8-KEarnings & ResultsFinancial EventsExhibits & Filings

CISCO SYSTEMS, INC. 8-K Report, Financial Results (May 13, 2026)

Filed May 13, 2026For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing its financial results for the fiscal third quarter ended April 25, 2026, and announcing a significant restructuring plan. The company reported its operational results, including various non-GAAP financial measures which are presented in conjunction with GAAP measures to provide additional insights into financial and business trends. These non-GAAP measures exclude items such as share-based compensation, acquisition-related costs, and other significant one-time items, aiming to reflect ongoing operational performance. In addition to the quarterly results, Cisco announced a restructuring initiative designed to accelerate investments in key growth areas including silicon, optics, security, and artificial intelligence (AI). This plan is expected to incur pre-tax charges of up to $1 billion, primarily cash-based, related to severance and other termination benefits. The charges are anticipated to be recognized with approximately $450 million in the fourth quarter of fiscal 2026 and the remainder in fiscal 2027. Investors should note that these are forward-looking statements subject to risks and uncertainties, and actual results may differ.

Key Highlights

  • 1Cisco reported fiscal third quarter 2026 results on May 13, 2026.
  • 2The report includes both GAAP and non-GAAP financial measures, with detailed explanations of excluded items.
  • 3Cisco announced a restructuring plan focused on investing in growth areas like silicon, optics, security, and AI.
  • 4The restructuring is expected to result in pre-tax charges of up to $1 billion.
  • 5Approximately $450 million of restructuring charges are anticipated in Q4 fiscal 2026, with the rest in fiscal 2027.
  • 6The charges are primarily cash-based and consist of severance and other one-time termination benefits.
  • 7Forward-looking statements regarding the restructuring are subject to risks and potential material differences from actual results.

Frequently Asked Questions

The 8-K filing primarily announces Cisco's fiscal Q3 2026 results and a restructuring plan. While specific GAAP or non-GAAP financial figures for Q3 are not detailed within this 8-K text itself, it states that a press release (Exhibit 99.1) containing these results is furnished. Investors should refer to Exhibit 99.1 for the detailed financial performance figures for the quarter.

Cisco announced a restructuring plan to enhance its investments in key growth opportunities such as silicon, optics, security, and artificial intelligence (AI). This initiative aims to reallocate resources and position the company for future expansion in these strategic areas.

Cisco estimates that the restructuring plan will incur pre-tax charges of up to $1 billion. These charges are primarily cash-based and consist of severance and other one-time termination benefits, along with other associated costs. The company expects to recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026, with the remaining amount to be recognized during fiscal year 2027.

Cisco presents non-GAAP measures alongside GAAP measures to provide investors with additional insights into the company's financial and business trends. These non-GAAP measures exclude items like share-based compensation, amortization of acquisition-related intangible assets, acquisition-related costs, and significant one-time events, which management believes are not reflective of ongoing operating results. The company emphasizes that these non-GAAP measures should be used in conjunction with, not as an alternative to, GAAP measures.