Summary
Cisco Systems, Inc. (CSCO) has filed an 8-K report to disclose its financial results for the fourth quarter and full fiscal year 2025, ending July 26, 2025. The report primarily furnishes a press release detailing these results, with a significant emphasis on non-GAAP financial measures. Investors should note that Cisco uses these non-GAAP figures to provide a view of operational performance excluding certain items such as share-based compensation, acquisition-related costs, and gains/losses on investments. While Cisco believes these non-GAAP measures offer valuable insights into business trends when viewed alongside GAAP results, they are not a substitute for GAAP and may differ from similar measures used by other companies.
Key Highlights
- 1Cisco Systems reported its Q4 and full FY2025 results on August 13, 2025.
- 2The filing includes a press release (Exhibit 99.1) containing detailed financial results.
- 3Emphasis is placed on non-GAAP financial measures, including net income, margins, and EPS.
- 4Key exclusions from non-GAAP measures include share-based compensation, amortization of acquisition-related intangibles, and acquisition/divestiture costs.
- 5The company also excludes significant asset impairments, restructurings, litigation settlements, Russia-Ukraine war costs, and gains/losses on investments from non-GAAP calculations.
- 6Future estimates for gross margin, operating margin, tax provision rate, and EPS on a non-GAAP basis are provided in the accompanying press release.
- 7Cisco management uses these non-GAAP measures for internal budgeting and reviewing financial results alongside GAAP figures.