Full Year
CSCO — FY2026 (Year Ended July 2026) Financial Report Analysis
Cisco grew FY2026 revenue 12% to $63.3bn and GAAP EPS 31% to $3.33, but essentially all of it came from AI-infrastructure-led Networking (+22%) while Security (+2%), subscriptions (+1%) and services (flat) stalled — and product mix cost 3.6 points of product gross margin.