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CSCO · NasdaqGS

Cisco Systems

Communication Equipment · United States

USD 109.51-0.7% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$431.75B
Trailing P/E
32.89x
Forward P/E
19.55x
Quarterly revenue growth
17.6%
Trailing net margin
21.0%
Indicated dividend yield
1.5%

Snapshot 2026-09-20 · Latest financial period 2026-07-25 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-12 (provider estimate, not issuer-confirmed).

Company background

Cisco Systems, Inc. designs, develops, and sells technologies to power, help, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company provides data center switching; network security, identity and access management, and secure access service edge; identity and agentic security solutions; interconnects public and private wireline and mobile networks, delivering connectivity to campus, data center, and branch networks; WEBEX suite, collaboration devices, and contact center; communication platform as a service software, including perpetual licenses, subscription arrangements, and hardware solutions; network assurance and observability suite; accelerated issue resolution, software support, and hardware replacement; professional services, such as planning, design, implementation, and high-value consulting; service and support packages, financing, and managed network services; and regional, national, and international wireline carriers, webscale products, internet, and cable. It also provides wireless products, including indoor and outdoor coverage designed for seamless roaming use of voice, video, and data applications; end-to-end collaboration solutions through cloud, on-premise, or within hybrid cloud environments. In addition, it offers technical support services. The company serves businesses, public institutions, governments, and service providers. It sells its products and services directly, through systems integrators, service providers, and other thirdy-party resellers, and distributors. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.

Company website

Q3 FY2026

Go beyond the headline.

CSCO Stock: Margins Hit 66% — Q3 FY2026 Earnings Analysis

Published 2026-05-13

Comparable businesses

CSCO peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricCSCOCisco Systems, Inc.Snapshot 2026-09-20Financial period: 2026-07-25HPEHewlett Packard Enterprise CompanySnapshot 2026-09-20Financial period: 2026-07-31MSIMotorola Solutions, Inc.Snapshot 2026-09-20Financial period: 2026-07-04
Market capMarket value, converted to USDUS$431.75BUS$80.66BUS$75.91B
Forward P/EProvider forward earnings estimate19.55x13.22x23.70x
EV / EBITDAEnterprise value / trailing EBITDA23.98x13.76x22.57x
Revenue growthLatest quarter vs prior-year quarter17.6%33.7%13.3%
Operating marginLatest reported quarter27.7%12.6%27.4%
Free cash flow yieldTrailing cash flow / market cap2.6%5.9%2.6%
Net debt / EBITDANet debt / trailing EBITDA0.82x2.05x2.37x
Debt / equityTotal debt / positive book equity0.62x0.76x3.58x
Trailing P/ETrailing twelve-month earnings32.89x31.32x36.09x
Price / bookPrice / positive book equity per share8.59x3.04x28.41x
EV / salesEnterprise value / trailing revenue7.06x2.27x6.93x
Earnings growthLatest quarter vs prior-year quarter52.1%410.2%9.5%
Gross marginTrailing twelve months64.5%36.6%52.1%
Net marginTrailing twelve months21.0%6.7%17.4%
Return on equityProvider trailing return; positive equity only27.3%10.9%91.6%
Free cash flow marginTrailing free cash flow / revenue17.7%11.3%16.2%
Dividend yieldIndicated annual dividend / price1.5%0.9%1.1%
Earnings payoutProvider trailing dividend payout49.9%28.7%37.2%
Current ratioCurrent assets / current liabilities0.93x1.11x1.10x
BetaProvider historical market sensitivity0.991.440.88

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for CSCO

All available reporting periods
Q3 FY20262026-05-13
Q1 20262026-04-09

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.