What is Cisco Systems, Inc.'s R&D?

Cisco Systems, Inc. (CSCO) reported R&D of $2.38B in Q1 2026.

How has Cisco Systems, Inc.'s R&D changed year-over-year?

Cisco Systems, Inc.'s R&D increased by 1.8% year-over-year, from $2.34B to $2.38B.

What is the long-term trend for Cisco Systems, Inc.'s R&D?

Over 4 years (2021 to 2025), Cisco Systems, Inc.'s R&D has grown at a 9.2% compound annual growth rate (CAGR), from $6.55B to $9.3B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Cisco Systems, Inc. CSCO R&D

R&D at other companies

CienaCIEN

$237.91M+10.7%

Logitech InternationalLOGI

$87.07M+9.5%

NvidiaNVDA

$6.32B+58.5%

Extreme NetworksEXTR

$59.18M+6.3%

FortinetFTNT

$214M+7.8%

Five9FIVN

$39.68M-3.5%

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$468.91B+78.5%

Enterprise value$494.83B+73.5%

P/E39.2×+12.4×

P/S7.7×+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:ResearchAndDevelopmentExpense.

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 R&D?: Cisco Systems, Inc. (CSCO) reported R&D of $2.38B in Q1 2026.
How has Cisco Systems, Inc.'s R&D changed year-over-year?: Cisco Systems, Inc.'s R&D increased by 1.8% year-over-year, from $2.34B to $2.38B.
What is the long-term trend for Cisco Systems, Inc.'s R&D?: Over 4 years (2021 to 2025), Cisco Systems, Inc.'s R&D has grown at a 9.2% compound annual growth rate (CAGR), from $6.55B to $9.3B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.