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.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disclose Cisco Systems' financial results for its fourth fiscal quarter and its full fiscal year 2025, which ended on July 26, 2025. It furnishes a press release containing these results.
Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) measures. Cisco presents them, alongside GAAP results, to provide investors and management with a view of operational performance and business trends that exclude costs such as share-based compensation, acquisition-related expenses, and other non-recurring or non-operational items. Cisco believes these measures offer useful insights into the ongoing results of its business.
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. Income tax effects of these excluded items and significant tax matters are also adjusted.
Yes, the accompanying press release (Exhibit 99.1) includes future estimated ranges for gross margin, operating margin, tax provision rate, and EPS on a non-GAAP basis, which represent forward-looking guidance.