Cisco Systems, Inc. reported a strong financial performance for the fiscal year ending July 25, 2026, with total revenue reaching $63.3 billion, a 12% increase from $56.7 billion in the previous fiscal year. Product revenue was a significant contributor, rising 16% to $48.3 billion, while services revenue remained flat at $15.0 billion. The company’s net income also saw a substantial increase of 30%, totaling $13.3 billion compared to $10.2 billion in fiscal 2025. This growth translated to diluted earnings per share of $3.33, up from $2.55 in the prior year.
The fiscal year was marked by notable strategic developments, including a focus on artificial intelligence (AI) infrastructure, which accounted for approximately 6% of total revenue, a significant rise from less than 2% in the previous year. Cisco's investments in AI and related technologies are expected to continue driving demand and revenue growth in the upcoming fiscal year. The company also completed several acquisitions, including a notable transaction involving Splunk, which is anticipated to enhance its cybersecurity and observability capabilities.
Operationally, Cisco reported a total employee headcount of approximately 82,400 as of July 25, 2026, with a global sales and marketing workforce of about 25,400. The company experienced revenue growth across all geographic segments, with the Americas contributing $37.8 billion, EMEA $16.6 billion, and APJC $8.9 billion. The Networking product category led the growth with a 22% increase, driven by demand for AI infrastructure and campus networking solutions.
Despite the positive financial results, Cisco faced challenges, including a slight decrease in gross margin, which fell to 64.5% from 64.9% in the previous year. This decline was attributed to product mix changes and higher memory costs, although productivity improvements and pricing actions provided some offset. The company remains committed to managing its supply chain effectively, particularly in light of increased inventory levels and purchase commitments, which rose significantly to $17.2 billion from $7.6 billion in fiscal 2025.
Looking ahead, Cisco anticipates continued demand for its AI infrastructure solutions and plans to invest in key growth areas, including silicon, optics, security, and AI. The company expects to navigate the competitive landscape while focusing on innovation and customer needs, positioning itself for sustained growth in the evolving technology market.
About CISCO SYSTEMS, INC.
Cisco Systems, Inc. designs and sells networking, security, collaboration, and observability technologies globally. Its product portfolio includes hardware, software, and cloud-managed solutions for enterprises, public sector, and service providers. Cisco integrates AI and advanced security into its offerings, providing end-to-end infrastructure and lifecycle services. The company operates through direct and channel sales, delivering scalable, secure, and intelligent IT solutions that enable digital transformation and resilient connectivity.
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