Cisco Systems, Inc. CSCO Software and Service Agreements — Contract assets, current
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Where this comes from
Reported directly by Cisco Systems, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
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
Contract assets consist of unbilled receivables and are recorded when revenue is recognized in advance of scheduled billings to our customers. These amounts are primarily related to software and service arrangements where transfer of control has occurred but we have not yet invoiced. Our contract assets for these unbilled receivables, net of allowances, were $3.3 billion as of April 25, 2026 and $3.2 billion as of July 26, 2025, of which $1.8 billion and $1.7 billion, respectively, were included in other current assets, with remaining balances included in other assets.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Cisco Systems, Inc.'s software and service agreements — contract assets, current?
- Cisco Systems, Inc. (CSCO) reported software and service agreements — contract assets, current of $1.8B in Q1 2026.
- What does software and service agreements — contract assets, current mean?
- This metric measures the current portion of contract assets specifically associated with software and service agreements that are expected to be billed and collected within the next twelve months. It captures the short-term component of revenue recognized for performance obligations that have been fulfilled but for which the company does not yet have an unconditional right to payment. This provides insight into the near-term cash conversion cycle for the company's recurring software and service business.
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