<span item_type="fundamental" item_id="b65e4b7e64c07b2c1929fcca4914079f" counter_id="ST/US/CSCO" env="prod"></span><span item_type="announcement" item_id="648011754891447809" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 15.84 B, beating the estimate of USD 15.56 B.</p><p>EPS: As of FY2026 Q3, the actual value is USD 0.85, beating the estimate of USD 0.762.</p><p>EBIT: As of FY2026 Q3, the actual value is USD 4.123 B.</p><p></p><h3>Q3 FY 2026 Financial Highlights for 思科 (Cisco Systems, Inc.)</h3><h4>Revenue</h4><ul><li>Total Revenue was $15.8 billion, marking an increase of 12% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Product Revenue increased by 17% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Services Revenue decreased by 1% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Revenue by Geographic Segment</h4><ul><li>Americas revenue was $9.569 billion, up 14% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>EMEA revenue was $4.054 billion, up 9% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>APJC revenue was $2.218 billion, up 9% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Revenue by Product Group</h4><ul><li>Networking revenue was $8.815 billion, up 25% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Security revenue was $2.008 billion, flat year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Collaboration revenue was $1.024 billion, down 1% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Observability revenue was $269 million, up 3% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Net Income</h4><ul><li>GAAP Net Income was $3.4 billion, an increase of 35% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Non-GAAP Net Income was $4.2 billion, an increase of 10% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Gross Margin</h4><ul><li>Total GAAP Gross Margin was 63.6%, with Product GAAP Gross Margin at 61.9% and Services GAAP Gross Margin at 69.2% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Total Non-GAAP Gross Margin was 66.0%, with Product Non-GAAP Gross Margin at 64.3% and Services Non-GAAP Gross Margin at 71.6% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Gross Margin by Geographic Segment included Americas at 63.7%, EMEA at 71.3%, and APJC at 66.1% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Operating Expenses</h4><ul><li>GAAP Operating Expenses were $6.1 billion, up 1% year over year, representing 38.6% of revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Non-GAAP Operating Expenses were $5.0 billion, up 5% year over year, representing 31.9% of revenue <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Operating Income</h4><ul><li>GAAP Operating Income was $4.0 billion, up 24% year over year, with a GAAP operating margin of 25.0% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Non-GAAP Operating Income was $5.4 billion, up 11% year over year, with a non-GAAP operating margin of 34.2% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Provision for Income Taxes</h4><ul><li>The GAAP Tax Provision Rate was 16.5% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>The Non-GAAP Tax Provision Rate was 19.0% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Cash Flow</h4><ul><li>Cash Flow from Operating Activities was $3.8 billion for the third quarter of fiscal 2026, a decrease of 7% compared to the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Cash and Cash Equivalents and Investments stood at $16.6 billion at the end of the third quarter of fiscal 2026, an increase from $16.1 billion at the end of fiscal 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Other Key Financial Metrics</h4><ul><li>Total Remaining Performance Obligations (RPO) reached $43.5 billion, an increase of 4% year over year, with product RPO up 6% and services RPO up 2% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Long-term product RPO was $11.7 billion, up 6% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Total deferred revenue was $28.6 billion, up 2% year over year, with deferred product revenue up 2% and deferred services revenue up 2% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>思科 (Cisco Systems, Inc.) returned $2.9 billion to stockholders through share buybacks and dividends during the quarter, including $1.7 billion in cash dividends ($0.42 per common share) and $1.3 billion for repurchasing approximately 16 million shares of common stock at an average price of $80.28 per share <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>Total Product Orders increased by 35% year over year, or 19% excluding hyperscalers <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Networking Product Orders accelerated to more than 50% growth year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>AI Infrastructure Orders were $5.3 billion year to date <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Campus Networking Orders grew greater than 25% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li><li>Data Center Switching Orders grew greater than 40% year over year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</li></ul><h4>Restructuring Plan</h4><p>思科 (Cisco Systems, Inc.) announced a restructuring plan on May 13, 2026, to invest in key growth opportunities such as silicon, optics, security, and artificial intelligence (AI) <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/csco-20260513.htm"></span>. The company estimates pre-tax charges of up to $1 billion related to this plan, primarily for severance and other termination benefits and costs <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/csco-20260513.htm"></span>. Approximately $450 million of these charges are expected to be recognized in the fourth quarter of fiscal 2026, with the remainder anticipated during fiscal 2027 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/csco-20260513.htm"></span>.</p><h4>Outlook / Guidance</h4><p>思科 (Cisco Systems, Inc.) expects Q4 FY 2026 revenue to be between $16.7 billion and $16.9 billion, with non-GAAP gross margin between 65.5% and 66.5% and non-GAAP operating margin between 34% and 35% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>. For the full fiscal year 2026, the company anticipates revenue between $62.8 billion and $63.0 billion, and non-GAAP EPS between $4.27 and $4.29 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>. The company also raised its expected FY26 AI infrastructure orders to $9 billion, up from $5 billion, and FY26 AI infrastructure revenue to $4 billion, up from $3 billion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/858877/000085887726000075/exhibit991pressrelease-q3f.htm"></span>.</p>

Cisco | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 15.84 B