Cisco Q2 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
- Oct 26, 2025 – Jan 24, 2026
- Reported
- Feb 17, 2026
Revenue$15.35B
+10% year over year
Gross profit$9.97B
65% margin
Operating profit$3.78B
25% margin
Net profit$3.18B
21% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 15.35 | 100% | +10% |
| Networking | 8.29 | 54% | +21% |
| Services | 3.71 | 24% | −1% |
| Security | 2.02 | 13% | −4% |
| Collaboration | 1.05 | 7% | +6% |
| Observability | 0.28 | 2% | +0% |
| Cost of revenue | −5.38 | 35% | |
| Gross profit | 9.97 | 65% margin | +0pp |
| R&D | −2.36 | 15% | −1pp |
| Sales & marketing | −2.88 | 19% | +0pp |
| G&A | −0.69 | 4% | −1pp |
| Other | −0.27 | 2% | +0pp |
| Operating profit | 3.78 | 25% margin | +2pp |
| Interest & other costs | −0.14 | ||
| Tax | −0.47 | ||
| Net profit | 3.18 | 21% margin | +3pp |
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