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Cisco Systems, Inc. CSCO Contract Liabilities

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Segments

By product

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Services$15.14B+2.1%

Other financials

Income statement

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Revenue$15.8B+12.0%
Gross profit$10.1B+8.6%
Operating income$4.0B+23.7%
Net income$3.4B+35.4%
EPS (diluted)$0.85+37.1%

Balance sheet

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Cash & equivalents$7.1B-13.2%
Total debt$33.0B+7.3%
Total equity$48.9B+6.4%
Total assets$125.55B+4.8%

Cash flow

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Operating cash flow$3.8B-7.4%
CapEx$414.0M+58.6%
Free cash flow$3.3B-11.9%

Valuation

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Market cap$444.44B+64.3%
Enterprise value$470.35B+60.5%
P/E37.2×+9.6×
P/S7.3×+2.5×

Profitability

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Gross margin64.3%-0.9pp
Operating margin23.4%+3.1pp
Net margin19.7%+2.1pp
FCF margin19.4%-3.6pp

Returns & leverage

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Return on equity25.2%+3.9pp
Debt / equity0.7×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Cisco Systems, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Cisco Systems, Inc.’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cisco Systems, Inc.'s contract liabilities?
Cisco Systems, Inc. (CSCO) reported contract liabilities of $12.15B in Q1 2026.
How has Cisco Systems, Inc.'s contract liabilities changed year-over-year?
Cisco Systems, Inc.'s contract liabilities increased by 2.0% year-over-year, from $11.91B to $12.15B.
What is the long-term trend for Cisco Systems, Inc.'s contract liabilities?
Over 4 years (2021 to 2025), Cisco Systems, Inc.'s contract liabilities has grown at a 5.4% compound annual growth rate (CAGR), from $10.02B to $12.36B.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.