← Research LibraryThe BriefFY2026 ended July 25, 2026 · headline figures audited against SEC data
AI infrastructure went from under 2% of revenue to about 6%, and carried the year
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 12% to $63.33B; product revenue up 16% while services were flatOK
- Profitability — Operating income $15.37B; operating margin up 3.5 percentage pointsOK
- Balance sheet — Altman score 1.21 on the manufacturer formula, against $12.77B of free cash flowNote
- Accounting quality — Earnings-quality score 79.5 and no earnings-manipulation flagOK
- Capital allocation — $6.55B dividends and $6.11B buybacks against $12.77B free cash flowOK
- Demand concentration — Hyperscaler AI infrastructure about 6% of revenue, from under 2%Watch
What happened
Cisco grew revenue 12% to $63.33 billion and lifted operating margin 3.5 percentage points, with operating income of $15.37 billion and net income of $13.27 billion. Diluted earnings per share rose 31%. Product revenue rose 16% while services revenue was flat.
Where the revenue comes from
Fiscal 2026, as CISCO SYSTEMS, INC. reports it. History and quarterly detail are in the app.
- Product$48.3B
- Subscription$32.0B
- Services$15.0B
Leadership changes
From CISCO SYSTEMS, INC.'s own filings, the day they're filed.
- Peter A. Shimer · Directors · appointmenteff. 2026-05-21
- Nichlas A. Fink · President · appointmenteff. 2026-05-20
- M. Victoria Wong · Chief Accounting Officer · departureeff. 2026-05-19
Latest filings
- 10-K · Annual report2026-09-02
- 8-K · Company announcement2026-08-12
- 10-Q · Quarterly report2026-05-19
- 8-K · Company announcement2026-05-13
- 8-K · Company announcement2026-05-01
In the full recordFree for 14 days
- The business🔒
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Why it matters🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CISCO SYSTEMS, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.