Earnings summaries and quarterly performance for CISCO SYSTEMS.
Executive leadership at CISCO SYSTEMS.
Chuck Robbins
Detailed
Chief Executive Officer
CEO
Dev Stahlkopf
Detailed
Executive Vice President and Chief Legal Officer
Jeetu Patel
Detailed
President and Chief Product Officer
Mark Patterson
Detailed
Executive Vice President and Chief Financial Officer
Thimaya Subaiya
Detailed
Executive Vice President, Operations
Board of directors at CISCO SYSTEMS.
Research analysts who have asked questions during CISCO SYSTEMS earnings calls.
Aaron Rakers
Wells Fargo
6 questions for CSCO
Also covers: AAPL, AMD, ANET +19 more
Amit Daryanani
Evercore
6 questions for CSCO
Also covers: AAPL, AKAM, ANET +22 more
James Fish
Piper Sandler Companies
6 questions for CSCO
Also covers: AKAM, ANET, BAND +15 more
Karl Ackerman
BNP Paribas
6 questions for CSCO
Also covers: ANET, AVGO, CIEN +15 more
Meta Marshall
Morgan Stanley
6 questions for CSCO
Also covers: ANET, AXON, BAND +29 more
Simon Leopold
Raymond James
6 questions for CSCO
Also covers: AAOI, ANET, ATEN +17 more
Tal Liani
Bank of America
6 questions for CSCO
Also covers: ANET, CHKP, CIEN +11 more
David Vogt
UBS Group AG
5 questions for CSCO
Also covers: AAPL, ANET, CDW +12 more
Samik Chatterjee
JPMorgan Chase & Co.
5 questions for CSCO
Also covers: AAPL, ANET, APH +32 more
Michael Ng
Goldman Sachs
4 questions for CSCO
Also covers: AAPL, ANET, AXON +20 more
Adrienne Colby
Citigroup
3 questions for CSCO
Also covers: CIEN
Ben Reitzes
Melius Research LLC
3 questions for CSCO
Also covers: AAPL, AMD, AMKR +9 more
Matthew Niknam
Deutsche Bank
3 questions for CSCO
Also covers: AMT, ANET, CCI +9 more
Antoine Chkaiban
New Street Research
2 questions for CSCO
Also covers: AMD, ANET, MBLY
Ben Bollin
Cleveland Research
2 questions for CSCO
Also covers: NTNX
Joseph Cardoso
JPMorgan Chase & Co.
2 questions for CSCO
Also covers: AXON, CALX, CIEN +9 more
Mike Ng
Goldman Sachs
2 questions for CSCO
Also covers: AXON, CLS, FFIV +1 more
Sebastien Naji
William Blair
2 questions for CSCO
Also covers: ALAB, ANET, ARM +1 more
Benjamin Reitzes
Melius Research
1 question for CSCO
Also covers: AAPL, AMD, AMKR +7 more
George Notter
Jefferies
1 question for CSCO
Also covers: AAOI, ADTN, ANET +18 more
Sebastien Cyrus Naji
William Blair & Company, L.L.C.
1 question for CSCO
Also covers: ANET, ARM, FFIV
Recent press releases and 8-K filings for CSCO.
Cisco outlines optical segments and AI-driven demand acceleration at UBS 2025 Global Technology and AI Conference
CSCO
- Cisco’s optical business includes DWDM systems, short-distance optics, and Acacia coherent technology; FY 2025 optics demand exceeded forecasts and the FY 2026 optics forecast was raised post-Q1 due to AI-driven hyperscaler orders
- Scale-across AI networks bypass traditional WAN, linking scale-out systems directly and providing up to 10× greater capacity than WAN, while requiring deep-buffer routing to support high-capacity, low-flap interconnects
- Cisco expects a ~1/3 optics to 2/3 switching revenue split in its AI infrastructure business, though quarterly mix can swing based on customer deployment sequencing and ZR optic adoption
- Since December 2019, Cisco’s component business model allows hyperscalers to purchase disaggregated hardware, software, Silicon One ASICs, and Acacia DSPs, positioning the company as an open AI infrastructure provider
4 days ago
Cisco highlights surge in AI-driven optics demand at UBS conference
CSCO
Guidance Update
Revenue Acceleration/Inflection
- Cisco’s Optical Systems and Optics Group spans DWDM chassis, short-reach transceivers and Acacia coherent technology, serving hyperscalers and top service providers.
- Acacia-driven optics demand outstripped Cisco’s FY25 forecast, and the company has already raised its FY26 optics outlook following a strong Q1 performance.
- Cisco distinguishes traditional WAN-based DCI from scale-across networking, which bypasses the WAN to link scale-out data-center networks with roughly 10× the capacity and requires deeper buffers for reliability.
- Management positions Cisco as a leading provider of an open AI infrastructure stack, leveraging disaggregated components and partnerships (e.g., AMD, Silicon One) to meet hyperscaler requirements.
4 days ago
Cisco highlights optics surge and AI infrastructure growth
CSCO
Guidance Update
Product Launch
- Cisco’s Acacia coherent optics business saw FY25 demand well above original forecasts, and FY26 guidance was raised after Q1 owing to continued hyperscaler and service-provider uptake.
- Cisco differentiates traditional data center interconnect (DCI) from “scale across” networks, which bypass WAN constraints to deliver 10× more capacity for AI workloads by linking scale-out clusters directly.
- Since December 2019, Cisco has operated a component business model, allowing hyperscalers to buy hardware, software, silicon (including DSPs and SerDes), and optics separately to support disaggregated architectures.
- The company’s campus refresh is in early stages with new Catalyst switches and Wi-Fi access points, initiating a gradual, multi-year upgrade cycle that already shows better adoption than prior refreshes.
4 days ago
Cisco outlines AI and campus refresh at Wells Fargo TMT Summit
CSCO
Product Launch
Guidance Update
- Cisco secured $1.3 billion in Q1 AI infrastructure orders from hyperscalers and targets $4 billion+ in orders and $3 billion+ in AI revenue for FY25, with optics and Silicon One‐based systems split roughly 50/50.
- The AI pipeline—including sovereign and neo-cloud—exceeds $2 billion, with initial orders in the low hundreds of millions and material build-outs in FY2027 (e.g., Humane, G42).
- A multi-year, multi-billion-dollar campus refresh is underway, driven by end-of-support risks, security needs, AI traffic, and Wi-Fi 7, supported by new campus switches, routers, firewalls, IoT devices, and embedded AI/security features.
- Silicon One, Cisco’s strategic in-house silicon portfolio, now spans five product families across hyperscale, enterprise, and service providers, aiming for all high-power systems on Silicon One by FY2029.
- Security revenue dipped 2% as customers shift from on-prem to ratable cloud Splunk offers, but product RPO and ARR grew double digits; current guidance reflects this transition headwind.
Nov 18, 2025, 5:30 PM
Cisco CFO outlines growth drivers at Wells Fargo’s 9th Annual TMT Summit
CSCO
- Cisco is prioritizing AI networking and infrastructure, securing $1.3 billion in hyperscaler orders in Q1 and targeting over $4 billion in orders and $3 billion in AI revenue for FY26.
- Its neo-cloud and sovereign AI pipeline has exceeded $2 billion, with initial orders in H2 FY26 and material deployments expected in FY27.
- The multi-year campus refresh—driven by end-of-support equipment, security risks, AI-driven traffic growth, Wi-Fi 7, and new switch portfolios—is viewed as a multi-billion-dollar opportunity.
- Security saw a 2% revenue decline in Q1 due to the shift from on-prem to cloud subscription for Splunk, though product ARR and RPO grew double-digits and mid-to-high-teens growth is anticipated by FY27.
- Cisco is committing all high-powered systems to its in-house Silicon One ASIC by FY29 to enhance supply-chain control and drive margin expansion.
Nov 18, 2025, 5:30 PM
Cisco outlines growth drivers at Wells Fargo TMT Summit
CSCO
Guidance Update
- Cisco reported $1.3 billion in Q1 AI infrastructure orders from hyperscalers, more than double its initial $1 billion FY25 target, following broad-based order growth across technologies.
- Cisco views tens of billions in pre-Cat 9K campus equipment as end-of-support risk, prompting a multi-year, multi-billion-dollar upgrade cycle; Q1 global campus networking orders rose 13% (9% excluding web scale), accelerating from Q4.
- Security revenue fell 2% in Q1 due to a mix shift from on-prem Splunk licensing to cloud offerings (ratable revenue), though product backlog and ARR grew double-digits, and Cisco added 250 new Splunk logos, expecting double-digit security growth by FY27.
- The pipeline for neo-cloud (including sovereign) and enterprise AI now exceeds $2 billion, with early orders in the low hundreds of millions and material build-outs expected in FY27 (e.g., Humane partnership).
- Silicon One underpins Cisco’s strategic edge, with five product families spanning scale-out, scale-across, enterprise, and service provider uses; the goal is to migrate all high-powered systems to Silicon One by FY29 for margin and supply-chain benefits.
Nov 18, 2025, 5:30 PM
Cisco Systems reports fiscal Q1 2026 results
CSCO
Earnings
Guidance Update
Dividends
- Cisco’s fiscal Q1 2026 revenue rose 8% year-over-year to $14.9 billion, with non-GAAP EPS of $1.00, beating guidance.
- Networking product revenue increased 15%, global product orders were up 13%, and AI infrastructure orders from hyperscaler customers reached $1.3 billion.
- GAAP gross margin was 65.5%, and operating margins exceeded guidance.
- The company reaffirmed its FY 2026 revenue outlook of $60.2–$61.0 billion and non-GAAP EPS guidance of $4.08–$4.14.
- Cisco declared a quarterly dividend of $0.41 per share, reinforcing its income appeal.
Nov 13, 2025, 2:05 PM
Cisco reports Q1 FY26 earnings
CSCO
Earnings
Guidance Update
Share Buyback
- Cisco delivered $14.9 billion in Q1 revenue, up 8% YoY, and non-GAAP EPS of $1.00, up 10% YoY.
- Product revenue rose 10% to $11.1 billion, with networking up 15% (AI infrastructure and routing strength), while security declined 2% on prior-generation product declines and a shift in Splunk to cloud subscriptions.
- Returned $3.6 billion to shareholders via $1.6 billion in dividends and $2.0 billion in share repurchases, representing 125% of free cash flow.
- Q2 guidance: revenue $15.0–15.2 billion, non-GAAP EPS $1.01–1.03; FY26 guidance: revenue $60.2–61.0 billion, non-GAAP EPS $4.08–4.14.
Nov 12, 2025, 9:30 PM
Cisco reports Q1 FY 2026 results
CSCO
Earnings
Guidance Update
Share Buyback
- Cisco delivered $14.9 B in revenue (up 8% y/y) with Non-GAAP EPS of $1.00 (up 10% y/y), exceeding guidance.
- AI momentum accelerated with $1.3 B of hyperscaler AI orders and $200 M+ of AI orders from neocloud, sovereign and enterprise customers in Q1.
- Cisco is raising FY 2026 guidance on a robust outlook.
- Returned $3.6 B to shareholders (125% of free cash flow), including $2.0 B of share repurchases in the quarter.
Nov 12, 2025, 9:30 PM
Cisco reports Q1 fiscal 2026 results
CSCO
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Revenue of $14.9 billion, up 8% year-over-year; non-GAAP EPS of $1.00, up 10%.
- Product orders grew 13%, with service provider & cloud orders +45%; strong networking demand is driving a multi-year campus refresh opportunity.
- Recurring metrics: total RPO of $42.9 billion (+7%) and ARR of $31.4 billion (+5%) at quarter end; subscriptions represented 54% of revenue.
- Returned $3.6 billion to shareholders (dividends of $1.6 billion; share repurchases of $2.0 billion), with $12.2 billion remaining under the buyback program.
Nov 12, 2025, 9:30 PM
Quarterly earnings call transcripts for CISCO SYSTEMS.
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