Cisco

Communication Equipment • Technology • San Jose, CA, United States • CSCO (NMS)

Quarter: Q2 2025 Reported: May 14, 2025 Sentiment: Neutral

Cisco Systems, Inc. designs, develops, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company offers data center switching; network security, identity and access management, and secure access service edge; threat intelligence, detection, and response 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, monitoring and analytics, and observability suite; 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 delivers connectivity to campus, data center, and branch networks; wireless products, including indoor and outdoor wireless 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, transition collaboration solutions from on-premise to the cloud; and network assurance, monitoring and analytics, and observability suite. In addition, it offers technical support and advisory services. The company serves businesses, public institutions, governments, and service providers. It sells its products and services directly, through systems integrators, service providers, resellers, and distributors. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.

Analysis Summary

This Form 8-K filing from Cisco Systems, Inc. on May 14, 2025, serves as the official notification of the release of its fiscal third quarter 2025 financial results, which concluded on April 26, 2025. The actual financial figures, detailed performance breakdown, strategic initiatives, management commentary, and forward guidance are explicitly stated to be contained within the accompanying press release, Exhibit 99.1, which is not part of this provided transcript.

The primary content of this 8-K focuses on the company's approach to financial reporting, particularly the use and justification of non-GAAP financial measures. Cisco outlines various items it excludes from its non-GAAP calculations, including share-based compensation expense, amortization of acquisition-related intangible assets, acquisition/divestiture costs, significant asset impairments and restructurings, significant litigation settlements, Russia-Ukraine war costs, gains and losses on investments, and significant tax matters. The company asserts that these exclusions provide a clearer view of ongoing business and operating results for both management and investors.

Without Exhibit 99.1, specific financial performance details such as revenue, net income, EPS, segment performance, or forward-looking guidance cannot be analyzed from this document. Therefore, competitive positioning, market trends, specific risk factors, and analyst Q&A highlights are not present in this filing.

Key Highlights

• Cisco reported its fiscal Q3 2025 results on May 14, 2025.
• Detailed financial results are contained in the press release (Exhibit 99.1), not in this 8-K filing.
• The Form 8-K extensively explains Cisco's use of non-GAAP financial measures.
• Non-GAAP adjustments include share-based compensation, acquisition-related costs, and significant asset impairments.
• Cisco believes non-GAAP measures provide useful information on ongoing business trends.

Financial Metrics

eps

Not provided in this document

YoY: N/A

revenue

Not provided in this document N/A

YoY: N/A

guidance

net income

Not provided in this document N/A

YoY: N/A

Stock Performance (90 Days)

Data through Dec 26, 2025

Layoff Events

Earnings Calls

Positive Signals

• N/A - No specific indicators provided in this document, as financial results are in Exhibit 99.1.

Risks & Concerns

— N/A - Specific risk factors from the earnings call are not detailed in this Form 8-K.
— The document generally mentions potential for 'significant asset impairments and restructurings' and 'significant litigation settlements' as items excluded from non-GAAP, implying these are potential areas of volatility, but not specific risks from the call.