OpenNashEarnings

Networking · Nasdaq: CSCO

Cisco earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends July · next results expected around 11 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Cisco reported Q4 FY 2026 revenue of $17.3 billion, up 18% year over year, with GAAP EPS of $0.97 and non-GAAP EPS of $1.22, and fiscal 2026 revenue of $63.3 billion, up 12%.

Cisco closed fiscal 2026 with record fourth-quarter revenue of $17.3 billion, up 18% from a year ago. Product revenue rose 24%, led by Networking up 28%, and non-GAAP EPS of $1.22 rose 23%. Total product orders grew 35%, or 25% excluding hyperscalers, and hyperscaler AI infrastructure orders were $4 billion in the quarter and $9.3 billion for the year. Operating cash flow was $5.4 billion, up 27%.

Read the Q4 FY2026 summary →Q4 FY2026 slides (PDF) ↗

Quarters

KPI history

Revenue$17.3B+17.6% y/yQ4 FY26
Q1 FY25: $13.8BQ1 25$13.8BQ2 FY25: $14.0BQ2 25$14.0BQ3 FY25: $14.1BQ3 25$14.1BQ4 FY25: $14.7B (worked out from the annual figure)Q4 25$14.7BQ1 FY26: $14.9BQ1 26$14.9BQ2 FY26: $15.3BQ2 26$15.3BQ3 FY26: $15.8BQ3 26$15.8BQ4 FY26: $17.3B (worked out from the annual figure)Q4 26$17.3B

Fourth quarter worked out from the annual figure.

Data
Q1 FY25$13.8B
Q2 FY25$14.0B
Q3 FY25$14.1B
Q4 FY25$14.7B *
Q1 FY26$14.9B
Q2 FY26$15.3B
Q3 FY26$15.8B
Q4 FY26$17.3B *
Diluted EPS (GAAP)$0.85+37.1% y/yQ3 FY26
Q1 FY25: $0.68Q1 25$0.68Q2 FY25: $0.61Q2 25$0.61Q3 FY25: $0.62Q3 25$0.62Q1 FY26: $0.72Q1 26$0.72Q2 FY26: $0.80Q2 26$0.80Q3 FY26: $0.85Q3 26$0.85
Data
Q1 FY25$0.68
Q2 FY25$0.61
Q3 FY25$0.62
Q1 FY26$0.72
Q2 FY26$0.80
Q3 FY26$0.85

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin24.7%+3.7 pts y/yQ4 FY26
Q1 FY25: 17.0%Q1 2517.0%Q2 FY25: 22.3%Q2 2522.3%Q3 FY25: 22.6%Q3 2522.6%Q4 FY25: 21.0%Q4 2521.0%Q1 FY26: 22.6%Q1 2622.6%Q2 FY26: 24.6%Q2 2624.6%Q3 FY26: 25.0%Q3 2625.0%Q4 FY26: 24.7%Q4 2624.7%
Data
Q1 FY2517.0%
Q2 FY2522.3%
Q3 FY2522.6%
Q4 FY2521.0%
Q1 FY2622.6%
Q2 FY2624.6%
Q3 FY2625.0%
Q4 FY2624.7%
Free cash flow$5.0B+24.4% y/yQ4 FY26
Q1 FY25: $3.4BQ1 25$3.4BQ2 FY25: $2.0BQ2 25$2.0BQ3 FY25: $3.8BQ3 25$3.8BQ4 FY25: $4.0BQ4 25$4.0BQ1 FY26: $2.9BQ1 26$2.9BQ2 FY26: $1.5BQ2 26$1.5BQ3 FY26: $3.3BQ3 26$3.3BQ4 FY26: $5.0BQ4 26$5.0B
Data
Q1 FY25$3.4B
Q2 FY25$2.0B
Q3 FY25$3.8B
Q4 FY25$4.0B
Q1 FY26$2.9B
Q2 FY26$1.5B
Q3 FY26$3.3B
Q4 FY26$5.0B

Operating cash flow minus capital expenditure, from cash flow statements.

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$13.8B$14.0B$14.1B$14.7Bd$14.9B$15.3B$15.8B$17.3Bd
Gross margin65.9%65.1%65.6%63.2%65.5%65.0%63.6%64.1%
Operating income$2.4B$3.1B$3.2B$3.1Bd$3.4B$3.8B$4.0B$4.3Bd
Operating margin17.0%22.3%22.6%21.0%22.6%24.6%25.0%24.7%
Net income$2.7B$2.4B$2.5B$2.5Bd$2.9B$3.2B$3.4B$3.9Bd
Diluted EPS$0.68$0.61$0.62—$0.72$0.80$0.85—
Operating cash flow$3.7B$2.2Bd$4.1Bd$4.2Bd$3.2B$1.8Bd$3.8Bd$5.4Bd
Capital expenditure$217.0M$210.0Md$261.0Md$217.0Md$323.0M$283.0Md$414.0Md$390.0Md
Free cash flow$3.4B$2.0B$3.8B$4.0B$2.9B$1.5B$3.3B$5.0B
R&D expense$2.3B$2.3B$2.3B$2.4Bd$2.4B$2.4B$2.4B$2.4Bd

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings