product · May 17, 2026

Cisco Reports Record $15.8 Billion Q3 Revenue Up 12% Year Over Year

Cisco reported third quarter results for the period ended April 25, 2026, with total revenue of $15.8 billion up 12% year over year from $14.15 billion a year earlier. GAAP net income reached $3.4 billion or $0.85 per share up 37% year over year while non-GAAP EPS hit $1.06 up 10% year over year. Product revenue rose 17% and services revenue fell 1% with GAAP gross margin at 63.6% and non-GAAP gross margin at 66.0%. The company exceeded the high end of its guidance on both top and bottom lines. Cisco also announced plans to reduce its overall workforce in Q4 by fewer than 4,000 jobs representing less than 5% of total employees.