Cisco Systems generated $63,325 million in fiscal 2026 revenue, a 12% increase, while Net Income reached $13,267 million. Product Revenue grew 16%, services revenue was flat, and the company carried $23.0 billion in senior unsecured notes, giving investors both stronger annual results and significant disclosed Debt exposure.

Key Highlights

  • Basic earnings per share were $3.36, while Diluted Earnings per Share reached $3.33.
  • Product revenue increased 16% during fiscal 2026, while services revenue was flat.
  • Cisco Systems had $23.0 billion in senior unsecured notes outstanding and $6.7 billion in Commercial Paper notes.

Cisco Systems, Inc. (NASDAQ: CSCO) produced $63,325 million in revenue for fiscal 2026, an increase of 12%, while net income reached $13,267 million. The fiscal year ended July 25, 2026. Basic Earnings Per Share were $3.36 and diluted earnings per share were $3.33. Product revenue increased 16%, while services revenue was flat.

Cisco Systems Fiscal 2026 Numbers

Revenue rose to $63,325 million from $56,654 million in the preceding fiscal year. Gross Margin was 64.5%, compared with 64.9% in the prior fiscal year. Research and Development expense reached $9,563 million, up 3%, while sales and Marketing expense was $11,559 million, an increase of 5%. Diluted earnings per share increased to $3.33 from $2.55. Basic earnings per share rose to $3.36 from $2.56.

Product and Services Revenue

Product revenue increased 16% during fiscal 2026, compared with flat services revenue. Research and development expense increased 3% to $9,563 million.

Debt and Commercial Paper

It also maintained a commercial paper program permitting up to $15.0 billion of notes outstanding at any time. Commercial paper notes outstanding totaled $6.7 billion.

Disclosed Operational Risks

The company also identified terrorism, war, economic sanctions, trade restrictions and other disruptions as potential sources of harm. Changes by a rating agency to Cisco Systems’ Credit rating could negatively affect the value of its debt.