Cisco
CSCO Nasdaq· Communications Equipment
Last close · Oct 26, 2026
$110.24
KIRA · Stoqly’s AI analyst, in plain words
- Cisco had $63.3B of revenue in fiscal 2026, up 11.8% on the year before. Over five years, revenue changed +4.9% a year on average.
- Its operating margin was 24.3%, up 3.5 pts: of every 100 in sales, about 24 is left after running the business.
- Cisco made $13.3B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 6.4% a year.
- Free cash flow was $12.8B in fiscal 2026, 20.2% of revenue.
- Cisco returned $12.7B to shareholders in fiscal 2026, 99% of free cash flow. The diluted share count fell 0.3%.
- Cisco owes $15.2B more than it holds in cash, about 1.0 years of operating profit.
Market cap
$439.5B
P/E
—
Revenue
$63.3B
Net income
$13.3B
Free cash flow
$12.8B
Operating margin
24.3%
Cisco in 30 seconds · fiscal 2026
Are sales growing?
+11.8%
Yes. Sales grew 11.8% last year.
Does it make a profit?
21.0%
Yes. It keeps 21.0% of every sale as profit.
Does profit turn into cash?
20.2%
Yes. 20.2% of sales ends up as free cash.
Is debt under control?
1.0x
Yes. It could repay its debt with 1.0 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
What Cisco does
Cisco makes the equipment and software that connect computers and networks, including routers, switches, wireless gear and optical parts for data centers, offices and factories. It also sells cybersecurity products, video meeting and calling tools, and software that monitors how networks and applications are working. Its customers are businesses of all sizes, governments, public institutions and telecom and cloud providers. It also provides support and consulting services. Total revenue was $63.3 billion in the fiscal year that ended in July 2026. Product sales grew, led by networking, while service revenue stayed flat. Software, sold across all of its product areas and services, brought in $23.2 billion. Large cloud companies buying its equipment to run AI made up about 6% of revenue. Cisco manages its business through three regional segments: the Americas; Europe, the Middle East and Africa; and Asia Pacific, Japan and China.
Biggest risks, in its own words
- Weak economies and political uncertainty that lead customers to delay buying network equipment.
- Sales to telecom and cloud companies, including AI equipment for the largest ones, can swing sharply.
- Intense competition, including in new markets it enters.
- Failing to keep up with new technology or to predict what customers will need.
- Fiscal year ends
- July 25, 2026
- Latest annual report
- 10-K · Sep 2, 2026
- Legal name
- CISCO SYSTEMS, INC.
- CIK
- 0000858877
Cisco · CSCO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B |
| Revenue growth | 3.5% | 10.6% | −5.6% | 5.3% | 11.8% |
| Gross margin | 62.6% | 62.7% | 64.7% | 64.9% | 64.5% |
| Operating margin | 27.1% | 26.4% | 22.6% | 20.8% | 24.3% |
| Net income | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B |
| Net margin | 22.9% | 22.1% | 19.2% | 18.0% | 21.0% |
| Diluted EPS | $2.82 | $3.07 | $2.54 | $2.55 | $3.33 |
| Cash | |||||
| Cash from operations | $13.2B | $19.9B | $10.9B | $14.2B | $14.2B |
| Capital expenditure | $477M | $849M | $670M | $905M | $1.4B |
| Free cash flow | $12.7B | $19.0B | $10.2B | $13.3B | $12.8B |
| FCF margin | 24.7% | 33.4% | 19.0% | 23.5% | 20.2% |
| Dividends paid | $6.2B | $6.3B | $6.4B | $6.4B | $6.6B |
| Share buybacks | $7.7B | $4.3B | $5.8B | $6.0B | $6.1B |
| Share count change | −1.0% | −2.1% | −1.1% | −1.6% | −0.3% |
| Debt and strength | |||||
| Cash and short-term investments | $19.3B | $26.1B | $17.9B | $14.5B | $14.3B |
| Debt incl. finance leases | $9.5B | $8.4B | $31.0B | $28.1B | $29.5B |
| Shareholders' equity | $39.8B | $44.4B | $45.5B | $46.8B | $50.3B |
| Net debt / EBITDA | −0.7x | −1.1x | 1.0x | 1.1x | 1.0x |
| Current ratio | 1.4x | 1.4x | 0.9x | 1.0x | 0.9x |
| Interest coverage | 38.8x | 35.2x | 12.1x | 7.4x | 10.5x |
| Returns and quality | |||||
| Return on capital | 39.1% | 43.7% | 24.1% | 18.1% | 20.2% |
| Return on equity | 29.2% | 30.0% | 23.0% | 22.1% | 27.3% |
| Piotroski F-score | 7 | 8 | 5 | 7 | 6 |
| Altman Z'' | 2.5 | 2.6 | 1.1 | 1.3 | 1.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$106M
10 insiders
Of sales under plans
97%
$103M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cisco · CSCO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Cisco CSCO | $439.5B | 11.8% | 24.3% | 20.2% | 20.2% | — | 6 |
| Microsoft MSFT | $3.97T | 17.8% | 46.8% | 20.2% | 30.9% | — | 6 |
| Intel INTC | $461.8B | −0.5% | −4.2% | −9.4% | −0.8% | — | 6 |
| Adobe ADBE | $102.3B | 10.5% | 36.6% | 41.5% | 65.9% | 14.4x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $110.24 a share, the company is worth $439.5B.
Cisco grew sales faster than 2 of its 3 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000858877). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.