Short answer
Cisco (CSCO) filed its Q2 2026 10-Q quarterly report on May 19, 2026 for the quarter ended Apr 25, 2026. Quarterly revenue was $15.8B (up 12.0% year over year) with net income of $3.4B.
Q2 2026 key financials · XBRL
- Revenue
- $15.8B
- +12.0% YoY · +3.2% QoQ
- Net income
- $3.4B
- +35.4% YoY · +6.2% QoQ
- Operating margin
- 25.0%
- Gross margin
- 63.6%
- EPS (diluted)
- $0.85
- +34.9% YoY · +7.6% QoQ
Source: XBRL data from the Cisco (CSCO) Q2 2026 10-Q on SEC EDGAR. USD.
Cisco Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $15.841B, up 12% YoY from $14.149B
- Operating margin 25.0% vs 22.6%; net margin 21.3% vs 17.6% YoY
- Best product category Networking, up 25%; weakest Collaboration, down 1%
- Product gross margin down 2.5 points from product mix and higher memory costs
- Product revenue up 17%; services revenue down 1%; total subscription revenue down 2%
- Management cited memory constraints, higher costs, and trade policy as headwinds
Risk Factors
- New supply-chain risk triggered by memory constraints in the first nine months of fiscal 2026, increasing component costs and purchase commitments
- Most materially updated risk: additional fiscal 2025 and fiscal 2026 commitments for Cisco Silicon One and memory, increasing excess-inventory exposure
- Legal risk: August 26, 2025 supplier dispute settlement produced a fiscal 2025 product cost-of-sales charge
- Near-term market risk: volatile service-provider and cloud orders, including large sporadic purchases and customer concentration
- Financial risk: higher supply-chain commitments could reduce gross margins through excess or obsolete inventory charges
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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