CSCO (Cisco Systems, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

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, th...

CEOCharles H. Robbins

Country🇺🇸 United States

ExchangeNASDAQ

IPOFeb 16, 1990

www.cisco.com

Revenue$15.3B

YoY Growth+9.7%

QoQ Growth+3.1%

Net Income$3.2B

EPS$0.79

Free Cash Flow$2.1B

Gross Margin65.0%

Op. Margin24.6%

Net Margin20.7%

FCF Margin14.0%

Rev Multiple (TTM)5.2x

P/E Ratio (TTM)27.9x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	5.6x	26.9x
Q4 23	5.4x	24.5x
Q1 24	5.3x	22.7x
Q2 24	5.4x	23.0x
Q3 24	5.6x	25.5x
Q4 24	5.7x	29.9x
Q1 25	5.8x	32.9x
Q2 25	5.7x	33.6x
Q3 25	5.6x	31.5x
Q4 25	5.5x	30.3x
Q1 26	5.4x	29.9x
Q2 26	5.2x	27.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
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

CapEx

Quarter	CapEx
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

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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 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 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 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 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 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
Q3 23	4.11B	-0.1%
Q4 23	4.09B	-0.4%
Q1 24	4.09B	-0.1%
Q2 24	4.07B	-0.3%
Q3 24	4.06B	-0.3%
Q4 24	4.04B	-0.6%
Q1 25	4.01B	-0.5%
Q2 25	4.00B	-0.2%
Q3 25	4.00B	-0.0%
Q4 25	3.99B	-0.3%
Q1 26	3.99B	+0.0%
Q2 26	3.99B	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$637K	74K
FY 15	$702K	70K
FY 16	$668K	74K
FY 17	$659K	73K
FY 18	$665K	74K
FY 19	$684K	76K
FY 20	$636K	78K
FY 21	$627K	80K
FY 22	$619K	83K
FY 23	$671K	85K
FY 24	$595K	90K
FY 25	$657K	86K