Short answer
Cisco (CSCO) filed its Q1 2026 10-Q quarterly report on Feb 17, 2026 for the quarter ended Jan 24, 2026. Quarterly revenue was $15.3B (up 9.7% year over year) with net income of $3.2B.
Q1 2026 key financials · XBRL
- Revenue
- $15.3B
- +9.7% YoY · +3.1% QoQ
- Net income
- $3.2B
- +30.8% YoY · +11.0% QoQ
- Operating margin
- 24.6%
- Gross margin
- 65.0%
- EPS (diluted)
- $0.79
- +31.7% YoY · +9.7% QoQ
Source: XBRL data from the Cisco (CSCO) Q1 2026 10-Q on SEC EDGAR. USD.
Cisco Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $15.3B, up 10% YoY; product revenue up 14%, services down 1% in Q2 FY26 vs Q2 FY25
- Operating margin 24.6% vs 22.3% YoY; gross margin stable at 65.0% vs 65.1% YoY
- Best segment: Networking up 21% to $8.3B; worst: Security down 4% to $2.0B in Q2 FY26
- Cash and equivalents $15.8B, down $0.3B compared to July 2025; operating cash flow $5.0B for 6 months ending Q2
- Management anticipates continued AI infrastructure momentum, supply chain risks, and stable subscription trends; expects ongoing investments and competition pressures
Risk Factors
- Supply chain risk materially updated: memory component constraints and increased purchase commitments in fiscal 2025 and H1 fiscal 2026 impacting gross margins
- AI-related legal and regulatory risk newly emphasized due to evolving laws (e.g., EU legislation) and ongoing AI product development costs and uncertainties
- Legal risk: $24.8B senior unsecured notes maturing 2026-2064, with $5.5B commercial paper outstanding as of Jan 2026 raise debt maintenance concerns
- Market risk: volatility in service provider/cloud orders, with large, sporadic purchases impacting near-term revenue and longer implementation cycles
- Financial risk: exposure to foreign currency fluctuations and credit risks amid challenging global conditions could materially harm financial results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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