NASDAQ$CSCO
Cisco Systems Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Cisco's Q2 2022 earnings were reported, showing revenue growth and strong demand.
Cisco reported strong second-quarter results with a 6% year-over-year increase in revenue, reaching $12.7 billion. GAAP EPS was $0.71, up 18% year over year, and Non-GAAP EPS was $0.84, up 6% year over year. The company saw robust demand across its business and made progress in its business model transformation.
- Revenue reached $12.7 billion, a 6% increase year over year.
- GAAP EPS was $0.71, up 18% year over year, while Non-GAAP EPS was $0.84, up 6% year over year.
- Total Annualized Recurring Revenue (ARR) was $21.9 billion, up 11% year over year.
- The dividend was increased by 3%, and an additional $15 billion was authorized for stock repurchase.
Headline financials
Revenue & EPS history
Cisco · Revenue · Quarterly
$12.7B
Revenue by segment
Cisco · $15.8B total across 5 segments · Q3 2026
- Networking$8.82B—55.7%
- Services$3.72B—23.5%
- Security$2.01B—12.7%
- Collaboration$1.02B—6.5%
- Observability$269M—1.7%
Forward guidance
Cisco provided guidance for Q3 FY 2022, projecting revenue growth between 3% and 5% year over year. Non-GAAP EPS is expected to be between $0.85 and $0.87. For the full fiscal year 2022, revenue is expected to grow between 5.5% and 6.5% year over year, with Non-GAAP EPS between $3.41 and $3.46.
Tailwinds
- Revenue is expected to grow between 3% and 5% year over year.
- Non-GAAP gross margin rate is expected to be between 63.5% and 64.5%.
- Non-GAAP operating margin rate is expected to be between 32.5% and 33.5%.
- Non-GAAP EPS is expected to be between $0.85 and $0.87.
- Full year revenue is expected to grow between 5.5% and 6.5% year over year.
Headwinds
- The third quarter of fiscal 2021 included an extra week.
- GAAP EPS is estimated to be $0.70 to $0.74 for Q3 FY 2022.
- Full year GAAP EPS is estimated to be $2.83 to $2.92.
- Guidance does not include the effects of future acquisitions/divestitures.
- Guidance does not include the effects of asset impairments, restructurings, (gains) and losses on equity investments and significant tax matters or other events.
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 Q2 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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