NASDAQ$CSCO
Cisco Systems Inc · Q3 2026 earnings
Q3 2026 earnings · · After market close · Investor relations
Briefing
Cisco Systems Inc reported strong revenue growth and profitability for the third quarter of fiscal 2026.
Total revenue increased 12% year-over-year to $15.8 billion, driven by 17% product revenue growth led by Networking. Operating income rose 24% to $4.0 billion with operating margin expanding 2.4 percentage points to 25.0%. Net income grew 35% to $3.4 billion, resulting in diluted EPS of $0.85.
- Revenue grew 12% to $15.8 billion with Networking up 25% on AI Infrastructure and Campus demand.
- Product gross margin declined 2.5 points to 61.9% due to mix and higher memory costs.
- Operating expenses as a percent of revenue fell 3.8 points, expanding operating margin to 25.0%.
- Remaining performance obligations stood at $43.5 billion with deferred revenue at $28.6 billion.
Headline financials
Revenue & EPS history
Cisco · Revenue · Quarterly
$15.8B
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 expects continued demand for AI infrastructure and networking solutions while managing supply chain and competitive pressures.
Tailwinds
- Strong backlog and RPO of $43.5 billion provide visibility.
- Leadership in AI networking and security positions company for growth.
Headwinds
- Gross margin pressure from product mix and memory costs.
- Intense competition and potential tariff impacts on supply chain.
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 Q3 2026
-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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