CISCO SYSTEMS, INC.

CSCO 10-Q · Q2 2026

CSCO Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 15,349 13,991 +9.7%
Show Product Lines breakouts
Collaboration 1,054 996 +5.8%
Networking 8,294 6,850 +21.1%
Observability 277 277 0.0%
Product 11,642 10,234 +13.8%
Security 2,018 2,111 -4.4%
Service 3,707 3,757 -1.3%
Subscription And Circulation 7,836 7,862 -0.3%
Subscription Revenue, Product 4,474 4,432 +0.9%
Subscription Revenue, Service 3,362 3,430 -2.0%
Show Business Segments breakouts
Americas · Operating Segments 8,845 8,202 +7.8%
APJC · Operating Segments 2,080 1,934 +7.5%
EMEA · Operating Segments 4,425 3,855 +14.8%
Show Geography breakouts
US 8 7.4 +8.1%
Cost of Revenue 5,377 4,880 +10.2%
Show Product Lines breakouts
Product 4,205 3,713 +13.3%
Product · Americas 2,416 1,877 +28.7%
Product · APJC 533 490 +8.8%
Product · EMEA 962 778 +23.7%
Service 1,172 1,167 +0.4%
Service · Americas 612 635 -3.6%
Service · APJC 179 183 -2.2%
Service · EMEA 289 288 +0.3%
Show Business Segments breakouts
Americas · Operating Segments 3,029 2,512 +20.6%
APJC · Operating Segments 712 673 +5.8%
EMEA · Operating Segments 1,252 1,066 +17.4%
Gross Profit 9,972 9,111 +9.5%
Show Business Segments breakouts
Americas · Operating Segments 5,816 5,545 +4.9%
APJC · Operating Segments 1,368 1,320 +3.6%
EMEA · Operating Segments 3,173 2,750 +15.4%
Show Consolidation Items breakouts
Corporate Non Segment -385 -503 +23.5%
Operating Segments 10,357 9,614 +7.7%
Research & Development 2,355 2,299 +2.4%
Sales & Marketing 2,881 2,672 +7.8%
General & Administrative 688 752 -8.5%
Amortization Of Intangible Assets 231 265 -12.8%
Show Income Statement Location breakouts
Cost Of Sales 235 340 -30.9%
Operating Expense 231 265 -12.8%
Total 466 605 -23.0%
Restructuring And Other Charges 36 10 +260.0%
Show Restructuring Plan breakouts
FISCAL 2025 PLAN 36
Operating Expenses 6,191 5,998 +3.2%
Operating Income 3,781 3,113 +21.5%
Investment Income Interest And Dividend 210 238 -11.8%
Interest Expense -370 -404 +8.4%
Other Non-Operating Income (Expense) 25 -60 +141.7%
Non-Operating Income (Expense) -135 -226 +40.3%
Income Before Taxes 3,646 2,887 +26.3%
Income Tax Expense (Benefit) 471 459 +2.6%
Net Income 3,175 2,428 +30.8%
Show Equity Components breakouts
Retained Earnings 3,175 2,428 +30.8%
EPS (Basic) 0.8 0.61 +31.1%
EPS (Diluted) 0.8 0.61 +31.1%
Wtd Avg Shares (Basic) 3,955 3,981 -0.7%
Wtd Avg Shares (Diluted) 3,984 4,005 -0.5%
Comprehensive Income 3,269 2,311 +41.5%
Other Comprehensive Income 94 -117 +180.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 94 -117 +180.3%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 26 43 -39.5%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 7,458 8,556 -12.8%
Short-Term Investments 8,319 8,297 +0.3%
Accounts Receivable 6,606 5,669 +16.5%
Inventory 3,920 2,927 +33.9%
Notes And Loans Receivable Net Current 2,944 3,074 -4.2%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Finance Receivables 310 346 -10.4%
Loans Receivable 2,634 2,728 -3.4%
Other Assets Current 5,884 6,158 -4.4%
Total Current Assets 35,131 34,681 +1.3%
Non-Current Assets
Property, Plant & Equipment 2,351 1,992 +18.0%
Notes And Loans Receivable Net Noncurrent 3,698 3,240 +14.1%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Finance Receivables 541 590 -8.3%
Loans Receivable 3,157 2,650 +19.1%
Goodwill 59,234 58,719 +0.9%
Show Business Segments breakouts
Americas 36,528 36,210 +0.9%
APJC 8,285 8,211 +0.9%
EMEA 14,421 14,298 +0.9%
Deferred Tax Assets 7,399 6,591 +12.3%
Other Non-Current Assets 7,251 6,013 +20.6%
Total Assets 123,371 121,375 +1.6%
Operating Lease Right-of-Use Assets 1,408 1,134 +24.2%
Intangible Assets 8,307
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 4,633
Technology Based Intangible Assets 3,243
Trade Names 431
Other Assets
Intangible Assets Net Excluding Goodwill 8,307
Current Liabilities
Debt Current 8,719 11,413 -23.6%
Show Short Term Debt Type breakouts
Commercial Paper 5,469 10,916 -49.9%
Senior Notes 3,250 496 +555.2%
Accounts Payable 2,762 1,902 +45.2%
Accrued Income Taxes Current 195 1,884 -89.6%
Employee Related Liabilities Current 3,494 3,299 +5.9%
Deferred Revenue (Current) 16,199 15,999 +1.3%
Other Liabilities Current 5,417 5,522 -1.9%
Total Current Liabilities 36,786 40,019 -8.1%
Accrued Liabilities (Q)
Show Share Repurchase Program breakouts
Stock repurchase program 17 21 -19.0%
Current Portion of Long-Term Debt 3,250 497 +553.9%
Non-Current Liabilities
Long-Term Debt 21,367 19,625 +8.9%
Accrued Income Taxes Noncurrent 2,124 1,756 +21.0%
Contract With Customer Liability Noncurrent 12,204 11,796 +3.5%
Other Non-Current Liabilities 3,167 2,649 +19.6%
Total Liabilities 75,648 75,845 -0.3%
Long-Term Debt 24.6 20.1 +22.4%
Operating Lease Liabilities 1,249 1,015 +23.1%
Other Liabilities
Commitments And Contingencies (Q)
Show Related Party Transactions By Related Party breakouts
Investments In Privately Held Companies 0.7 0.2 +250.0%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 48,493 46,521 +4.2%
Retained Earnings 66 502 -86.9%
Accumulated Other Comprehensive Income -836 -1,493 +44.0%
Total Stockholders' Equity 47,723 45,530 +4.8%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 106 110 -3.6%
Accumulated Net Unrealized Investment Gain Loss -12 -161 +92.5%
Accumulated Other Comprehensive Income -836 -1,493 +44.0%
Accumulated Translation Adjustment -930 -1,442 +35.5%
Common Stock Including Additional Paid In Capital 48,493 46,521 +4.2%
Retained Earnings 66 502 -86.9%
Total Liabilities & Equity 123,371 121,375 +1.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation Amortization And Other 1,265 1,550 -18.4%
Stock-Based Compensation 1,989 1,748 +13.8%
Accounts Receivable And Financing Receivable Credit Loss Expense Reversal 9 7 +28.6%
Deferred Income Taxes And Tax Credits -64 -382 +83.2%
Gain Loss On Investments -237 -5 -4640.0%
Change in Accounts Receivable 54 969 -94.4%
Change in Inventory -761 441 -272.6%
Increase Decrease In Finance Receivables -120 330 -136.4%
Increase Decrease In Other Operating Assets -642 -427 -50.4%
Change in Accounts Payable 236 -359 +165.7%
Increase Decrease In Accrued Income Taxes Payable -2,503 -2,285 -9.5%
Increase Decrease In Employee Related Liabilities -120 -293 +59.0%
Change in Deferred Revenue -290 -555 +47.7%
Increase Decrease In Other Operating Liabilities 183 24 +662.5%
Net Cash from Operations 5,034 5,902 -14.7%
Investing Activities
Payments To Acquire Investments -4,228 -2,261 -87.0%
Proceeds From Sale Of Available For Sale Securities Debt 1,445 1,791 -19.3%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 2,303 2,703 -14.8%
Payments To Acquire Businesses Net Of Cash Acquired -46 -257 +82.1%
Payments For Purchase Of Investments In Privately Held Companies -65 -137 +52.6%
Proceeds From Investments In Privately Held Companies 55 94 -41.5%
Capital Expenditures -606 -427 -41.9%
Other Investing Activities -8 -5 -60.0%
Net Cash from Investing -1,150 1,501 -176.6%
Financing Activities
Proceeds From Issuance Of Common Stock 354 320 +10.6%
Share Repurchases -3,355 -3,243 -3.5%
Tax Withholding for Share Compensation -1,068 -655 -63.1%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 750 1,012 -25.9%
Proceeds From Issuance Of Long Term Debt 4,241 10,406 -59.2%
Debt Repayments -2,992 -11,382 +73.7%
Payments Of Dividends -3,234 -3,185 -1.5%
Proceeds From Payments For Other Financing Activities 2 -2 +200.0%
Net Cash from Financing -5,302 -6,729 +21.2%
Supplemental
Interest Paid 701 769 -8.8%
Income Taxes Paid 3,569 2,682 +33.1%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations -33 -8 -312.5%
Net Change in Cash -1,451 666 -317.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 7,459 9,508 -21.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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