--- title: "Cisco | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 15.84 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286310806.md" datetime: "2026-05-13T20:16:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286310806.md) - [en](https://longbridge.com/en/news/286310806.md) - [zh-HK](https://longbridge.com/zh-HK/news/286310806.md) --- # Cisco | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 15.84 B Revenue: As of FY2026 Q3, the actual value is USD 15.84 B, beating the estimate of USD 15.56 B. EPS: As of FY2026 Q3, the actual value is USD 0.85, beating the estimate of USD 0.762. EBIT: As of FY2026 Q3, the actual value is USD 4.123 B. ### Q3 FY 2026 Financial Highlights for 思科 (Cisco Systems, Inc.) #### Revenue - Total Revenue was $15.8 billion, marking an increase of 12% year over year . - Product Revenue increased by 17% year over year . - Services Revenue decreased by 1% year over year . #### Revenue by Geographic Segment - Americas revenue was $9.569 billion, up 14% year over year . - EMEA revenue was $4.054 billion, up 9% year over year . - APJC revenue was $2.218 billion, up 9% year over year . #### Revenue by Product Group - Networking revenue was $8.815 billion, up 25% year over year . - Security revenue was $2.008 billion, flat year over year . - Collaboration revenue was $1.024 billion, down 1% year over year . - Observability revenue was $269 million, up 3% year over year . #### Net Income - GAAP Net Income was $3.4 billion, an increase of 35% year over year . - Non-GAAP Net Income was $4.2 billion, an increase of 10% year over year . #### Gross Margin - Total GAAP Gross Margin was 63.6%, with Product GAAP Gross Margin at 61.9% and Services GAAP Gross Margin at 69.2% . - 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% . - Gross Margin by Geographic Segment included Americas at 63.7%, EMEA at 71.3%, and APJC at 66.1% . #### Operating Expenses - GAAP Operating Expenses were $6.1 billion, up 1% year over year, representing 38.6% of revenue . - Non-GAAP Operating Expenses were $5.0 billion, up 5% year over year, representing 31.9% of revenue . #### Operating Income - GAAP Operating Income was $4.0 billion, up 24% year over year, with a GAAP operating margin of 25.0% . - Non-GAAP Operating Income was $5.4 billion, up 11% year over year, with a non-GAAP operating margin of 34.2% . #### Provision for Income Taxes - The GAAP Tax Provision Rate was 16.5% . - The Non-GAAP Tax Provision Rate was 19.0% . #### Cash Flow - 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 . - 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 . #### Other Key Financial Metrics - 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% . - Long-term product RPO was $11.7 billion, up 6% year over year . - Total deferred revenue was $28.6 billion, up 2% year over year, with deferred product revenue up 2% and deferred services revenue up 2% . - 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 . #### Operational Metrics - Total Product Orders increased by 35% year over year, or 19% excluding hyperscalers . - Networking Product Orders accelerated to more than 50% growth year over year . - AI Infrastructure Orders were $5.3 billion year to date . - Campus Networking Orders grew greater than 25% year over year . - Data Center Switching Orders grew greater than 40% year over year . #### Restructuring Plan 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) . The company estimates pre-tax charges of up to $1 billion related to this plan, primarily for severance and other termination benefits and costs . 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 . #### Outlook / Guidance 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% . 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 . 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