NASDAQ · Technology
Cisco (CSCO) stock research: earnings, ownership, and cash flow
Cisco sells networking, security, collaboration, observability, and infrastructure products used by enterprises, telecom operators, and data centers. This page connects filing evidence with ownership, insider activity, forecasts, ETFs, and peer context so each dataset can be checked against the others.
Deterministic, source-linked commentary
CSCO signals across filings and ownership
Cisco's latest filing sets the operating baseline. 10-Q covers CY2026Q1. quarterly revenue was $15.8B; year-over-year growth was 12.0%; operating margin was 25.0%; trailing free cash flow was $12.0B. Read together, these figures test whether scale is translating into profit and cash. Verify periods and company footnotes in the original SEC EDGAR filing.
CSCO's published outlook is useful only while its inputs hold. The forecast scenarios were updated 2026-05-21. Revenue growth, margins, cash generation, and risk assumptions must be checked against each new filing. Compare them with the latest earnings analysis.
No single dataset settles the CSCO research case. Use institutional ownership, insider filings, earnings analysis, forecast scenarios alongside the filing. Company facts can update before 13F positions, so align every source date and report period before treating a difference as a change in fundamentals.
Business model
Company snapshot
Cisco sells networking, security, collaboration, observability, and infrastructure products used by enterprises, telecom operators, and data centers. The latest standardized snapshot records $60.22B of trailing revenue, $11.9B of net income, and $12.01B of free cash flow. These figures describe the reported company, while valuation and price require a separate market-data timestamp.
Operating lines
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
Geographic revenue mix
The current standardized filing dataset does not extract a comparable geographic revenue table for every issuer. Review the latest 10-K segment note for domestic and international mix, concentration, foreign-exchange sensitivity, and country-specific regulation.
10-Q · 2026-05-19
What the latest filing shows
Revenue for the latest standardized quarter was $15.84B, while diluted EPS was 0.85. Revenue changed 12% from the comparable period. Gross margin was 63.6% and operating margin was 25%. Margin direction matters because it shows whether growth is translating into operating leverage or requiring more cost to support.
Open original SEC filingEarnings & filings
CSCO earnings calls, releases, and filing evidence
Earnings calls
No authorized call transcript summary is available yet for this ticker.
Filings & announcements
Q3 FY2026 · Earnings Release Summary
Revenue: $15.8B, +12% Y/Y; EPS: $0.85 GAAP; $1.06 non-GAAP; Product RPO: $11.7B, +6% Y/Y
Source: Cisco fiscal Q3 2026 results · 2026-05-14Earnings history
| Date | Period | Status | Revenue | EPS | Source |
|---|---|---|---|---|---|
| 2026-05-14 | Q3 FY2026 | Reported | $15.8B | $0.85 | Cisco fiscal Q3 2026 results |
CY2026Q1
Earnings analysis
| Period | Revenue | Net income | EPS | Operating margin |
|---|---|---|---|---|
| CY2026Q1 | $15.84B | $3.37B | 0.85 | 25% |
| TTM | $60.22B | $11.9B | 2.99 | 23.8% |
| CY2025 | $56.65B | $10.18B | See filing | 20.8% |
Cisco's fiscal Q3 2026 report should be read as a stock-outlook reset, not just a beat-or-miss event. The key facts are Q3 revenue recovered as networking demand stabilized, AI infrastructure orders, security, observability, and Splunk integration shaped the setup, EPS quality depended on product mix, backlog conversion, and cost discipline, and management raised the near-term outlook and kept attention on AI networking demand. Bottom line: the report improves the setup only if those numbers support whether Cisco is becoming a credible AI networking beneficiary rather than only a mature enterprise hardware vendor.
Read detailed earnings analysisScenario analysis
Forecast range
CSCO is a NASDAQ-100 stock with a checked price of 114.35, market cap of 450.70B, and revenue of 60.75B. A practical 2026 scenario map is $86-103 in a bear case, $105-132 in a base case, and $135-166 in a bull case. The forecast depends on data, compliance, and mission-critical services.
Forecast assumptions
- Revenue growth must be checked against the latest filing and management guidance.
- Current reported operating margin is 23.8%.
- TTM free-cash-flow margin is 19.9%.
- Discount rates and valuation multiples should move when risk-free rates, business risk, or estimate confidence changes.
This is not a buy or sell recommendation. Forecasts are conditional ranges whose assumptions can fail.
Open forecast methodology and scenariosTechnology
Peer comparison
| Company | TTM revenue | Revenue growth | Operating margin | Tracked holders |
|---|---|---|---|---|
| CSCOCisco | $60.22B | 12% | 23.8% | 0 |
| ORCLOracle Corporation | $62.3B | 21.7% | 30.2% | 0 |
| AVGOBroadcom | $65.18B | 29.5% | 40.7% | 0 |
| MUMicron Technology | $54.86B | 196.3% | 47.8% | 0 |
| INTCIntel | $52.76B | 7.2% | -11.2% | 0 |
| CRMSalesforce | $41.46B | 13.3% | 21.2% | 0 |
| AMDAdvanced Micro Devices | $34.62B | 37.8% | 9.9% | 4 |
CSCO's 12% revenue growth and 23.8% operating margin should be read against peers using the same reporting definitions. A higher margin may reflect pricing power or business mix, while a lower margin can reflect investment, cyclicality, or weaker economics.
Fund ownership
ETF exposure
CSCO appears among the disclosed top holdings of 5 tracked ETFs shown below. ETF weights change with price movement, rebalancing, creations, redemptions, and issuer methodology.
| ETF | CSCO weight | AUM | Holdings date |
|---|---|---|---|
| VGTVanguard Information Technology ETF | 1.65% | $136.23B | Apr 30, 2026 |
| XLKState Street Technology Select Sector SPDR ETF | 3.19% | $113.90B | May 18, 2026 |
| VYMVanguard High Dividend Yield Index ETF | 1.51% | $77.41B | Apr 30, 2026 |
| FTECFidelity MSCI Information Technology Index ETF | 1.97% | $19.52B | May 19, 2026 |
| USMViShares MSCI USA Min Vol Factor ETF | 2.25% | $22.98B | May 19, 2026 |
10-K · 2025-09-03
Key risk factors disclosed in the latest 10-K
The categories below are a deterministic research checklist anchored to Cisco's industry and latest annual filing. They summarize areas investors should locate in Item 1A; they do not replace the company's exact legal disclosure.
- Demand and product-cycle risk: Networking equipment can experience changing customer demand, replacement cycles, and competitive product launches that affect revenue timing.
- Competition and execution: Market share depends on product quality, pricing, distribution, innovation, and management's ability to convert investment into durable customer demand.
- Supply chain and counterparties: Supplier concentration, logistics disruption, component availability, and customer concentration can affect delivery schedules, costs, and working capital.
- Regulation and litigation: Antitrust, privacy, securities, labor, tax, environmental, and industry-specific rules may change costs or restrict products and business practices.
- Financial and market risk: Foreign exchange, interest rates, credit conditions, investment values, and capital-allocation decisions can affect reported earnings and valuation.
Shareholder returns
Dividend and buyback history
Dividend
Cisco reported $6.38B of dividends paid over the trailing period and $1.62B in the latest standardized quarter. These are company cash outflows, not a per-share forward yield.
Share buybacks
The standardized snapshot does not currently expose a reliable repurchase authorization and share-count bridge for every issuer. Compare diluted shares outstanding across filings and read the capital-return note before concluding that buybacks reduced the share base.
Research workflow
Common research questions about CSCO
Who is the largest tracked institutional holder of CSCO?
The current tracked-manager sample does not identify an active CSCO holder. The CSCO ownership page will reflect a matching position when one enters the filing dataset.
What does recent insider activity show for CSCO?
No recent Form 4 transaction appears in the current CSCO window. Check the CSCO Form 4 history for later company-officer or director filings.
What business does Cisco operate?
Cisco sells networking, security, collaboration, observability, and infrastructure products used by enterprises, telecom operators, and data centers. The CSCO company snapshot connects that business description with reported revenue, profit, and cash flow.
How does CSCO compare with a close operating peer?
CSCO's revenue growth is 12.0% and its operating margin is 23.8%. Compare those figures with ORCL research using the same definitions.
What do the latest financials say about CSCO?
10-Q reports $60.2B of trailing revenue, with revenue growth of 12.0% and an operating margin of 23.8%. The supporting period and source are listed in the CSCO filing section.
How strong is CSCO's cash return profile?
Cisco reported $6.4B of trailing dividends paid alongside $12.0B of free cash flow. The CSCO capital-return section separates company cash outflows from a forward per-share yield.
Which assumptions matter most for the CSCO outlook?
The CSCO range depends on revenue growth, operating margin, cash conversion, and the risk assumptions in each new filing. Recheck them in the CSCO forecast section.
Primary and reference data
Sources and methodology
- Filings: SEC EDGAR CompanyFacts, 10-K, 10-Q, 8-K, Form 4, 13F-HR.
- Fundamentals: SEC EDGAR CompanyFacts; market references may use yfinance and Finnhub where explicitly available.
- ETF: Issuer disclosures and the locally dated ETF holdings snapshot.
Methodology: How SnowballHare parses and validates data.
Editorial standards: How research is published.
Disclaimer: Informational only; not investment, legal, or tax advice. Cross-check material facts against original filings before acting.
Reference notes
Data notes
Reporting dates
Use filing dates, report periods, and source links together for CSCO. A company filing, a 13F disclosure, a Form 4 transaction, and an earnings release can describe different time windows, so the date beside each row matters before comparing signals.
Ownership context
13F rows are delayed public long-equity snapshots from a selected manager universe. They are useful for seeing which tracked institutions reported exposure, but they do not show every hedge, short position, cash balance, or trade made after the quarter ended.
Insider transactions
Form 4 activity should be read by transaction type, role, value, and remaining ownership. Open-market purchases and sales are different from grants, option exercises, gifts, or tax withholding, and the original SEC filing is still the controlling document.
Earnings and forecasts
Earnings pages and forecast pages are linked when a supported article exists. Treat those pages as context for reported numbers, guidance, margins, and scenario assumptions, then return to the table data when you need the underlying source date or filing trail.