Cisco

CSCO · Information Technology · Market cap $445B

Q3 FY26 Apr 25, 2026 reported May 19, 2026

Revenue$15.8B +12% year over year

Gross profit$10.1B

Operating profit$4B

Net profit$3.4B 21% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Apr 25, 2026).
Item	Value	Share of revenue	Year over year
Revenue	15.8	100%	+12%
Networking	8.8	56%	+25%
Service	3.7	23%	−1%
Security	2	13%	+0%
Collaboration	1	6%	−1%
Observability	0.3	2%	+3%
Cost of revenue	−5.8	37%
Gross profit	10.1	64% margin	−2pp
Research & development	−2.4	15%	−1pp
Sales & marketing	−2.8	18%	−1pp
G&A	−0.7	4%	−1pp
Other	−0.2	1%	+0pp
Operating profit	4	25% margin	+2pp
Tax	−0.7
Net profit	3.4	21%	+4pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jan 24, 2026).
Item	Value	Share of revenue	Year over year
Revenue	15.3	100%	+10%
Networking	8.3	54%	+21%
Service	3.7	24%	−1%
Security	2	13%	−4%
Collaboration	1.1	7%	+6%
Observability	0.3	2%	+0%
Cost of revenue	−5.4	35%
Gross profit	10	65% margin	+0pp
Research & development	−2.4	15%	−1pp
Sales & marketing	−2.9	19%	+0pp
G&A	−0.7	4%	−1pp
Other	−0.3	2%	+0pp
Operating profit	3.8	25% margin	+2pp
Tax	−0.5
Interest & other costs	−0.1
Net profit	3.2	21%	+3pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 25, 2025).
Item	Value	Share of revenue	Year over year
Revenue	14.9	100%	+8%
Networking	7.8	52%
Service	3.8	26%	+2%
Security	2	13%	−2%
Collaboration	1.1	7%
Observability	0.3	2%	+6%
Cost of revenue	−5.1	34%
Gross profit	9.7	65% margin	+0pp
Research & development	−2.4	16%	+0pp
Sales & marketing	−2.9	19%	−1pp
G&A	−0.7	5%	−1pp
Other	−0.4	3%	+0pp
Operating profit	3.4	23% margin	+6pp
Tax	−0.5
Net profit	2.9	19%	+0pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jul 26, 2025).
Item	Value	Share of revenue	Year over year
Revenue	14.7	100%	+8%
Networking	7.6	52%	+12%
Service	3.8	26%	+0%
Security	2	14%	+9%
Collaboration	1	7%	+2%
Observability	0.3	2%	+4%
Cost of revenue	−5.4	37%
Gross profit	9.3	63% margin	−1pp
Research & development	−2.4	16%	+0pp
Sales & marketing	−2.8	19%	−2pp
G&A	−0.7	5%	−1pp
Other	−0.3	2%	+0pp
Operating profit	3.1	21% margin	+2pp
Tax	−0.4
Interest & other costs	−0.1
Net profit	2.6	17%	+2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Apr 25, 2026	May 19, 2026	$15.8B	+12%	25%	$3.4B	21%
Q2 FY26	Oct 26, 2025 – Jan 24, 2026	Feb 17, 2026	$15.3B	+10%	25%	$3.2B	21%
Q1 FY26	Jul 27 – Oct 25, 2025	Nov 18, 2025	$14.9B	+8%	23%	$2.9B	19%
Q4 FY25	Apr 27 – Jul 26, 2025	Sep 3, 2025	$14.7B	+8%	21%	$2.6B	17%