--- title: "Cisco | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 15.84 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286964229.md" datetime: "2026-05-19T20:38:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286964229.md) - [en](https://longbridge.com/en/news/286964229.md) - [zh-HK](https://longbridge.com/zh-HK/news/286964229.md) --- # Cisco | 10-Q: 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. ### Operational Metrics #### Three Months Ended April 25, 2026 vs. April 26, 2025 - **Gross Margin Percentage**: Decreased by 2.0 percentage points to 63.6% from 65.6% . - **Operating Income**: Increased by 24% to $3,960 million from $3,202 million . - **Operating Income as a Percentage of Revenue**: Increased by 2.4 percentage points to 25.0% from 22.6% . - **Total Software Revenue**: Increased by 1% to $5,700 million . - **Total Subscription Revenue**: Decreased by 2% . #### Nine Months Ended April 25, 2026 vs. April 26, 2025 - **Gross Margin Percentage**: Decreased by 0.8 percentage points to 64.7% from 65.5% . - **Operating Income**: Increased by 28% to $11,104 million from $8,673 million . - **Operating Income as a Percentage of Revenue**: Increased by 3.4 percentage points to 24.1% from 20.7% . ### Segment Revenue #### Three Months Ended April 25, 2026 vs. April 26, 2025 - **Americas Revenue**: - Product revenue increased by 20% to $7,375 million . - Services revenue decreased by -3% to $2,194 million . - **EMEA Revenue**: - Product revenue increased by 11% to $3,101 million . - Services revenue increased by 2% to $953 million . - **APJC Revenue**: - Product revenue increased by 14% to $1,640 million . - Services revenue decreased by -2% to $578 million . #### Nine Months Ended April 25, 2026 vs. April 26, 2025 - **Americas Revenue**: - Product revenue increased by 15% to $20,731 million . - Services revenue decreased by -1% to $6,672 million . - **EMEA Revenue**: - Product revenue increased by 12% to $9,434 million . - Services revenue increased by 2% to $2,829 million . - **APJC Revenue**: - Product revenue increased by 10% to $4,671 million . - Services revenue was flat at $1,738 million . ### Unique Metrics (Product Category Performance) #### Three Months Ended April 25, 2026 vs. April 26, 2025 - **Networking**: Product revenue increased by 25% to $8,815 million, driven by AI Infrastructure and Campus Networking solutions . - **Security**: Product revenue was flat at $2,008 million, with declines in prior generation products and Splunk offerings offset by new products and SASE offerings . - **Collaboration**: Product revenue decreased by -1% to $1,024 million, due to declines in Webex Suite offerings, partially offset by growth in Collaboration Devices, Cloud Contact Center, and CPaaS . - **Observability**: Product revenue increased by 3% to $269 million, primarily due to growth in ThousandEyes, partially offset by a decline in Splunk offerings . #### Nine Months Ended April 25, 2026 vs. April 26, 2025 - **Networking**: Product revenue increased by 20% to $24,877 million, driven by AI Infrastructure solutions, Data Center Switching, Campus Switching, Wireless, and Enterprise Routing . - **Security**: Product revenue decreased by -2% to $6,006 million, primarily due to Threat Intelligence, Detection, and Response offerings and prior generation products, partially offset by SASE offerings . - **Collaboration**: Product revenue increased by 1% to $3,133 million, driven by Collaboration Devices and CPaaS offerings, partially offset by Webex Suite declines . - **Observability**: Product revenue increased by 3% to $820 million, primarily due to growth in ThousandEyes, partially offset by a decline in Splunk offerings . ### Other Key Financial Measures #### As of April 25, 2026 vs. July 26, 2025 - **Cash and Cash Equivalents and Investments**: $16,640 million compared to $16,110 million . - **Remaining Performance Obligations (RPO)**: $43,462 million compared to $43,533 million . - **Inventories**: $4,708 million compared to $3,164 million . - **Total Debt**: $31,303 million compared to $28,093 million . #### Nine Months Ended April 25, 2026 vs. April 26, 2025 - **Cash Provided by Operating Activities**: $8,791 million compared to $9,959 million . - **Repurchases of Common Stock**: $4,604 million compared to $4,743 million . - **Dividends Paid**: $4,894 million compared to $4,812 million . ### Future Outlook and Strategy Cisco Systems, Inc. is investing in key growth opportunities such as silicon, optics, security, and artificial intelligence (AI), supported by a restructuring plan (Fiscal 2026 Plan) that is expected to incur up to $1 billion in pre-tax charges and be substantially completed by the end of fiscal 2027 . 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