Filing Flows › Cisco Systems (CSCO) › Q4 FY26
Cisco Systems (CSCO) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Sep 2, 2026
Cisco Systems (CSCO) reported revenue of $17.3B for the fourth quarter fiscal 2026 (Q4 FY26), +18% from a year earlier and +9% from the quarter before. Operating margin was 24.7%, net earnings $3.9B (22.4% of revenue).
Cisco Systems, Q4 FY26: revenue $17.3B (+18% year over year), operating margin 24.7%, net earnings $3.9B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.3B | +9% | +18% |
| Gross profit | $11.1B | +10% | +19% |
| Operating profit | $4.3B | +8% | +38% |
| Net earnings | $3.9B | +14% | +51% |
| Operating cash flow | $5.4B | +43% | +27% |
| Free cash flow | $5.0B | +49% | +24% |
What changed
Revenue was $17.3B in Q4 FY26, up 18% year over year and up 9% from the previous quarter. Networking was the largest line at 57% of revenue.
Gross margin was 64.1%, up 0.9 points from Q4 FY25. Operating profit was $4.3B, a 24.7% margin (up 3.7 points year over year). Of the extra revenue versus Q4 FY25, 46% reached operating profit, above the 21% margin then. Operating expenses grew 10% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+155%). Net earnings were $3.9B, up 51% year over year. The effective tax rate was 21.8%.
Operating cash flow was $5.4B (up 27% year over year), 140% of net earnings. Non-cash charges added back $0.93B of share-based compensation. Working capital and other items added $0.60B. Capital expenditures of $0.39B left free cash flow of $5.0B.
Questions
What was Cisco Systems' revenue in the fourth quarter fiscal 2026?
Cisco Systems (CSCO) reported revenue of $17.3B for the fourth quarter fiscal 2026 (Q4 FY26), +18% from a year earlier and +9% from the quarter before.
Was Cisco Systems profitable in the fourth quarter fiscal 2026?
Operating profit was $4.3B (24.7% of revenue) and net earnings $3.9B.
Source: Cisco Systems 10-K on SEC EDGAR.