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Networking·CSCO
Cisco Systems, Inc.
NASDAQ · US
Enterprise, service-provider, security, routing, switching, and data center networking vendor.
AI relevance
Major Ethernet, routing, switching, and systems supplier for AI data center and enterprise network buildouts. Also has robotics tele-operation exposure through industrial networking, private wireless, and low-latency edge connectivity.
Price
$119.54
Change
+2.21 (+1.88%)
Market cap
$471.2B
52w range
$66–$130
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
CSCO market performance
Daily close for Cisco Systems, Inc.
- Latest close
- $119.5
- Range move
- +$53.70 (+81.6%)
- Range high
- $130.0
- Range low
- $65.84
- Latest volume
- 52.3M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
81 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus73 ratings
Strong buy
0
Buy
38
Hold
34
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-07-26 | $62.90B | $62.83B - $63.00B | $4.28 | $4.26 - $4.33 | $18.98B | $16.43B | $17.15B | $14.52B | 17 rev / 14 EPS |
| 2027-07-26 | $68.73B | $63.27B - $70.57B | $4.78 | $4.40 - $5.06 | $20.74B | $17.95B | $18.90B | $15.86B | 18 rev / 15 EPS |
| 2028-07-26 | $73.38B | $73.25B - $73.50B | $5.27 | $4.73 - $5.68 | $22.14B | $19.16B | $20.81B | $16.93B | 19 rev / 8 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-07-25 | $16.82B | $16.78B - $16.87B | $1.17 | $1.16 - $1.18 | $5.07B | $4.39B | $4.65B | $3.88B | 13 rev / 14 EPS |
| 2026-10-25 | $16.79B | $16.12B - $17.05B | $1.16 | $1.14 - $1.19 | $5.07B | $4.38B | $4.61B | $3.87B | 12 rev / 13 EPS |
| 2027-01-25 | $16.92B | $16.59B - $17.13B | $1.17 | $1.14 - $1.19 | $5.11B | $4.42B | $4.67B | $3.91B | 6 rev / 5 EPS |
| 2027-04-25 | $17.20B | $16.86B - $17.42B | $1.20 | $1.17 - $1.22 | $5.19B | $4.49B | $4.78B | $3.97B | 6 rev / 5 EPS |
| 2027-07-25 | $17.77B | $17.42B - $18.00B | $1.26 | $1.22 - $1.28 | $5.36B | $4.64B | $5.00B | $4.10B | 6 rev / 6 EPS |
| 2027-10-25 | $17.75B | $17.40B - $17.98B | $1.24 | $1.20 - $1.26 | $5.36B | $4.64B | $4.93B | $4.10B | 6 rev / 7 EPS |
| 2028-01-25 | $17.96B | $17.61B - $18.19B | $1.28 | $1.24 - $1.30 | $5.42B | $4.69B | $5.09B | $4.15B | 5 rev / 8 EPS |
| 2028-04-25 | $18.29B | $17.92B - $18.52B | $1.31 | $1.28 - $1.34 | $5.52B | $4.78B | $5.24B | $4.22B | 5 rev / 9 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $130.00 |
| Last quarter | 10 | $125.30 |
| Last year | 18 | $108.17 |
| All time | 91 | $68.27 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, MarketWatch, TipRanks Contributor, Barrons
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-12 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-06-08 | B of A Securities | Maintain | Buy | Buy |
| 2026-05-26 | B of A Securities | Maintain | Buy | Buy |
| 2026-05-15 | HSBC | Upgrade | Hold | Buy |
| 2026-05-15 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-05-14 | B of A Securities | Maintain | Buy | Buy |
| 2026-05-14 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-05-14 | Wells Fargo | Maintain | Overweight | Overweight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 4 | 13 | 8 | 0 | 1 |
| 2026-05-01 | 4 | 14 | 9 | 0 | 1 |
| 2026-04-01 | 4 | 14 | 9 | 0 | 0 |
| 2026-03-01 | 4 | 14 | 9 | 0 | 0 |
| 2026-02-01 | 4 | 13 | 9 | 0 | 1 |
| 2026-01-01 | 4 | 13 | 10 | 0 | 1 |
| 2025-12-01 | 4 | 11 | 10 | 0 | 1 |
| 2025-11-01 | 4 | 11 | 11 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $56.65B | $36.79B | 64.9% | $9.30B | $11.76B | $15.38B | $10.18B | $2.56 |
| FY 2024 | $53.80B | $34.83B | 64.7% | $7.98B | $12.18B | $15.75B | $10.32B | $2.55 |
| FY 2023 | $57.00B | $35.75B | 62.7% | $7.55B | $15.03B | $17.47B | $12.61B | $3.08 |
| FY 2022 | $51.56B | $32.25B | 62.5% | $6.77B | $13.97B | $16.79B | $11.81B | $2.83 |
| FY 2021 | $49.82B | $31.89B | 64.0% | $6.55B | $12.83B | $15.56B | $10.59B | $2.51 |
| FY 2020 | $49.30B | $31.68B | 64.3% | $6.35B | $13.62B | $16.36B | $11.21B | $2.65 |
| FY 2019 | $51.90B | $32.67B | 62.9% | $6.58B | $14.22B | $17.33B | $11.62B | $2.63 |
| FY 2018 | $49.33B | $30.61B | 62.0% | $6.33B | $12.31B | $16.17B | $110.0M | $0.02 |
| FY 2017 | $48.01B | $30.22B | 63.0% | $6.06B | $11.97B | $15.38B | $9.61B | $1.92 |
| FY 2016 | $49.25B | $30.96B | 62.9% | $6.30B | $12.66B | $15.68B | $10.74B | $2.13 |
| FY 2015 | $49.16B | $29.68B | 60.4% | $6.21B | $10.77B | $14.21B | $8.98B | $1.76 |
| FY 2014 | $47.14B | $27.77B | 58.9% | $6.29B | $9.35B | $12.71B | $7.85B | $1.50 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $14.19B | $905.0M | $13.29B |
| FY 2024 | $10.88B | $670.0M | $10.21B |
| FY 2023 | $19.89B | $849.0M | $19.04B |
| FY 2022 | $13.23B | $477.0M | $12.75B |
| FY 2021 | $15.45B | $692.0M | $14.76B |
| FY 2020 | $15.43B | $770.0M | $14.66B |
| FY 2019 | $15.83B | $909.0M | $14.92B |
| FY 2018 | $13.67B | $834.0M | $12.83B |
| FY 2017 | $13.88B | $964.0M | $12.91B |
| FY 2016 | $13.57B | $1.15B | $12.42B |
| FY 2015 | $12.55B | $1.23B | $11.32B |
| FY 2014 | $12.33B | $1.27B | $11.06B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $16.11B | $9.76B | $3.16B | $2.11B | $122.29B | $28.09B | $19.75B | $75.45B | $46.84B |
| FY 2024 | $17.85B | $10.02B | $3.37B | $2.09B | $124.41B | $30.97B | $23.46B | $78.96B | $45.46B |
| FY 2023 | $26.15B | $9.21B | $3.64B | $2.08B | $101.85B | $8.39B | -$1.73B | $57.50B | $44.35B |
| FY 2022 | $19.27B | $10.53B | $2.57B | $2.00B | $94.00B | $10.56B | $3.48B | $54.23B | $39.77B |
| FY 2021 | $24.52B | $10.15B | $1.56B | $2.34B | $97.50B | $11.53B | $2.35B | $56.22B | $41.27B |
| FY 2020 | $29.42B | $10.52B | $1.28B | $2.45B | $94.85B | $14.58B | $2.77B | $56.93B | $37.92B |
| FY 2019 | $33.41B | $10.59B | $1.38B | $2.79B | $97.79B | $24.67B | $12.92B | $64.22B | $33.57B |
| FY 2018 | $46.55B | $10.50B | $1.85B | $3.01B | $108.78B | $25.57B | $16.64B | $65.58B | $43.20B |
| FY 2017 | $70.49B | $10.00B | $1.62B | $3.32B | $129.82B | $33.72B | $22.01B | $63.68B | $66.14B |
| FY 2016 | $65.76B | $10.12B | $1.22B | $3.51B | $121.65B | $28.64B | $21.01B | $58.07B | $63.59B |
| FY 2015 | $60.42B | $9.84B | $1.63B | $3.33B | $113.37B | $25.35B | $18.48B | $53.67B | $59.70B |
| FY 2014 | $52.07B | $9.31B | $1.59B | $3.25B | $105.07B | $20.84B | $14.12B | $48.41B | $56.65B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 64.9% | 20.8% | 18.0% | 1.0x | 0.9x | 21.7% | 11.7% | 5.2x | 19.0x | 4.9% | 16.4% | 75d |
| FY 2024 | 64.7% | 22.6% | 19.2% | 0.9x | 0.8x | 22.7% | 10.8% | 4.0x | 13.8x | 5.3% | 14.8% | 89d |
| FY 2023 | 62.7% | 26.4% | 22.1% | 1.4x | 1.3x | 28.4% | 17.1% | 3.7x | 12.1x | 8.9% | 13.2% | 82d |
| FY 2022 | 62.5% | 27.1% | 22.9% | 1.4x | 1.3x | 29.7% | 16.3% | 3.7x | 11.5x | 6.7% | 13.1% | 80d |
| FY 2021 | 64.0% | 25.8% | 21.3% | 1.5x | 1.4x | 25.7% | 13.9% | 4.7x | 15.2x | 6.3% | 13.1% | 58d |
| FY 2020 | 64.3% | 27.6% | 22.7% | 1.7x | 1.7x | 29.6% | 15.1% | 4.0x | 12.2x | 7.5% | 12.9% | 59d |
| FY 2019 | 62.9% | 27.4% | 22.4% | 1.5x | 1.5x | 34.6% | 14.9% | 5.0x | 14.9x | 6.1% | 12.7% | 62d |
| FY 2018 | 62.0% | 25.0% | 0.2% | 2.3x | 2.2x | 0.3% | 0.1% | 4.5x | 13.7x | 6.3% | 12.8% | 77d |
| FY 2017 | 63.0% | 24.9% | 20.0% | 3.0x | 3.0x | 14.5% | 8.5% | 3.7x | 11.7x | 8.2% | 12.6% | 81d |
| FY 2016 | 62.9% | 25.7% | 21.8% | 3.2x | 3.1x | 16.9% | 10.4% | 3.6x | 11.2x | 8.0% | 12.8% | 78d |
| FY 2015 | 60.4% | 21.9% | 18.3% | 3.1x | 3.1x | 15.0% | 9.2% | 3.3x | 11.5x | 7.8% | 12.6% | 83d |
| FY 2014 | 58.9% | 19.8% | 16.7% | 3.4x | 3.3x | 13.9% | 8.8% | 3.1x | 11.5x | 8.4% | 13.4% | 83d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +5.3% | +5.6% | +16.5% | -3.5% | -1.4% | +0.4% | +30.1% | -35.1% | -9.8% | -6.2% | -1.7% | -9.3% |
| FY 2024 | -5.6% | -2.6% | +5.7% | -19.0% | -18.2% | -17.2% | -46.4% | +21.1% | -31.7% | -7.4% | +22.2% | +269.1% |
| FY 2023 | +10.6% | +10.9% | +11.5% | +7.6% | +6.8% | +8.8% | +49.3% | -78.0% | +35.7% | +41.9% | +8.4% | -20.5% |
| FY 2022 | +3.5% | +1.1% | +3.4% | +8.9% | +11.5% | +12.7% | -13.6% | +31.1% | -21.4% | +64.7% | -3.6% | -8.4% |
| FY 2021 | +1.0% | +0.7% | +3.2% | -5.8% | -5.6% | -5.3% | +0.7% | +10.1% | -16.7% | +21.6% | +2.8% | -21.0% |
| FY 2020 | -5.0% | -3.0% | -3.5% | -4.2% | -3.5% | +0.8% | -1.8% | +15.3% | -12.0% | -7.3% | -3.0% | -40.9% |
| FY 2019 | +5.2% | +6.7% | +3.9% | +15.5% | +10464.5% | +11485.9% | +16.3% | -9.0% | -28.2% | -25.1% | -10.1% | -3.5% |
| FY 2018 | +2.8% | +1.3% | +4.5% | +2.8% | -98.9% | -98.8% | -0.6% | +13.5% | -34.0% | +14.2% | -16.2% | -24.2% |
| FY 2017 | -2.5% | -2.4% | -3.8% | -5.4% | -10.5% | -9.9% | +3.9% | +15.9% | +7.2% | +32.8% | +6.7% | +17.7% |
| FY 2016 | +0.2% | +4.3% | +1.4% | +17.5% | +19.6% | +21.0% | +9.7% | +6.6% | +8.8% | -25.2% | +7.3% | +13.0% |
| FY 2015 | +4.3% | +6.9% | -1.4% | +15.2% | +14.4% | +17.3% | +2.4% | +3.8% | +16.0% | +2.3% | +7.9% | +21.6% |
| FY 2014 | -3.0% | -5.7% | +5.9% | -17.6% | -21.3% | -19.8% | -5.8% | -9.9% | +2.9% | +7.8% | +3.8% | +28.6% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $56.65B
Networking$28.30B · 50.0%
Service$15.05B · 26.6%
Security$8.09B · 14.3%
Collaboration$4.15B · 7.3%
Observability$1.05B · 1.9%
Latest geography mixFY 2025 · $56.65B
UNITED STATES$33.66B · 59.4%
Europe Middle East And Africa$14.82B · 26.2%
Asia Pacific Japan And China$8.17B · 14.4%
Product revenue annual
| Period | Total | Infrastructure Platforms | Product | Service | Networking | Secure, Agile Networks | Services | Security | Applications | Collaboration | Switching | Internet for the Future | Next-Generation Network Routing | End-to-End Security | Data Center | Wireless | Other | Observability | Optimized Application Experiences | Service Provider Video | Other Products |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $56.65B | -- | -- | $15.05B | $28.30B | -- | -- | $8.09B | -- | $4.15B | -- | -- | -- | -- | -- | -- | -- | $1.05B | -- | -- | -- |
| FY 2024 | $53.80B | -- | -- | $14.55B | $29.23B | -- | -- | $5.08B | -- | $4.11B | -- | -- | -- | -- | -- | -- | -- | $837.0M | -- | -- | -- |
| FY 2023 | $57.00B | -- | -- | $13.86B | -- | $29.11B | -- | -- | -- | $4.05B | -- | $5.31B | -- | $3.86B | -- | -- | -- | -- | $811.0M | -- | $9.0M |
| FY 2022 | $51.56B | -- | -- | $13.54B | -- | $23.83B | -- | -- | -- | $4.47B | -- | $5.28B | -- | $3.70B | -- | -- | -- | -- | $729.0M | -- | $11.0M |
| FY 2021 | $49.82B | $27.11B | -- | $13.80B | -- | -- | -- | $3.38B | $5.50B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $19.0M |
| FY 2020 | $49.30B | $27.12B | -- | -- | -- | -- | $13.32B | $3.15B | $5.57B | -- | -- | -- | -- | -- | -- | -- | $135.0M | -- | -- | -- | -- |
| FY 2019 | $51.90B | $30.19B | -- | -- | -- | -- | $12.90B | $2.73B | $5.80B | -- | -- | -- | -- | -- | -- | -- | $281.0M | -- | -- | -- | -- |
| FY 2018 | $49.33B | $28.27B | -- | -- | -- | -- | $12.62B | $2.35B | $5.04B | -- | -- | -- | -- | -- | -- | -- | $1.05B | -- | -- | -- | -- |
| FY 2017 | $48.01B | -- | -- | -- | -- | -- | $12.30B | $2.15B | -- | $4.28B | $13.95B | -- | $7.83B | -- | $3.23B | $2.77B | $554.0M | -- | -- | $946.0M | -- |
| FY 2016 | $49.61B | -- | $37.62B | $11.99B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2015 | $49.40B | -- | $37.99B | $11.41B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2014 | $47.42B | -- | $36.45B | $10.97B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Geography revenue annual
| Period | Total | UNITED STATES | Europe Middle East And Africa | Asia Pacific Japan And China |
|---|---|---|---|---|
| FY 2025 | $56.65B | $33.66B | $14.82B | $8.17B |
| FY 2024 | $53.80B | $31.97B | $14.12B | $7.72B |
| FY 2023 | $57.00B | $33.45B | $15.13B | $8.42B |
| FY 2022 | $51.56B | $29.81B | $13.71B | $8.03B |
| FY 2021 | $49.82B | $29.16B | $12.95B | $7.71B |
| FY 2020 | $49.30B | $29.29B | $12.66B | $7.35B |
| FY 2019 | $51.90B | $30.93B | $13.10B | $7.88B |
| FY 2018 | $25.50B | $25.50B | -- | -- |
| FY 2017 | $48.01B | $28.35B | $12.00B | $7.65B |
| FY 2016 | $49.25B | $29.41B | $12.28B | $7.55B |
| FY 2015 | $49.16B | $29.66B | $12.32B | $7.18B |
| FY 2014 | $47.14B | $27.78B | $12.01B | $7.36B |
Transcripts81 on file
Transcripts
Events
Events
Next earnings
2026-08-12EPS est $1.17
Latest news
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