CSCO
Cisco Systems, Inc.77.55
-0.70-0.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
AI details, security traction clarified
Q&A drilled into AI details without walk-backs, noting the $5B hyperscaler order guide excludes G300, P200, and new optics while confirming 60/40 systems-optics mix and three fresh use cases won. Sovereign and neocloud ramps eyed for FY27 upside, with NVIDIA engagements up 70% sequentially. Security traction shone: 1,000 new customers for refreshed products last quarter, targeting double-digit organic growth by FY26 exit. Gross margins hit by mix and memory but set to trough via pricing tweaks. Hyperscalers stay lumpy. Management exuded confidence; investors track campus refresh pace.
Key Stats
Market Cap
306.41BP/E (TTM)
29.94Basic EPS (TTM)
2.59Dividend Yield
0.02%Recent Filings
10-Q
Q2 FY2026 results
Cisco's Q2 revenue jumped 10% y/y to $15.3B, driven by 14% product growth—Networking up 21% on AI infrastructure and campus demand—while services dipped 1%. Gross margin held steady at 65.0%, operating income rose 21% to $3.8B (24.6% margin), and diluted EPS climbed 31% to $0.80, reconciling to 3,984M shares. YTD revenue grew 9% to $30.2B, operating income up 31% to $7.1B ($1.51 EPS); operating cash flow fell to $5.0B (FCF $4.4B derived), cash at $7.5B with $30.1B total debt (commercial paper $5.5B). Small acquisitions added $35M goodwill, $14M intangibles. Networking powers ahead.
8-K
Cisco beats on revenue, EPS
Cisco crushed Q2 FY2026 estimates with $15.3B revenue, up 10% YoY, and GAAP EPS of $0.80, surging 31%. Product orders jumped 18%, fueled by $2.1B in AI infrastructure from hyperscalers and networking up 21%. Guidance holds steady: Q3 revenue $15.4B-$15.6B. Dividend hikes 2% to $0.42. Acquisitions closed. Tariffs baked into outlook.
8-K
Stock plan boosted 57M shares
10-Q
Q1 FY2026 results
Cisco's Q1 FY2026 revenue hit $14.9B, up 8% y/y, fueled by 15% Networking growth to $7.8B while Security dipped 2%. Gross margin held at 65.5% despite mix shifts; operating income jumped 43% to $3.4B on lower $147M restructuring (vs $665M y/y). Diluted EPS rose 6% to $0.72 on 3,993M shares. Operating cash flow delivered $3.2B; free cash flow $2.9B (derived) funded $2.0B buybacks and $1.6B dividends amid $28.1B debt. Cash sits at $8.4B. Supply chain strains persist.
8-K
Cisco beats Q1 estimates sharply
Cisco crushed Q1 FY2026 estimates with $14.9B revenue, up 8% YoY, GAAP EPS $0.72 (up 6%), and non-GAAP EPS $1.00 (up 10%). Product orders surged 13%, fueled by $1.3B AI infrastructure wins and a multi-year campus networking refresh. Guidance holds steady: Q2 revenue $15.0-15.2B, FY revenue $60.2-61.0B. Tariffs baked into outlook.
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