Cisco | 10-Q: Q2 2026 Earnings Report

Cisco reported robust Q2 fiscal 2026 results with revenue increasing 10% to $15.3 billion, driven by 14% growth in product revenue to $11.6 billion. Networking revenue surged 21% to $8.3 billion, particularly strong in AI Infrastructure and Campus Networking solutions. Services revenue declined slightly by 1% to $3.7 billion.Operating income rose 21% to $3.8 billion, with operating margin expanding to 24.6% from 22.3% year-over-year. The improvement was primarily attributed to revenue growth and lower amortization of purchased intangible assets. Net income jumped 31% to $3.2 billion, while diluted earnings per share increased 31% to $0.80.Geographically, Americas revenue grew 8% to $8.8 billion, EMEA increased 15% to $4.4 billion, and APJC rose 8% to $2.1 billion. The company maintained its quarterly dividend at $0.41 per share and had $10.8 billion remaining in its share repurchase program. Inventory increased 24% to $3.9 billion, primarily due to commitments for Cisco Silicon One and memory components.

Cisco reported robust Q2 fiscal 2026 results with revenue increasing 10% to $15.3 billion, driven by 14% growth in product revenue to $11.6 billion. Networking revenue surged 21% to $8.3 billion, particularly strong in AI Infrastructure and Campus Networking solutions. Services revenue declined slightly by 1% to $3.7 billion.Operating income rose 21% to $3.8 billion, with operating margin expanding to 24.6% from 22.3% year-over-year. The improvement was primarily attributed to revenue growth and lower amortization of purchased intangible assets. Net income jumped 31% to $3.2 billion, while diluted earnings per share increased 31% to $0.80.Geographically, Americas revenue grew 8% to $8.8 billion, EMEA increased 15% to $4.4 billion, and APJC rose 8% to $2.1 billion. The company maintained its quarterly dividend at $0.41 per share and had $10.8 billion remaining in its share repurchase program. Inventory increased 24% to $3.9 billion, primarily due to commitments for Cisco Silicon One and memory components.