NASDAQ$CSCO
Cisco Systems Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Cisco reported an 8% increase in revenue to $12.9 billion, with GAAP EPS up 37% to $0.70 and Non-GAAP EPS up 8% to $0.82.
Cisco reported strong Q1 results with revenue of $12.9 billion, up 8% year over year. GAAP EPS was $0.70, up 37% year over year, and Non-GAAP EPS was $0.82, up 8% year over year. The company saw strong demand across the business with total product order growth of 33% year-over-year.
- Revenue increased by 8% year over year to $12.9 billion.
- GAAP EPS increased 37% year over year to $0.70.
- Non-GAAP EPS increased 8% year over year to $0.82.
- Total Annualized Recurring Revenue was $21.6 billion, up 10% year over year.
Headline financials
Revenue & EPS history
Cisco · Revenue · Quarterly
$12.9B
Revenue by segment
Cisco · $11.5B total across 5 segments · Q1 2022
- Networking$5.97B—51.8%
- Services$3.37B+0.9%29.3%
- Collaboration$1.11B—9.6%
- Security$895M+3.9%7.8%
- Observability$181M—1.6%
Forward guidance
Cisco expects revenue to grow between 4.5% and 6.5% year over year, and non-GAAP EPS to be between $0.80 and $0.82 for the second quarter of fiscal 2022. For the full fiscal year 2022, Cisco anticipates revenue growth of 5% to 7% year over year and non-GAAP EPS between $3.38 and $3.45.
Tailwinds
- Revenue growth of 4.5% - 6.5% Y/Y for Q2 FY 2022
- Non-GAAP gross margin rate of 63.5% - 64.5% for Q2 FY 2022
- Non-GAAP operating margin rate of 32.5% - 33.5% for Q2 FY 2022
- Non-GAAP EPS of $0.80 - $0.82 for Q2 FY 2022
- Revenue growth of 5% - 7% Y/Y for FY 2022
Headwinds
- GAAP EPS of $0.64 - $0.68 for Q2 FY 2022
- GAAP gross margin rate of 61.5% - 62.5% for Q2 FY 2022
- GAAP operating margin rate of 26% - 27% for Q2 FY 2022
- Assumes an effective tax provision rate of 18% for GAAP results
- Assumes an effective tax provision rate of 19% for non-GAAP results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.3%
Avg return
30 days after
51%
37 / 72 earnings
Positive
+12.3%
Q3 2013
Best reaction
-17.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.5% | -0.9% | +5.3% | |
| Q2 2026 | -12.3% | -10.2% | -8.4% | |
| Q1 2026 | -2.2% | +4.6% | +5.2% | |
| Q4 2025 | +0.3% | -5.2% | -5.5% | |
| Q3 2025 | +4.8% | +3.5% | +4.6% | |
| Q2 2025 | +2.1% | +3.3% | -3.2% | |
| Q1 2025 | -1.3% | -2.4% | -0.2% | |
| Q4 2024 | +7.0% | +10.2% | +9.8% | |
| Q3 2024 | -1.2% | -3.7% | -6.7% | |
| Q2 2024 | -1.2% | -2.4% | -1.4% | |
| Q1 2024 | -9.6% | -9.2% | -6.2% | |
| Q4 2023 | +2.6% | +3.9% | +5.0% | |
| Q3 2023 | +2.7% | +4.0% | +11.0% | |
| Q2 2023 | +6.9% | +6.4% | +5.2% | |
| Q1 2023 | +3.8% | +6.1% | +6.5% | |
| Q4 2022 | +5.6% | +2.0% | -7.4% | |
| Q3 2022 | -17.5% | -14.3% | -14.2% | |
| Q2 2022 | +2.8% | +5.4% | +3.1% | |
| Q1 2022 | -5.9% | -4.2% | +6.1% | |
| Q4 2021 | +2.2% | +4.5% | +1.5% | |
| Q3 2021 | -0.2% | +0.9% | -1.6% | |
| Q2 2021 | -3.5% | -3.4% | -0.3% | |
| Q1 2021 | +5.3% | +6.5% | +12.7% | |
| Q4 2020 | -9.5% | -10.8% | -15.5% | |
| Q3 2020 | +1.5% | +4.3% | +4.3% | |
| Q2 2020 | -3.7% | -4.4% | -23.4% | |
| Q1 2020 | -7.2% | -6.7% | -6.3% | |
| Q4 2019 | -12.3% | -8.0% | -5.1% | |
| Q3 2019 | +7.5% | +7.7% | +5.2% | |
| Q2 2019 | +1.1% | +3.2% | +11.1% | |
| Q1 2019 | +3.7% | +1.4% | +1.6% | |
| Q4 2018 | +2.6% | +5.0% | +7.7% | |
| Q3 2018 | -4.4% | -3.8% | -2.7% | |
| Q2 2018 | +6.9% | +7.5% | +9.2% | |
| Q1 2018 | +5.4% | +7.2% | +12.2% | |
| Q4 2017 | -3.3% | -4.4% | +1.1% | |
| Q3 2017 | -8.5% | -7.9% | -7.8% | |
| Q2 2017 | +4.0% | +4.4% | +5.9% | |
| Q1 2017 | -5.2% | -5.2% | -3.5% | |
| Q4 2016 | -2.1% | -1.6% | -0.9% | |
| Q3 2016 | +3.5% | — | — | |
| Q2 2016 | +9.0% | — | — | |
| Q1 2016 | -5.8% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -0.6% | — | — | |
| Q2 2015 | +7.2% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -2.4% | — | — | |
| Q3 2014 | +5.8% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | -9.9% | — | — | |
| Q4 2013 | -7.0% | — | — | |
| Q3 2013 | +12.3% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +4.7% | — | — | |
| Q4 2012 | +10.8% | — | — | |
| Q3 2012 | -10.2% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | -1.2% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2010 | +1.5% | — | — | |
| Q3 2009 | +1.5% | — | — | |
| Q2 2009 | +1.2% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2010 | -1.7% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q1 2009 | -1.7% | — | — |
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