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NASDAQ: CSCO Nasdaq Communications Equipment Next results ~November 12, 2026

B Fundamentals grade

Cisco Systems designs, manufactures and sells networking and technology infrastructure. Its products span four main categories: core networking equipment such as switches, routers, wireless gear and servers; security offerings including network security, identity and access management, secure access service edge (SASE) and identity-related tools; collaboration tools such as the Webex Suite, collaboration devices, contact-centre software and communications platform services; and observability software for network assurance and monitoring. Alongside hardware and software, the company offers software-as-a-service subscriptions and technical and professional support services.

Customers include distributors, channel partners, large enterprises, service providers, cloud and hyperscale computing firms, and government bodies, mostly buying through contracts combining hardware, software licences and services. Revenue comes from selling hardware and perpetual software licences upfront, term software licences paired with ongoing maintenance, subscription-based SaaS arrangements billed over the contract term, and separate technical support and professional services.

Cisco organises its business into three geographic segments — Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC) — selling in countries including the United States, United Kingdom, Germany, France, Japan, India and China.

Based on Cisco's 10-K filed September 2, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$61

Cash-flow model

Base case. Range ~$45–$81 across our lower- and higher-growth cases (2.7%–12.7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 40% below it.

Price used: $101.61, November 2, 2026

Cisco valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cisco files

Where Cisco stands after its latest 10-K

Revenue for the twelve months to July 2026 was $63.3bn, up 11.8% on a year earlier, faster than 9.2% a quarter earlier. Free-cash-flow margin fell to 20.2% from 23.5% a year earlier. Operating margin widened to 24.3% from 20.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 7 financial-health checks. Our cash-flow model value is $50.88 a share, against a share price of $106. At that price, our model says the market is pricing in about 20.6% a year of cash-flow growth for five years, faster than the 4.9% a year revenue growth it has delivered.

Source: 10-K filed September 2, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Cisco's trailing-twelve-month revenue grew 11.8% year on year, with a free-cash-flow margin of 20.2%. Where it stands out: operating margin of 24.3% ranks 5 of 40 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$61 per share in the base case (~$45–$81 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 3.9% while net income grew 30.3%: a 34pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.5 points on a year ago.
  • Strong cash generation. 20.2% of revenue turned into free cash flow, against a median of 8.2% for communications equipment companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.5% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $101.61 is 40% above our value per share of $61.
  • Insiders selling. 10 insiders sold $106M of stock over the past 365 days and none bought (97% under pre-set trading plans).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 6.0% ranks 28 of 37 communications equipment companies we cover (median 3.9%).

Latest results: FY2026 Q4

Filed September 2, 2026
Earnings per share
$1.22 against an average estimate of $1.17: beat by 4.4%
Revenue
$17.25bn, up 17.6% on a year earlier
Share reaction
-5.8% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
revenue $18bn to $18.2bn (Q1 FY 2027); non-GAAP gross margin 65% to 66% (Q1 FY 2027)
Next report
November 12, 2026; average EPS estimate $1.32

Cisco's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-7.8%
  • 1 month-9.4%
  • This year+34.4%
  • 1 year+41.6%
  • 5 years+102.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$63.3B
Operating margin
24.3%
Net margin
21.0%
EPS (TTM, diluted)
$3.33

Growth

Revenue growth
+11.8%
Change in growth rate
+2.6 pts
Share count change
−0.3%

Cash

Free cash flow (TTM)
$12.8B
FCF margin
20.2%
Stock pay % of revenue
6.0%

Earnings

Last results
August 12, 2026
Next results (est.)
November 11, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Partnership

    Cisco updates partner program with new incentives and AI tools

    Cisco said it expanded its 360 Partner Program with new incentives and the general availability of Cisco IQ for partners. The company increased ACV growth rewards by 50% and doubled Adopt incentives. It also launched a new Ecosystem Deal Registration feature to formalize partner recognition.

    Company releaseRead source ↗
  2. Announcement

    Cisco releases Splunk report on AI agent costs

    Cisco said it published the Splunk State of Observability 2026 report, which surveyed 2,050 respondents across 10 countries. The study found that 55% of participants cannot control AI costs, while 87% prioritise monitoring AI. Cisco noted that 81% reported increased collaboration between observability and security teams.

    Company releaseRead source ↗
  3. Announcement

    Cisco unveils new silicon and optics at OCP 2026

    Cisco announced new Silicon One systems and optical innovations at the OCP Global Summit on October 12, 2026. The company said Microsoft and Alibaba have deployed 51.2T systems powered by the P200 chip in production. Cisco and NVIDIA also plan to develop an open specification for 400G-per-lane pluggable optics.

    Company releaseRead source ↗
  4. Leadership
  5. Announcement

    Cisco adds AI agents and workplace tools to Webex

    Cisco said it introduced agentic collaboration features for Webex on 7 October 2026. The update includes Claude Managed Agents for multi-step tasks and new Intelligent Workplace Experiences. The company also launched Dialog for customer service and RoomOS 27 for collaboration devices.

    Company releaseRead source ↗
  6. Announcement
  7. Announcement
  8. Announcement
  9. Product
  10. Insider trade
  11. Results
  12. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cisco valuation models and calculator

What the price is pricing in

The share price implies about 17.6% a year of cash-flow growth for five years.That is faster than the 4.9% a year revenue growth Cisco has delivered.

  • Priced in17.6%
  • Last 12 months11.8%
  • 3 years a year3.6%
  • 5 years a year4.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($102.68, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$61
Price used
$102.68close November 3, 2026
Implied change
▼ 41%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Cisco's free cash flow after stock-based pay with after-tax interest added back ($10.5B, FY2026 Q4 TTM), growing 13.6% and 7.3% in the next two years (forecasts, guidance and its record), then back to 7.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$45–~$81 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cisco's free cash flow after stock-based pay ( $10.5B, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cisco as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.04 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$61 ~$45–$81 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$87 ~$69–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$42 ~$33–$55 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$39–$53 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$59 ~$42–$87 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cisco with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▼ −13%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $35$49$67$91$123$163
8.5% $26$36$49$66$89$118
10% $21$28$38$52$69$91

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$22.60$24.16$33.68$45.95$38.95$47.96$40.43$47.94$45.48$67.04$113.73
Market value$115.0bn$122.0bn$164.4bn$204.6bn$165.7bn$203.2bn$169.5bn$196.8bn$184.7bn$268.0bn$453.4bn
+ Net debt (− = net cash)$21.0bn$22.0bn−$8.9bn$12.9bn$2.8bn$2.4bn$2.4bn−$1.6bn$23.5bn$19.7bn$22.3bn
Enterprise value$136.0bn$144.0bn$155.5bn$217.5bn$168.5bn$205.5bn$171.9bn$195.2bn$208.2bn$287.8bn$475.8bn
Multiples
Price / sales 2.3x2.5x3.3x3.9x3.4x4.1x3.3x3.5x3.4x4.7x7.2x
Price / earnings 10.7x12.7xn/m17.6x14.8x19.2x14.3x15.6x17.9x26.3x34.2x
Price / free cash flow 9.3x9.4x12.8x13.7x11.3x13.8x13.3x10.3x18.1x20.2x35.5x
EV / EBITDA 10.0x11.0x11.6x14.3x11.6x15.1x11.6x12.4x16.2x23.1x29.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

90 /100

Strong moat

How hard Cisco's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 20.4% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 63.5%, moving by 1.0 percentage points (standard deviation) across 10 years.

  • Durability 18 / 20

    Operating margin has been a median 25.4%; its worst year was 20.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 26.5% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 5.9% over five years; stock-based pay has been a median 3.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (95 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $18.1bn and EPS of $1.32 (range $1.31 to $1.34) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.15 +19% $73.2bn +16%
Next $5.62 +9% $78.1bn +7%

Next year's EPS estimate has moved +6.5% in 90 days, across 27 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.7% on 90 days ago. In the last 30 days, 1 analyst raised Cisco's forecast and 1 cut it.

Consensus EPS forecast Cisco, last 90 days
$4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.78 Current fiscal year, 60 days ago: $5.15 Current fiscal year, 30 days ago: $5.15 Current fiscal year, 7 days ago: $5.15 Current fiscal year, Now: $5.15 $5.15 Next fiscal year, 90 days ago: $5.28 Next fiscal year, 60 days ago: $5.60 Next fiscal year, 30 days ago: $5.62 Next fiscal year, 7 days ago: $5.62 Next fiscal year, Now: $5.62 $5.62

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.78$5.28
60 days ago $5.15$5.60
30 days ago $5.15$5.62
7 days ago $5.15$5.62
Now $5.15$5.62

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.17 $1.22 +4.4%
Apr 2026 $1.04 $1.06 +2.3%
Jan 2026 $1.02 $1.04 +1.8%
Oct 2025 $0.98 $1.00 +1.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Revenue FY 2027 $72.2bn to $73.4bn
    “Revenue $72.2 billion - $73.4 billion” source
  • Revenue Q1 FY 2027 $18bn to $18.2bn
    “Revenue $18.0 billion - $18.2 billion” source
  • Non-GAAP EPS FY 2027 $5.05 to $5.11 Non-GAAP
    “Non-GAAP EPS $5.05 - $5.11” source
  • GAAP EPS fiscal 2027 $4.00 to $4.06 GAAP
    “Cisco estimates that GAAP EPS will be $4.00 to $4.06 for fiscal 2027.” source
  • Non-GAAP EPS Q1 FY 2027 $1.32 to $1.34 Non-GAAP
    “Non-GAAP EPS $1.32 - $1.34” source
  • GAAP EPS the first quarter of fiscal 2027 $1.08 to $1.10 GAAP
    “Cisco estimates that GAAP EPS will be $1.08 to $1.10 for the first quarter of fiscal 2027.” source
Show 9 more items
  • Non-GAAP gross margin Q1 FY 2027 65% to 66% Non-GAAP
    “Non-GAAP gross margin 65% - 66%” source
  • Non-GAAP operating margin Q1 FY 2027 35.5% to 36.5% Non-GAAP
    “Non-GAAP operating margin 35.5% - 36.5%” source
  • Gross Margin Q1 FY 2027 63% to 64% GAAP
    “GAAP 63% - 64% 28% - 29% $1.08 - $1.10” source
  • Operating Margin Q1 FY 2027 28% to 29% GAAP
    “GAAP 63% - 64% 28% - 29% $1.08 - $1.10” source
  • effective tax provision rate FY 2027 about 14.5% GAAP
    “Our FY 2027 guidance assumes an effective tax provision rate of approximately 14.5% for GAAP and approximately 18.5% for non-GAAP results.” source
  • effective tax provision rate FY 2027 about 18.5% Non-GAAP
    “Our FY 2027 guidance assumes an effective tax provision rate of approximately 14.5% for GAAP and approximately 18.5% for non-GAAP results.” source
  • revenue · AI infrastructure from hyperscalers FY 2027 about $7.5bn
    “Delivered approximately $4 billion of revenue in FY 2026; $7.5 billion expected in FY 2027” source
  • effective tax provision rate Q1 FY 2027 about 15% GAAP
    “Our Q1 FY 2027 guidance assumes an effective tax provision rate of approximately 15% for GAAP and approximately 18.5% for non-GAAP results.” source
  • effective tax provision rate Q1 FY 2027 about 18.5% Non-GAAP
    “Our Q1 FY 2027 guidance assumes an effective tax provision rate of approximately 15% for GAAP and approximately 18.5% for non-GAAP results.” source

How earlier guidance turned out

  • GAAP EPS, fiscal 2026 guided $3.16 to $3.21 Above range: $3.33
  • Revenue, fiscal 2026 guided $62.8bn to $63bn Above range: $63.325bn
  • GAAP operating margin rate, fourth quarter of fiscal 2026 guided 23% to 24% Above range: 24.715975%
  • GAAP gross margin rate, fourth quarter of fiscal 2026 guided 63.5% to 64.5% Within range: 64.125898%
  • GAAP EPS, fourth quarter of fiscal 2026 guided $0.80 to $0.85 Above range: $0.97
  • Revenue, fourth quarter of fiscal 2026 guided $16.7bn to $16.9bn Above range: $17.252bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Cisco's revenue by +13.6% next year and +7.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.6%, weight 57%) , management guidance (+15.0%, weight 18%) and the company's own record (+7.7%, weight 24%) . How the weights are set.

Analyst recommendations

29 analysts, Oct 2026
Buy1966%
Hold1034%
Sell00%

Monthly trend

  1. Oct 20265141029
  2. Sep 20265141029
  3. Aug 2026514928
  4. Jul 2026413826

Counts of recommendations published by analysts covering Cisco, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.5%
of tradable shares
Days to cover
3.16
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
83%
of shares
Held by insiders
0.1%
of shares
Employees
82,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +41.6%

$71.78 on October 31, 2025 to $101.61

ThenNowEffect
Revenue (last 12 months) $56.7bn $63.3bn +11.8%
Net margin 18.0% 21.0% +16.6%
P/E multiple 28.2x 30.5x +8.3%
Share count 3998m 3987m +0.3%

Biggest factor: net margin.

Last 3 years +106.8%

$49.14 on November 3, 2023 to $101.61

ThenNowEffect
Revenue (last 12 months) $57.0bn $63.3bn +11.1%
Net margin 22.1% 21.0% −5.3%
P/E multiple 16.0x 30.5x +90.9%
Share count 4105m 3987m +3.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CSCO+46%−23%+9%+21%+34%+34%
Industry peers (median)+17%−18%−12%+33%+1%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CSCO75%33%58%67%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CSCO−10%−36%−17%−13%−18%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from July 15, 2019 to March 12, 2020. Getting back needed a 72% gain, reached on June 10, 2021, 455 days after the low.

Price behaviour

52-week range
$69.75 – $129.02
From 52-week high
−21.2%
vs 50-day average
−7.3%
vs 200-day average
+0.9%
Volatility (1 year)
36%
Beta vs S&P 500
1.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.1%
After a week
5 up, 7 down
typical move ±6.8%
After a month
4 up, 8 down
typical move ±7.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −5.8% +0.9% −8.2% −6.9%
May 13, 2026 +16.4% +1.4% +15.2% +22.0%
February 11, 2026 −13.1% −1.6% −9.0% −9.2%
November 12, 2025 +7.9% −1.6% +9.3% +8.5%
August 13, 2025 −2.9% +0.4% −6.0% −6.8%
May 14, 2025 +4.0% +0.6% +2.3% +3.7%
February 12, 2025 +2.3% +0.7% +3.6% −3.1%
November 13, 2024 −1.3% −0.6% −2.1% −0.2%
August 14, 2024 +7.0% +2.0% +11.2% +9.8%
May 15, 2024 −1.2% +1.0% −3.1% −6.7%
February 14, 2024 −1.2% +1.6% −2.2% −1.4%
November 15, 2023 −9.6% +0.3% −9.6% −6.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Cisco’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.47× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CSCO Cisco Grade B $102.06

Own 100 shares, sell the $112 call expiring November 27, 2026 (25 days) for $1.90 a share — $190 per contract.

Previous session · Bid $1.90, ask $2.43, quoted Mon 2 Nov, 17:19 New York time with CSCO at $102.06. Option prices move with the shares: check the live chain at your broker before trading.

  • If CSCO ends below $112: you keep your shares and the $190 — 1.9% extra on the position, 27.2% a year at that pace.
  • If it ends above $112: your shares are sold at $112, a total return of 11.6% including the premium — at or above our value of ~$61.
$1.2k $0 −$2.0k Break-even $100.16 Price $102.06 ← Our value ~$61
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$190
Annualised
27.2%
Break-even
$100.16
Max gain
$1,184
Chance of selling
~28%

Results are expected around November 11, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $100 put and sell the $112 call, both expiring November 27, 2026 (25 days).

  • Net cost of $3.40 a share ($340 per contract of 100 shares).
  • Worst case at expiry: -5.3%, if the shares fall below $100 (-2.0% from today).
  • Best case at expiry: +6.4%, if the shares rise above $112 (+9.7%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $61.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cisco in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cisco
$50B $55B $60B $65B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $58B Revenue (TTM), FY24 Q2: $57.2B Revenue (TTM), FY24 Q3: $55.4B Revenue (TTM), FY24 Q4: $53.8B Revenue (TTM), FY25 Q1: $53B Revenue (TTM), FY25 Q2: $54.2B Revenue (TTM), FY25 Q3: $55.6B Revenue (TTM), FY25 Q4: $56.7B Revenue (TTM), FY26 Q1: $57.7B Revenue (TTM), FY26 Q2: $59.1B Revenue (TTM), FY26 Q3: $60.7B Revenue (TTM), FY26 Q4: $63.3B $63.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $58B
FY24 Q2 $57.2B
FY24 Q3 $55.4B
FY24 Q4 $53.8B
FY25 Q1 $53B
FY25 Q2 $54.2B
FY25 Q3 $55.6B
FY25 Q4 $56.7B
FY26 Q1 $57.7B
FY26 Q2 $59.1B
FY26 Q3 $60.7B
FY26 Q4 $63.3B
Revenue growth, TTM YoY Cisco
-10% 0% 10% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 11.0% Revenue growth, TTM YoY, FY24 Q2: 7.7% Revenue growth, TTM YoY, FY24 Q3: 0.9% Revenue growth, TTM YoY, FY24 Q4: -5.6% Revenue growth, TTM YoY, FY25 Q1: -8.7% Revenue growth, TTM YoY, FY25 Q2: -5.3% Revenue growth, TTM YoY, FY25 Q3: 0.5% Revenue growth, TTM YoY, FY25 Q4: 5.3% Revenue growth, TTM YoY, FY26 Q1: 8.9% Revenue growth, TTM YoY, FY26 Q2: 9.0% Revenue growth, TTM YoY, FY26 Q3: 9.2% Revenue growth, TTM YoY, FY26 Q4: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 11.0%
FY24 Q2 7.7%
FY24 Q3 0.9%
FY24 Q4 -5.6%
FY25 Q1 -8.7%
FY25 Q2 -5.3%
FY25 Q3 0.5%
FY25 Q4 5.3%
FY26 Q1 8.9%
FY26 Q2 9.0%
FY26 Q3 9.2%
FY26 Q4 11.8%
Operating margin (TTM) Cisco
15% 20% 25% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 27.2% Operating margin (TTM), FY24 Q2: 27.2% Operating margin (TTM), FY24 Q3: 25.0% Operating margin (TTM), FY24 Q4: 22.6% Operating margin (TTM), FY25 Q1: 19.4% Operating margin (TTM), FY25 Q2: 19.0% Operating margin (TTM), FY25 Q3: 20.3% Operating margin (TTM), FY25 Q4: 20.8% Operating margin (TTM), FY26 Q1: 22.1% Operating margin (TTM), FY26 Q2: 22.7% Operating margin (TTM), FY26 Q3: 23.4% Operating margin (TTM), FY26 Q4: 24.3% 24.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 27.2%
FY24 Q2 27.2%
FY24 Q3 25.0%
FY24 Q4 22.6%
FY25 Q1 19.4%
FY25 Q2 19.0%
FY25 Q3 20.3%
FY25 Q4 20.8%
FY26 Q1 22.1%
FY26 Q2 22.7%
FY26 Q3 23.4%
FY26 Q4 24.3%
FCF margin (TTM) Cisco
15% 20% 25% 30% 35% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 30.1% FCF margin (TTM), FY24 Q2: 23.7% FCF margin (TTM), FY24 Q3: 22.4% FCF margin (TTM), FY24 Q4: 19.0% FCF margin (TTM), FY25 Q1: 21.6% FCF margin (TTM), FY25 Q2: 23.6% FCF margin (TTM), FY25 Q3: 23.0% FCF margin (TTM), FY25 Q4: 23.5% FCF margin (TTM), FY26 Q1: 22.1% FCF margin (TTM), FY26 Q2: 20.7% FCF margin (TTM), FY26 Q3: 19.4% FCF margin (TTM), FY26 Q4: 20.2% 20.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 30.1%
FY24 Q2 23.7%
FY24 Q3 22.4%
FY24 Q4 19.0%
FY25 Q1 21.6%
FY25 Q2 23.6%
FY25 Q3 23.0%
FY25 Q4 23.5%
FY26 Q1 22.1%
FY26 Q2 20.7%
FY26 Q3 19.4%
FY26 Q4 20.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Cisco took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $63.3B
  2. Other income $641M · 1.0%
  3. Cost of revenue $22.5B · 35.5%
  4. Gross profit $40.9B · 64.5%
  5. Research and development $9.6B · 15.1%
  6. Selling, general and admin $14.3B · 22.6%
  7. Other operating costs $1.6B · 2.5%
  8. Operating income $15.4B · 24.3%
  9. Income tax $2.7B · 4.3%
  10. Net income $13.3B · 21.0%

Shares of revenue. Source: Cisco's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jul 2012 2013 Jul 2013 2014 Jul 2014 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Jul 2018 2019 Jul 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jul 2024 2025 Jul 2025 2026 Jul 2026
Income
Revenue 40.0 43.2 46.1 48.6 47.1 49.2 49.2 48.0 49.3 51.9 49.3 49.8 51.6 57.0 53.8 56.7 63.3
Gross profit 25.6 26.5 28.2 29.4 27.8 29.7 31.0 30.2 30.6 32.7 31.7 31.9 32.2 35.8 34.8 36.8 40.9
EBITDA — — 11.2 12.4 10.5 11.9 13.7 13.1 13.4 15.2 14.5 13.6 14.8 15.7 12.9 12.5 16.1
Operating income 9.2 7.7 10.1 11.2 9.3 10.8 12.7 12.0 12.3 14.2 13.6 12.8 14.0 15.0 12.2 11.8 15.4
Net income 7.8 6.5 8.0 10.0 7.9 9.0 10.7 9.6 0.1 11.6 11.2 10.6 11.8 12.6 10.3 10.2 13.3
Diluted EPS $1.33 $1.17 $1.49 $1.86 $1.49 $1.75 $2.11 $1.90 $0.02 $2.61 $2.64 $2.50 $2.82 $3.07 $2.54 $2.55 $3.33
Growth (year on year)
Revenue +10.9% +7.9% +6.6% +5.5% −3.0% +4.3% +0.2% −2.5% +2.8% +5.2% −5.0% +1.0% +3.5% +10.6% −5.6% +5.3% +11.8%
EBITDA — — — +11.0% −14.9% +12.6% +15.1% −4.3% +2.6% +13.5% −4.6% −6.1% +8.3% +6.5% −18.1% −3.3% +29.0%
Operating income +25.2% −16.3% +31.2% +11.2% −16.5% +15.2% +17.5% −5.4% +2.8% +15.5% −4.2% −5.8% +8.9% +7.6% −19.0% −3.5% +30.7%
Net income +26.6% −16.4% +23.9% +24.2% −21.3% +14.4% +19.6% −10.5% −98.9% — −3.5% −5.6% +11.5% +6.8% −18.2% −1.4% +30.3%
Diluted EPS +26.7% −12.0% +27.4% +24.8% −19.9% +17.4% +20.6% −10.0% −98.9% — +1.1% −5.3% +12.8% +8.9% −17.3% +0.4% +30.6%
Margins
Gross margin 64.0% 61.4% 61.2% 60.6% 58.9% 60.4% 62.9% 63.0% 62.0% 62.9% 64.3% 64.0% 62.5% 62.7% 64.7% 64.9% 64.5%
EBITDA margin — — 24.2% 25.5% 22.4% 24.1% 27.7% 27.2% 27.2% 29.3% 29.5% 27.4% 28.6% 27.6% 23.9% 22.0% 25.4%
Operating margin 22.9% 17.8% 21.9% 23.0% 19.8% 21.9% 25.7% 24.9% 25.0% 27.4% 27.6% 25.8% 27.1% 26.4% 22.6% 20.8% 24.3%
Net margin 19.4% 15.0% 17.5% 20.5% 16.7% 18.3% 21.8% 20.0% 0.2% 22.4% 22.7% 21.3% 22.9% 22.1% 19.2% 18.0% 21.0%
Free-cash-flow margin 22.9% 20.6% 22.5% 24.1% 23.5% 23.0% 25.2% 26.9% 26.0% 28.7% 29.7% 29.6% 24.7% 33.4% 19.0% 23.5% 20.2%
Cash flow
Cash from operations 10.2 10.1 11.5 12.9 12.3 12.6 13.6 13.9 13.7 15.8 15.4 15.5 13.2 19.9 10.9 14.2 14.2
Capital spending 1.0 1.2 1.1 1.2 1.3 1.2 1.1 1.0 0.8 0.9 0.8 0.7 0.5 0.8 0.7 0.9 1.4
Free cash flow 9.2 8.9 10.4 11.7 11.1 11.3 12.4 12.9 12.8 14.9 14.7 14.8 12.7 19.0 10.2 13.3 12.8
Stock-based pay 1.5 1.6 1.4 1.1 1.3 1.4 1.5 1.5 1.6 1.6 1.6 1.8 1.9 2.4 3.1 3.6 3.8
Free cash flow after stock pay 7.6 7.3 9.0 10.6 9.7 9.9 11.0 11.4 11.3 13.4 13.1 13.0 10.9 16.7 7.1 9.6 8.9
Balance sheet
Cash 4.6 7.7 9.8 7.9 6.7 6.9 7.6 11.7 8.9 11.8 11.8 9.2 7.1 10.1 7.5 8.3 7.2
Total debt 15.3 16.8 16.3 16.2 20.8 25.4 28.6 33.7 — 24.7 14.6 11.5 9.5 8.5 31.0 28.1 29.5
Net debt (negative = net cash) 10.7 9.2 6.5 8.3 14.1 18.5 21.0 22.0 −8.9 12.9 2.8 2.4 2.4 −1.6 23.5 19.7 22.3
Diluted shares 5,848m 5,563m 5,404m 5,380m 5,281m 5,146m 5,088m 5,049m 4,881m 4,453m 4,254m 4,236m 4,192m 4,105m 4,062m 3,998m 3,987m
Returned to shareholders
Dividends — 0.7 1.5 3.3 3.8 4.1 4.8 5.5 6.0 6.0 6.0 6.2 6.2 6.3 6.4 6.4 6.6
Buybacks 7.9 6.7 4.6 2.8 9.4 4.3 3.9 3.7 17.5 20.7 2.7 2.9 7.7 4.3 5.8 6.0 6.1
Total returned 7.9 7.4 6.1 6.1 13.2 8.4 8.7 9.2 23.5 26.7 8.7 9.0 13.9 10.6 12.2 12.4 12.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · July 25, 2026
What it owns · $129.6bn
Short-term assets $38.7bnLonger-term assets $91.0bn
What it owes, and who funded it · $129.6bn
Short-term liabilities $41.5bnLonger-term liabilities $37.8bnShareholders' equity $50.3bn
  • Short-term assets cover short-term liabilities $38.7bn of assets due within a year against $41.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $38.7bn short-term assets against $37.8bn of longer-dated liabilities.
  • More cash than debt $7.2bn of cash against $29.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 59% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 23% to 59% over five years.
  • A year's operating cash flow covers at least 20% of debt $14.2bn of operating cash flow against $29.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $15.4bn against $1.5bn of interest.

From Cisco's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$6.1B
Dividends (TTM)
$6.6B
Returned to shareholders
99%
of free cash flow
Buybacks, last 3 fiscal years
$17.9B
Diluted share count
−0.3%
year over year
Total shareholder yield
3.2%
dividends 1.6% + buybacks 1.5% of market value
Dividend payout ratio
49%
of net income paid out
R&D spending
15.1%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated CSCO ERIC MSI ANET CIEN VSAT Median
Revenue, last 12 months $63.3bn $24.2bn $12.2bn $10.5bn $6.0bn $4.6bn $324m
Revenue growth, last 12 months 11.8% 3.2% 10.3% 32.6% 32.6% 1.3% 11.0%
Revenue growth, 3-year average 3.6% — 8.2% 26.1% 12.5% 18.8% 4.1%
Revenue growth, latest quarter 17.6% — 13.3% 37.7% 37.0% −1.2% 12.9%
Gross margin 64.5% 47.6% 52.0% 63.0% 44.1% — 43.7%
Operating margin 24.3% 16.3% 24.9% 43.1% 12.3% 2.4% 2.2%
Operating margin, 3-year average 22.6% 4.4% 24.8% 42.5% 7.5% −5.7% −1.4%
Net margin 21.0% 12.0% 17.4% 38.4% 10.9% −0.6% −0.0%
Cash from operations / revenue 22.4% 13.9% 24.3% 50.3% 17.5% 34.4% 9.9%
Free-cash-flow margin 20.2% 12.8% 21.9% 48.9% 13.5% 12.5% 7.7%
Free-cash-flow margin, 3-year average 20.9% 10.3% 21.7% 47.2% 11.3% 2.2% 2.2%
Stock pay / revenue 6.0% — 2.9% 4.8% 3.5% 2.1% 3.9%
Change in share count −0.3% 0.1% −1.8% −0.3% 0.1% 4.9% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measure Company Peer median Rank
Revenue growth Growth 11.8% 11.3% 19 of 40
Change in growth rate Growth +2.6pp +2.0pp 16 of 40
Gross margin Profitability 64.5% 44.1% 9 of 36
Operating margin Profitability 24.3% 2.4% 5 of 40
Net margin Profitability 21.0% 0.6% 5 of 40
Free-cash-flow margin Cash generation 20.2% 8.2% 7 of 38
Stock pay as % of revenue Cash generation 6.0% 3.9% 28 of 37
Long-term debt as % of assets Balance sheet 14.9% 10.4% 15 of 23
Change in share count Balance sheet -0.3% 1.6% 8 of 36
Days sales outstanding Balance sheet 43 days 75 days 6 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 25, 2026
Products and services
Line of business Revenue YoY
Products $48.3B ▲ 16.1%
Networking $34.7B ▲ 22.5%
Subscriptions $32B ▲ 1.4%
Subscription Revenue Product $18.3B ▲ 3.0%
Services $15B ▼ 0.1%
Subscription Revenue Service $13.7B ▼ 0.6%
Security $8.2B ▲ 1.7%
Collaboration $4.3B ▲ 3.5%
Observability $1.1B ▲ 3.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Cisco's 10-K filed September 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$371B
Institutions reporting
4,026
Shares held vs prior quarter
▲ 1.8%
Positions opened / closed
441 / 104

Top buyers and sellers, Q2 2026: 1,777 institutions bought and 1,924 sold ; the biggest buyer was Capital International Investors (+22.7M shares) and the biggest seller Wellington Management Group LLP (−17.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $42.1B 358.7M 11.4% ▼ 1.7%
Vanguard Capital Management LLC $28.8B 244.8M 7.8% ▲ 0.4%
State Street Corp $23.2B 197.2M 6.2% ▲ 1.8%
Invesco Ltd. $16.2B 138.2M 4.4% ▼ 1.1%
Vanguard Portfolio Management LLC $14B 119.3M 3.8% ▲ 1.2%
Geode Capital Management, LLC $11.8B 101.0M 3.2% ▼ 1.1%
Morgan Stanley $9.4B 80.4M 2.5% ▲ 3.4%
FMR LLC $8.9B 76.1M 2.4% ▲ 12.9%
Capital Research Global Investors $7.9B 67.2M 2.1% ▲ 5.0%
Norges Bank $6.4B 54.8M 1.7% —
Bank Of America Corp $5.9B 50.2M 1.6% ▼ 3.2%
Jpmorgan Chase & Co $5.8B 48.9M 1.6% ▲ 36.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cisco's complete shareholder register. Values are as reported by the filers ; 10 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $106M 95 trades by 10 insiders · 97% under pre-set plans
Net ▼ $106M net selling
Insider Date Trade Shares Price Value
Tuszik Oliver EVP, Global Sales September 14, 2026 Sell pre-set plan 680 $110.18 $74,922
Subaiya Thimaya K. EVP, Operations September 14, 2026 Sell pre-set plan 312 $110.18 $34,376
Patterson Mark EVP and CFO September 11, 2026 Sell pre-set plan 1,795 $108.87 $195,422
Fink Nichlas A SVP, Chief Accounting Officer September 8, 2026 Sell pre-set plan 2,274 $109.36 $248,685
Subaiya Thimaya K. EVP, Operations August 19, 2026 Sell pre-set plan 3,605 $111.75 $402,873
Subaiya Thimaya K. EVP, Operations August 19, 2026 Sell pre-set plan 2,227 $111.00 $247,201
Robbins Charles Chair and CEO August 14, 2026 Sell pre-set plan 300 $113.49 $34,048
Robbins Charles Chair and CEO August 14, 2026 Sell pre-set plan 2,699 $112.50 $303,643
Robbins Charles Chair and CEO August 14, 2026 Sell pre-set plan 14,829 $111.56 $1.7M
Robbins Charles Chair and CEO August 14, 2026 Sell pre-set plan 3,800 $110.59 $420,259
Stahlkopf Deborah L EVP and Chief Legal Officer August 14, 2026 Sell pre-set plan 700 $112.63 $78,843
Stahlkopf Deborah L EVP and Chief Legal Officer August 14, 2026 Sell pre-set plan 4,487 $111.60 $500,764

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 124 trades and filings

In the last 12 months, 4 members of Congress disclosed 5 purchases and 6 sales of Cisco shares.

  • Maria Elvira Salazar(R-FL 27):Sale (full), $15,001 - $50,000, traded September 24, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 24, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 8, 2026, filed October 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 13, 2026
  • February 11, 2026
  • November 12, 2025
  • August 13, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on Cisco was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cisco in brief

What does Cisco do?
Cisco is a US-listed company in the communications equipment industry. Its financial year ends in July.
What is Cisco's stock ticker?
Cisco trades under the ticker CSCO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cisco's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cisco reported revenue of $63.3B, 11.8% higher than a year earlier, according to its SEC filings.
What is Cisco's free cash flow?
Cisco's free-cash-flow margin is 20.2% of revenue over the trailing twelve months, ranking 7 of the 38 communications equipment companies we cover.
What is Cisco's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cisco's free cash flow after stock-based pay gives ~$61 per share in the base case, and ~$45–$81 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cisco's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Cisco buying back stock, and does it pay a dividend?
Cisco spent $6.1B on share repurchases over the trailing twelve months, and its diluted share count fell 0.3% over the year.
What is Cisco's market cap?
On July 24, 2026, Cisco's market capitalisation was about $453B, with a price-to-earnings ratio of 34.2 and net debt of $22.3B. Market figures come from third-party market data and may be delayed.
Does Cisco pay a dividend?
Yes: Cisco paid $6.6B in dividends over the trailing twelve months, a dividend yield of 1.63% and a payout ratio of 49.4%.
How much debt does Cisco have?
Cisco's debt-to-equity ratio is 58.7%, from its latest balance sheet (22.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cisco's competitors?
In our Communications Equipment peer group, the companies closest to Cisco are Ericsson LM Telephone Co, Motorola Solutions, Arista Networks, Ciena and Viasat Inc. The side-by-side comparison below sets their revenue, margins and growth against Cisco's.
Are insiders buying or selling Cisco stock?
Over the last 12 months, Cisco's directors and officers reported 0 open-market purchases and 95 sales on Form 4. The insider trading page charts every trade.
When is Cisco's next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cisco announces its own schedule.