Published
## Filings that contain financial statements The following Form 8-Ks furnish Cisco's quarterly and annual results of operations, balance sheets, cash flow statements and segment/product revenue tables in an Exhibit 99.1 press release. These are useful primary sources for tracing quarterly and annual figures: - Accession 0000858877-26-000106 (filed August 12, 2026): fourth-quarter and full fiscal-year 2026 results (three months and fiscal year ended July 25, 2026), including income statement, balance sheet, cash flow statement, segment/product revenue, RPO and deferred revenue tables, and GAAP-to-non-GAAP reconciliations. - Accession 0000858877-26-000075 (filed May 13, 2026): third-quarter fiscal 2026 results (three and nine months ended April 25, 2026). - Accession 0000858877-26-000006 (filed February 11, 2026): second-quarter fiscal 2026 results (three and six months ended January 24, 2026). - Accession 0001193125-25-277624 (filed November 12, 2025): first-quarter fiscal 2026 results (three months ended October 25, 2025). - Accession 0001193125-25-179820 (filed August 13, 2025): fourth-quarter and full fiscal-year 2025 results (three months and fiscal year ended July 26, 2025). - Accession 0001193125-25-119864 (filed May 14, 2025): third-quarter fiscal 2025 results (three and nine months ended April 26, 2025). ## Earnings and guidance **August 12, 2026 — Fourth-quarter and fiscal-year 2026 results (accession 0000858877-26-000106).** Cisco reported record Q4 revenue of $17.3 billion (up 18% year over year) and record full-year FY2026 revenue of $63.3 billion (up 12%). Q4 GAAP EPS was $0.97 (up 52%) and non-GAAP EPS was $1.22 (up 23%); full-year GAAP EPS was $3.33 and non-GAAP EPS was $4.33. Total product orders rose 35% year over year in Q4 (up 25% excluding hyperscalers), with AI infrastructure orders from hyperscalers of $4 billion in the quarter, bringing the fiscal-year total to $9.3 billion. Cisco declared a quarterly dividend of $0.42 per share, payable October 21, 2026. Guidance for Q1 fiscal 2027 called for revenue of $18.0–$18.2 billion and non-GAAP EPS of $1.32–$1.34; fiscal 2027 guidance called for revenue of $72.2–$73.4 billion and non-GAAP EPS of $5.05–$5.11. **May 13, 2026 — Third-quarter fiscal 2026 results (accession 0000858877-26-000075).** Revenue was $15.8 billion, up 12% year over year, with GAAP EPS of $0.85 (up 37%) and non-GAAP EPS of $1.06 (up 10%), both exceeding the high end of guidance. Cisco raised its expected fiscal 2026 AI infrastructure orders from hyperscalers to $9 billion (from $5 billion) and expected fiscal 2026 AI infrastructure revenue to $4 billion (from $3 billion). Guidance for Q4 fiscal 2026 called for revenue of $16.7–$16.9 billion and non-GAAP EPS of $1.16–$1.18. **February 11, 2026 — Second-quarter fiscal 2026 results (accession 0000858877-26-000006).** Revenue was $15.3 billion, up 10% year over year, with GAAP EPS of $0.80 (up 31%) and non-GAAP EPS of $1.04 (up 11%), both above the high end of guidance. Cisco increased its quarterly dividend by 2% to $0.42 per share. AI infrastructure orders from hyperscalers totaled $2.1 billion in the quarter. Guidance for Q3 fiscal 2026 called for revenue of $15.4–$15.6 billion and non-GAAP EPS of $1.02–$1.04. **November 12, 2025 — First-quarter fiscal 2026 results (accession 0001193125-25-277624).** Revenue was $14.9 billion, up 8% year over year, with GAAP EPS of $0.72 (up 6%) and non-GAAP EPS of $1.00 (up 10%), both above the high end of guidance. AI infrastructure orders from hyperscaler customers totaled $1.3 billion. Guidance for Q2 fiscal 2026 called for revenue of $15.0–$15.2 billion and non-GAAP EPS of $1.01–$1.03. **August 13, 2025 — Fourth-quarter and fiscal-year 2025 results (accession 0001193125-25-179820).** Q4 revenue was $14.7 billion, up 8% year over year; fiscal 2025 revenue was $56.7 billion, up 5%. Q4 GAAP EPS was $0.71 and non-GAAP EPS was $0.99; fiscal-year GAAP EPS was $2.61 and non-GAAP EPS was $3.81 (the fiscal 2026 Form 10-K's comparative column shows fiscal 2025 net income of $10,180 million and diluted EPS of $2.55, with $0.64 in the fourth quarter). AI infrastructure orders from webscale customers reached over $2 billion for fiscal 2025, more than double the original $1 billion target. Guidance for Q1 fiscal 2026 called for revenue of $14.65–$14.85 billion and non-GAAP EPS of $0.97–$0.99. **May 14, 2025 — Third-quarter fiscal 2025 results (accession 0001193125-25-119864).** Revenue was $14.1 billion, up 11% year over year, above the high end of guidance, with GAAP EPS of $0.62 (up 35%) and non-GAAP EPS of $0.96 (up 9%). AI infrastructure orders from webscale customers exceeded $600 million in the quarter, surpassing the $1 billion cumulative target a quarter early. ## Restructuring **May 13, 2026 (accession 0000858877-26-000075).** Cisco announced a restructuring plan to fund investment in silicon, optics, security and artificial intelligence, estimating pre-tax GAAP charges of up to $1 billion for severance and other termination benefits and related costs. Approximately $450 million of the charges were expected to be recognized in the fourth quarter of fiscal 2026, with the remainder expected during fiscal 2027. Cisco's fiscal 2027 non-GAAP guidance issued August 12, 2026 states the plan is expected to be substantially completed by the end of fiscal 2027. ## Acquisitions (closed) Cisco's earnings releases disclosed the following completed, privately held company acquisitions during fiscal 2026 and fiscal 2025. None of these disclosures described a pending or unclosed transaction. - Q4 fiscal 2026 (accession 0000858877-26-000106): closed acquisitions of Galileo Technologies, Inc., a privately held observability company, and Astrix Securities Ltd., a privately held security company focused on Non-Human Identity (NHI) Security. - Q2 fiscal 2026 (accession 0000858877-26-000006): closed acquisitions of NeuralFabric Corp., a privately held enterprise AI platform company, and EzDubs, Inc., a privately held AI software company. - Q1 fiscal 2026 (accession 0001193125-25-277624): closed the acquisition of Aura Asset Intelligence, an asset and risk intelligence solution created by Discovered Intelligence, a privately held company based in Toronto, Canada. - Q3 fiscal 2025 (accession 0001193125-25-119864): closed the acquisition of SnapAttack, a privately held threat detection and engineering platform company. ## Board and management changes - **April 27, 2026 (accession 0000858877-26-000057).** M. Victoria Wong notified Cisco of her decision to retire as Senior Vice President and Chief Accounting Officer effective May 19, 2026; she will remain as an Executive Advisor through July 25, 2026. Nichlas A. Fink, Cisco's Vice President and Corporate Controller, was appointed to succeed her as Chief Accounting Officer effective May 20, 2026. - **March 31, 2026 (accession 0000858877-26-000048).** Daniel H. Schulman notified Cisco of his decision to resign from the Board of Directors, effective May 21, 2026, citing the increased time required by his new role as CEO of Verizon Communications Inc. On April 4, 2026, the Board appointed Peter A. Shimer, determined to be independent, as a director effective April 6, 2026, also serving on the Audit Committee. - **December 16, 2025 (accession 0000858877-25-000199).** At Cisco's annual meeting, stockholders re-elected all nine director nominees, approved the amendment and restatement of the 2005 Stock Incentive Plan (increasing authorized shares by 57,490,000, with the plan now terminating at the 2030 annual meeting), approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as independent auditor for fiscal 2026. A stockholder proposal requesting an evaluation of Cisco's inclusion programs was not approved. - **October 15, 2025 (accession 0000858877-25-000145).** Director Wesley G. Bush notified Cisco of his decision not to stand for re-election at the 2025 annual meeting; he continued to serve until that meeting. - **August 21, 2025 (accession 0000858877-25-000103).** Cisco's Board amended and restated the company's Bylaws, effective immediately, to add a cure process for deficiencies in stockholder director-nomination notices and to make clarifying, ministerial changes. - **May 9, 2025 (accession 0000858877-25-000021).** R. Scott Herren notified Cisco of his decision to retire as Executive Vice President and Chief Financial Officer effective July 26, 2025, remaining as an Executive Advisor through May 1, 2026. On May 10, 2025, Mark Patterson, then Chief Strategy Officer, was appointed to succeed him as CFO effective July 27, 2025, and Cisco also appointed Jeetu Patel as President and Chief Product Officer effective May 14, 2025. - **May 12, 2025 (accession 0000858877-25-000014).** The Board appointed Kevin Weil, Chief Product Officer of OpenAI, as an independent director effective May 12, 2025. - **February 27, 2025 (Form 8-K/A, accession 0000858877-25-000009).** Cisco and Gary Steele, President, Go-to-Market, agreed to change the effective date of his previously announced resignation to May 12, 2025. - **June 5, 2025 (accession 0000858877-25-000046).** Cisco's Compensation and Management Development Committee approved a restricted stock unit award of 47,832 units for Mark Patterson in connection with his previously disclosed appointment as CFO, vesting over three years.