2B
Q2 24	$808M	$638M
Q3 24	$4.0B	$3.8B
Q4 24	$3.7B	$3.5B
Q1 25	$3.7B	$3.4B
Q2 25	$2.2B	$2.0B
Q3 25	$4.1B	$3.8B
Q4 25	$4.2B	$4.0B
Q1 26	$3.2B	$2.9B
Q2 26	$1.8B	$2.1B

Capital Expenditures

Quarter	CapEx
Q3 22	$106M
Q4 22	$139M
Q1 23	$176M
Q2 23	$170M
Q3 23	$270M
Q4 23	$233M
Q1 24	$134M
Q2 24	$170M
Q3 24	$168M
Q4 24	$198M
Q1 25	$217M
Q2 25	$210M
Q3 25	$261M
Q4 25	$217M
Q1 26	$323M
Q2 26	$323M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+0.2%	-1.2%
Q4 22	-0.2%	+0.8%
Q1 23	+5.7%	+6.7%
Q2 23	+6.9%	+11.6%
Q3 23	+13.5%	+15.2%
Q4 23	+16.0%	+13.7%
Q1 24	+7.6%	+3.0%
Q2 24	-5.9%	-5.9%
Q3 24	-12.8%	-1.1%
Q4 24	-10.3%	+0.7%
Q1 25	-5.6%	+10.5%
Q2 25	+9.4%	+12.2%
Q3 25	+11.4%	+4.1%
Q4 25	+7.6%	+5.1%
Q1 26	+7.5%	+0.3%
Q2 26	+9.7%	+6.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$477M	3.7%
Q4 22	$479M	3.7%
Q1 23	$496M	3.6%
Q2 23	$601M	4.4%
Q3 23	$623M	4.3%
Q4 23	$633M	4.2%
Q1 24	$661M	4.5%
Q2 24	$802M	6.3%
Q3 24	$811M	6.4%
Q4 24	$800M	5.9%
Q1 25	$827M	6.0%
Q2 25	$921M	6.6%
Q3 25	$945M	6.7%
Q4 25	$948M	6.5%
Q1 26	$1.1B	7.1%
Q2 26	$934M	6.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 22	$1.7B	$517M	$2.2B
Q4 22	$1.7B	$489M	$2.3B
Q1 23	$1.8B	$565M	$2.4B
Q2 23	$1.9B	$582M	$2.4B
Q3 23	$2.0B	$641M	$2.5B
Q4 23	$2.0B	$690M	$2.6B
Q1 24	$1.9B	$672M	$2.5B
Q2 24	$1.9B	$642M	$2.5B
Q3 24	$1.9B	$736M	$2.6B
Q4 24	$2.2B	$763M	$2.8B
Q1 25	$2.3B	$795M	$2.8B
Q2 25	$2.3B	$752M	$2.7B
Q3 25	$2.3B	$739M	$2.7B
Q4 25	$2.4B	$706M	$2.8B
Q1 26	$2.4B	$733M	$2.9B
Q2 26	$2.4B	$688M	$2.9B

Revenue Segments

Quarter	Collaboration	End-to-End Security	Internet for the Future	Optimized Application Experiences	Other Products	Secure, Agile Networks	Service	Networking	Observability	Security
Q3 22	$1.1B	$938M	$1.3B	$183M	$2M	$5.9B	$3.4B	—	—	—
Q1 23	$1.1B	$971M	$1.3B	$193M	$2M	$6.7B	$3.4B	—	—	—
Q2 23	$958M	$943M	$1.3B	$199M	$3M	$6.7B	$3.4B	—	—	—
Q3 23	$985M	$958M	$1.4B	$204M	$3M	$7.5B	$3.5B	—	—	—
Q1 24	$1.1B	—	—	—	—	—	$3.5B	$8.8B	$190M	$1.0B
Q2 24	$989M	—	—	—	—	—	$3.6B	$7.1B	$188M	$973M
Q3 24	$987M	—	—	—	—	—	$3.7B	$6.5B	$212M	$1.3B
Q4 24	$1.0B	—	—	—	—	—	$3.8B	$6.8B	$247M	$1.8B
Q1 25	$1.1B	—	—	—	—	—	$3.7B	$6.8B	$258M	$2.0B
Q2 25	$996M	—	—	—	—	—	$3.8B	$6.8B	$277M	$2.1B
Q3 25	$1.0B	—	—	—	—	—	$3.8B	$7.1B	$261M	$2.0B
Q4 25	$1.0B	—	—	—	—	—	$3.8B	$7.6B	$259M	$2.0B
Q2 26	$1.1B	—	—	—	—	—	$3.7B	$8.3B	$277M	$2.0B

Revenue by Geography

Quarter	Asia Pacific Japan And China	Europe Middle East And Africa	United States
Q3 22	$1.9B	$3.3B	$7.6B
Q1 23	$2.0B	$3.7B	$7.9B
Q2 23	$2.0B	$3.7B	$7.8B
Q3 23	$2.1B	$3.8B	$8.6B
Q1 24	$2.0B	$3.7B	$9.0B
Q2 24	$1.8B	$3.5B	$7.5B
Q3 24	$1.9B	$3.5B	$7.4B
Q4 24	$2.1B	$3.5B	$8.1B
Q1 25	$2.0B	$3.6B	$8.3B
Q2 25	$1.9B	$3.9B	$8.2B
Q3 25	$2.0B	$3.7B	$8.4B
Q4 25	$2.2B	$3.6B	$8.8B
Q2 26	$2.1B	$4.4B	$8.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$7.0B	$13.2B	$20.1B
Q4 22	$7.1B	$12.2B	$19.3B
Q1 23	$7.3B	$12.5B	$19.8B
Q2 23	$9.0B	$13.1B	$22.1B
Q3 23	$8.0B	$15.2B	$23.3B
Q4 23	$10.1B	$16.0B	$26.1B
Q1 24	$9.6B	$13.9B	$23.5B
Q2 24	$13.7B	$12.0B	$25.7B
Q3 24	$8.9B	$9.9B	$18.8B
Q4 24	$7.5B	$10.3B	$17.9B
Q1 25	$9.1B	$9.6B	$18.7B
Q2 25	$8.6B	$8.3B	$16.9B
Q3 25	$8.2B	$7.5B	$15.6B
Q4 25	$8.3B	$7.8B	$16.1B
Q1 26	$8.4B	$7.3B	$15.7B
Q2 26	$7.5B	$8.3B	$15.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	4.17B	-0.8%	-1.6%
Q4 22	4.14B	-0.8%	-2.3%
Q1 23	4.12B	-0.5%	-3.0%
Q2 23	4.12B	0.0%	-2.1%
Q3 23	4.11B	-0.1%	-1.4%
Q4 23	4.09B	-0.4%	-1.1%
Q1 24	4.09B	-0.1%	-0.7%
Q2 24	4.07B	-0.3%	-1.0%
Q3 24	4.06B	-0.3%	-1.2%
Q4 24	4.04B	-0.6%	-1.4%
Q1 25	4.01B	-0.5%	-1.8%
Q2 25	4.00B	-0.2%	-1.7%
Q3 25	4.00B	-0.0%	-1.4%
Q4 25	3.99B	-0.3%	-1.1%
Q1 26	3.99B	+0.0%	-0.5%
Q2 26	3.99B	-0.2%	-0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$161.4K	80K
Q4 22	$157.3K	83K
Q1 23	$163.6K	83K
Q2 23	$163.2K	83K
Q3 23	$174.9K	83K
Q4 23	$179.1K	85K
Q1 24	$172.8K	85K
Q2 24	$150.7K	85K
Q3 24	$149.6K	85K
Q4 24	$150.9K	90K
Q1 25	$153.1K	90K
Q2 25	$154.8K	90K
Q3 25	$156.5K	90K
Q4 25	$170.2K	86K
Q1 26	$172.7K	86K
Q2 26	$178.1K	86K

Revenue / Employee