What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce and provide access to Cisco's financial results for its fiscal second quarter ended January 25, 2025. It includes a press release (Exhibit 99.1) containing the detailed financial performance and forward-looking estimates.

What types of financial measures does Cisco provide in its earnings report?

Cisco provides both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. The non-GAAP measures are used to present financial and business trends relating to its financial condition and historical and projected results of operations, by excluding certain items that management believes are not reflective of ongoing operational performance.

What specific items does Cisco exclude when calculating its non-GAAP financial measures?

Cisco commonly excludes items such as share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related/divestiture costs, significant asset impairments and restructurings, significant litigation settlements and other contingencies, Russia-Ukraine war costs, and gains and losses on investments. The tax effects of these exclusions are also accounted for.

CSCO 8-K: Earnings & Results

Q: Where can investors find the detailed financial results and forward-looking guidance?

The detailed financial results, including non-GAAP net income, margins, and earnings per share, as well as future estimated ranges for key financial metrics, are provided in the press release furnished as Exhibit 99.1 to this 8-K filing.

Summary

Cisco Systems, Inc. (CSCO) has filed an 8-K report on February 12, 2025, to announce its financial results for the fiscal second quarter ended January 25, 2025. The report primarily furnishes a press release detailing these results, which includes both GAAP and non-GAAP financial metrics. Investors should note that Cisco utilizes non-GAAP measures to provide a clearer view of its ongoing operational performance by excluding items such as share-based compensation, acquisition-related costs, amortization of intangibles, and gains/losses on investments. Management uses these non-GAAP figures for internal budgeting and performance review. The company indicates that these non-GAAP measures are presented to offer useful insights into financial and business trends when viewed alongside GAAP measures, although they are not a substitute for GAAP reporting. The press release, incorporated by reference, contains the specific financial performance data for the quarter and forward-looking estimates. While the 8-K itself doesn't provide the detailed numbers, it directs investors to Exhibit 99.1 for this crucial information, including non-GAAP net income, gross margins, operating expenses, and earnings per share, as well as future estimated ranges for key financial metrics. Investors are advised to review the full press release for a comprehensive understanding of Cisco's financial condition and operating results for the second fiscal quarter of 2025.

Key Highlights

1Cisco Systems reported its fiscal second quarter 2025 financial results on February 12, 2025.
2The 8-K filing includes a press release (Exhibit 99.1) with detailed financial results.
3Cisco is providing both GAAP and non-GAAP financial measures for the quarter.
4Non-GAAP measures exclude items such as share-based compensation, acquisition-related costs, and amortization of intangibles.
5Management uses non-GAAP figures for internal budgeting and to assess ongoing operational performance.
6The report indicates that non-GAAP measures are intended to provide useful insights when considered with GAAP results.
7Future estimated ranges for gross margin, operating margin, tax rate, and EPS on a non-GAAP basis are included in the press release.

CISCO SYSTEMS, INC. 8-K Report, Financial Results (Feb 12, 2025)

Summary

Key Highlights

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