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Cisco Systems, Inc. CSCO Subscription Revenue, Product — Revenue

Other product segments

Networking
$7.63B
Services
$3.72B-1.4%
Subscription Revenue, Service
$3.36B-2.2%
Security
$1.95B
Collaboration
$1.02B-0.7%
Observability
$259M

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemThree Months Ended / April 25, 2026Three Months Ended / April 26, 2025Nine Months Ended / April 25, 2026Nine Months Ended / April 26, 2025
Product$4,432$4,483$13,406$13,334
Services3,3593,43310,22110,288
Total$7,791$7,916$23,627$23,622

Item 1. Financial Statements (Unaudited)

FAQ

What is Cisco Systems, Inc.'s subscription revenue, product — revenue?
Cisco Systems, Inc. (CSCO) reported subscription revenue, product — revenue of $4.43B in Q1 2026.
How has Cisco Systems, Inc.'s subscription revenue, product — revenue changed year-over-year?
Cisco Systems, Inc.'s subscription revenue, product — revenue decreased by 1.1% year-over-year, from $4.48B to $4.43B.
What is the long-term trend for Cisco Systems, Inc.'s subscription revenue, product — revenue?
Over 3 years (2022 to 2025), Cisco Systems, Inc.'s subscription revenue, product — revenue has grown at a 21.0% compound annual growth rate (CAGR), from $10.03B to $17.78B.
What does subscription revenue, product — revenue mean?
This metric represents the portion of total revenue generated from recurring software and service subscriptions tied directly to networking hardware and product offerings. It reflects the company's strategic transition from traditional one-time hardware sales to a recurring revenue model that emphasizes long-term customer engagement and software-defined networking capabilities. This revenue stream is critical for assessing the stability and predictability of the company's top-line growth.

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