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Cisco Systems, Inc. CSCO Product — Remaining performance obligation

Other product segments

Services
$21.4B+2.3%

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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$478.88B+74.7%
Enterprise value$504.8B+70.9%
P/E40.1×+13.1×
P/S7.9×+3.0×

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:RevenueRemainingPerformanceObligation.

The source filing: Cisco Systems, Inc.’s 10-Q, filed May 19, 2026.

Filed
May 19, 2026, 4:36 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000858877-26-000078
Line itemApril 25, 2026July 26, 2025
Product$22,058$21,572
Services21,40421,961
Total$43,462$43,533
Short-term RPO$21,818$21,723
Long-term RPO21,64421,810
Total$43,462$43,533
Amount to be recognized as revenue over the next 12 months50%50%
Deferred revenue$28,599$28,779

Item 1. Financial Statements (Unaudited)

FAQ

What is Cisco Systems, Inc.'s product — remaining performance obligation?
Cisco Systems, Inc. (CSCO) reported product — remaining performance obligation of $22.06B in Q1 2026.
How has Cisco Systems, Inc.'s product — remaining performance obligation changed year-over-year?
Cisco Systems, Inc.'s product — remaining performance obligation increased by 6.3% year-over-year, from $20.75B to $22.06B.
What is the long-term trend for Cisco Systems, Inc.'s product — remaining performance obligation?
Over 4 years (2021 to 2025), Cisco Systems, Inc.'s product — remaining performance obligation has grown at a 14.4% compound annual growth rate (CAGR), from $48.18B to $82.53B.
What does product — remaining performance obligation mean?
This metric represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. It serves as a backlog of contracted revenue that the company expects to recognize in future periods. It is a key indicator of long-term revenue visibility and the health of the sales pipeline.

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