Cisco Q1 FY26: where the revenue came from and where it went
The whole income statement of Cisco for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 27 – Oct 25, 2025
- Reported
- Nov 18, 2025
Revenue$14.88B
+8% year over year
Gross profit$9.75B
65% margin
Operating profit$3.36B
23% margin
Net profit$2.86B
19% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 14.88 | 100% | +8% |
| Networking | 7.77 | 52% | |
| Services | 3.81 | 26% | |
| Security | 1.98 | 13% | |
| Collaboration | 1.06 | 7% | |
| Observability | 0.27 | 2% | |
| Cost of revenue | −5.14 | 35% | |
| Gross profit | 9.75 | 65% margin | +0pp |
| R&D | −2.40 | 16% | +0pp |
| Sales & marketing | −2.87 | 19% | −1pp |
| G&A | −0.73 | 5% | −1pp |
| Other | −0.38 | 3% | +0pp |
| Operating profit | 3.36 | 23% margin | +6pp |
| Tax | −0.50 | ||
| Net profit | 2.86 | 19% margin | +0pp |
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