CSCO SEC Filings

Cisco Systems, Inc. (CSCO) reported robust financial results for the second quarter and first six months of fiscal year 2026, demonstrating strong top-line growth and improved profitability. Total revenue saw a significant increase of 10% year-over-year for the quarter and 9% for the six-month period, primarily driven by a 14% and 12% surge in product revenue, respectively. This growth was predominantly fueled by the Networking segment, especially AI Infrastructure and Campus Networking solutions, which experienced substantial double-digit increases. The company also saw an expansion in operating income as a percentage of revenue, rising by 2.3 and 3.9 percentage points for the quarter and six months, respectively. This improvement was attributed to revenue growth, enhanced operating leverage, and a reduction in certain expenses such as amortization of purchased intangible assets and restructuring charges. Diluted Earnings Per Share (EPS) also saw a healthy increase of 31% for the quarter and 18% for the six-month period, reflecting the company's improved financial performance.

Cisco Systems, Inc. (CSCO) has filed an 8-K report on February 11, 2026, announcing its financial results for the fiscal second quarter 2026, which ended on January 24, 2026. The filing includes a press release detailing these results, which provides both GAAP and non-GAAP financial metrics. Investors should note that Cisco's non-GAAP figures exclude items such as share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related/divestiture costs, significant asset impairments and restructurings, litigation settlements, gains and losses on investments, and related tax effects, among others. The company emphasizes that these non-GAAP measures are used to provide useful information regarding financial and business trends alongside GAAP measures. Management utilizes these non-GAAP figures, which exclude certain non-cash or irregular items, for internal budgeting and review. The press release (Exhibit 99.1) is expected to contain forward-looking estimates for gross margin, operating margin, tax provision rate, and EPS on a non-GAAP basis, offering investors insight into management's future expectations.

Cisco Systems, Inc. (CSCO) filed an 8-K report on December 16, 2025, detailing the outcomes of its Annual Meeting of Stockholders held on December 15, 2025. The most significant event for investors is the approval of the amendment and restatement of the Cisco Systems, Inc. 2005 Stock Incentive Plan. This amendment, effective upon stockholder approval, increases the number of shares authorized for issuance under the plan by 57,490,000 shares. The plan will now terminate on the date of the 2030 Annual Meeting unless re-adopted or extended. The report also provides the voting results for five proposals presented at the meeting. All nine nominated directors were elected, and executive compensation was approved on an advisory basis. Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026 was ratified with overwhelming support. A stockholder proposal requesting a report on the financial value of Cisco's inclusion programs, however, received substantial opposition.

Cisco Systems, Inc. (CSCO) reported its first quarter fiscal year 2026 results, demonstrating robust top-line growth driven by an 8% increase in total revenue to $14.9 billion. This growth was primarily fueled by an 10% surge in product revenue, particularly in Networking, which saw a 15% uplift, with strong contributions from AI Infrastructure and Campus Networking solutions. Services revenue also grew by a modest 2%. Despite an 8% increase in operating expenses, improved operating leverage, driven by lower restructuring charges and revenue growth, led to a significant 43% increase in operating income and a 5.6 percentage point expansion in operating margin to 22.6%. Diluted EPS rose by 6% to $0.72, though this was partially impacted by a strong prior-year tax benefit. The company maintained a healthy gross margin of 65.5%, though slightly down from the prior year's 65.9% due to product mix and pricing pressures, partially offset by productivity gains. Cisco's balance sheet remains strong, with $8.4 billion in cash and cash equivalents and a substantial $42.9 billion in remaining performance obligations (RPO), indicating a solid revenue outlook. The company continued its commitment to returning capital to shareholders, with $1.6 billion in dividends paid and $2.0 billion in stock repurchases during the quarter.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing its financial results for the fiscal first quarter of 2026, which ended on October 25, 2025. The report primarily serves to furnish a press release with these results, which includes a significant focus on non-GAAP financial measures. Investors should note that Cisco uses these non-GAAP figures, which exclude items such as share-based compensation, acquisition-related costs, amortization of intangibles, and investment gains/losses, to provide a view of its ongoing business trends and operational performance. The press release also provides forward-looking guidance on key financial metrics including gross margin, operating margin, tax provision rate, and earnings per share (EPS) on a non-GAAP basis. While Cisco believes these non-GAAP measures offer useful insights when viewed alongside GAAP results, investors are reminded that they are not prepared in accordance with GAAP and may differ from measures used by other companies. The filing does not include specific GAAP numbers but directs investors to the furnished press release for the full details.

Cisco Systems, Inc. (CSCO) has filed an 8-K reporting that Wesley G. Bush has decided not to stand for re-election at the upcoming 2025 annual meeting of stockholders. Mr. Bush will continue to serve as a director until that meeting concludes. This filing is primarily informational, indicating a change in board composition that will occur following the annual meeting.

Cisco Systems, Inc. (CSCO) reported fiscal year 2025 results characterized by overall revenue growth and solid margins, despite a decrease in operating income as a percentage of revenue. The company saw a 5% increase in total revenue year-over-year, driven by a 6% rise in product revenue and a 3% increase in services revenue. Notably, the acquisition of Splunk significantly boosted the Security and Observability segments, with Security revenue surging by 59% and Observability by 26%. Networking revenue experienced a 3% decline, attributed to normalized product shipments after a period of elevated levels. Geographically, all segments demonstrated revenue growth, with the Americas leading the increase. While Cisco continues to invest heavily in AI and key growth areas, the company faced headwinds including increased amortization of purchased intangible assets and share-based compensation expenses, contributing to a 1.8 percentage point decrease in operating income as a percentage of revenue. A legal dispute settlement also impacted the product cost of sales. Despite these factors, Cisco returned significant capital to shareholders through dividends and stock repurchases, maintaining a strong liquidity position with substantial cash and investments. The company remains focused on its strategy to securely connect everything, integrating AI across its portfolio to drive future growth.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing an amendment to its Amended and Restated Bylaws, effective August 21, 2025. The primary change introduces a 'cure period' for stockholders submitting director nomination notices. This amendment allows stockholders an opportunity to correct deficiencies in their nomination submissions, provided they are submitted within the designated timeframe outlined in the bylaws. The company also made minor ministerial adjustments for clarity and consistency within the bylaws. This change is primarily procedural and aims to enhance the shareholder engagement process for director nominations. Investors should note that while this amendment facilitates a smoother nomination process, it does not fundamentally alter Cisco's corporate governance structure or its strategic direction. The full text of the Amended and Restated Bylaws and a version highlighting the changes are available as exhibits to this filing.

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.

Cisco Systems, Inc. (CSCO) filed an 8-K on June 8, 2025, detailing a significant executive compensation matter. The Compensation and Management Development Committee approved an equity award for Mark Patterson, who was recently appointed as Executive Vice President and Chief Financial Officer. This filing provides specific details on the awarded restricted stock units (RSUs), aligning with the company's previously announced leadership change. Investors should note that Mr. Patterson has been granted 47,832 RSUs, which are designed to vest over a three-year period. The vesting schedule includes a 34% cliff vesting after the first year, followed by quarterly vesting of 8.25% thereafter. This structure is intended to incentivize long-term commitment and performance from the new CFO.

Cisco Systems, Inc. (CSCO) reported solid performance for the third quarter of fiscal year 2025, with total revenue increasing by 11% year-over-year to $14.15 billion. This growth was driven by a 15% increase in product revenue, notably bolstered by the full quarter inclusion of Splunk's results, and a 3% increase in services revenue. Gross margin improved by 0.5 percentage points to 65.6%, reflecting productivity gains and the contribution of Splunk, partially offset by pricing erosion. Net income saw a significant jump of 32% to $2.49 billion, leading to diluted earnings per share of $0.62, a 35% increase. The company's operational efficiency improved, with operating income as a percentage of revenue rising to 22.6%. Cisco continues to invest in AI integration across its portfolio and remains focused on its strategic priorities, demonstrating resilience amidst a challenging macroeconomic environment. The company maintained a strong liquidity position with $15.64 billion in cash and investments.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing significant executive leadership changes. Effective July 26, 2025, Scott Herren will retire as Executive Vice President and Chief Financial Officer, though he will continue as an Executive Advisor until May 2026. Mark Patterson, currently Executive Vice President and Chief Strategy Officer, has been appointed to succeed Mr. Herren as CFO, starting July 27, 2025. Additionally, Jeetu Patel has been appointed President and Chief Product Officer, effective May 14, 2025. These appointments reflect internal promotions and transitions within Cisco's senior management team, aimed at maintaining continuity and leveraging existing leadership expertise. Investors should note the appointment of an experienced internal candidate to the critical CFO role, which typically signals a stable transition.

Cisco Systems, Inc. (CSCO) filed an 8-K on May 14, 2025, reporting its financial results for the fiscal third quarter of 2025, which ended on April 26, 2025. The filing primarily serves to furnish a press release detailing these results, including both GAAP and non-GAAP financial metrics. Investors should note that Cisco relies heavily on non-GAAP measures, which exclude items such as share-based compensation, acquisition-related costs, and gains/losses on investments, to provide what it believes is a clearer view of ongoing business trends. The press release, furnished as Exhibit 99.1, contains the detailed financial performance for the quarter. While specific figures are not provided within the 8-K text itself, the report indicates that the furnished press release will include forward-looking estimates for key performance indicators like gross margin, operating margin, tax provision rate, and Earnings Per Share (EPS) on a non-GAAP basis. Investors are advised to refer to the full press release for quantitative data and management's forward guidance.

Cisco Systems, Inc. (CSCO) has announced a significant addition to its Board of Directors with the appointment of Kevin Weil, the Chief Product Officer of OpenAI. This appointment, effective May 12, 2025, brings a notable figure from the artificial intelligence and product innovation space onto Cisco's governing body. Mr. Weil has been deemed independent under Nasdaq listing standards, which is a positive signal for good corporate governance. This strategic move suggests Cisco's continued focus on advancing its product strategy and leveraging cutting-edge technology, particularly in areas where OpenAI is a leader. Investors will likely view this appointment as a sign of Cisco's commitment to innovation and its efforts to stay at the forefront of the rapidly evolving technology landscape. The compensation structure for Mr. Weil as a new director aligns with Cisco's standard policies for non-employee directors, involving both cash and equity awards.

Cisco Systems, Inc. (CSCO) has filed an 8-K/A amendment to its previous filing, updating the departure date for Gary Steele, President, Go-to-Market. The effective date of his resignation has been extended from its previously announced date to May 12, 2025. This change provides a slightly longer transition period for Steele's departure and the associated responsibilities within Cisco's go-to-market strategy.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing a significant debt issuance, raising a total of $5 billion. This offering comprises multiple tranches of senior notes with varying maturities and interest rates, ranging from 4.550% for the 2028 Notes to 5.500% for the 2055 Notes. The proceeds from this offering are earmarked for general corporate purposes, including the repayment of outstanding commercial paper, indicating a strategic move to manage short-term liabilities and potentially optimize the company's capital structure. Investors should note the specific coupon rates and maturity dates associated with each note series, as these will impact future interest expenses and cash flow requirements. The notes are unsecured and rank equally with other senior unsecured indebtedness, but effectively subordinate to liabilities of Cisco's subsidiaries. The company has included standard covenants related to mergers, consolidations, and asset sales, along with typical events of default. This issuance demonstrates Cisco's ongoing access to capital markets to fund its operations and strategic initiatives.

Cisco Systems, Inc. (CSCO) filed its quarterly report for the period ending January 24, 2025. The company reported total revenue of $13.99 billion, a 9% increase year-over-year, primarily driven by an 11% rise in product revenue, significantly boosted by the inclusion of Splunk's contributions. Services revenue also saw a 6% increase. Despite revenue growth, net income declined by 8% to $2.43 billion, leading to a diluted EPS of $0.61, down from $0.65 in the prior year period. This decline was influenced by a significant increase in operating expenses, including higher R&D, Sales & Marketing, and G&A, as well as higher amortization of purchased intangible assets and restructuring charges. For the six-month period, total revenue grew 1% to $27.83 billion, while net income saw a more substantial decrease of 18% to $5.14 billion. The company continues to invest heavily in R&D, with a 19% increase in R&D expenses for the six-month period. Cisco highlighted its strategic focus on integrating AI across its portfolio and its commitment to returning capital to shareholders through dividends and stock repurchases, recently authorizing an additional $15 billion for share repurchases.

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.

Cisco Systems, Inc. (CSCO) has announced a significant executive change with the departure of Gary Steele, President of Go-to-Market, who will be resigning from the company effective April 25, 2025. This resignation is driven by Mr. Steele's acceptance of an external CEO opportunity. While the departure of a key executive can introduce short-term uncertainty, investors should note that Mr. Steele's exit is for a chief executive role elsewhere, indicating continued demand for his leadership expertise. Investors will be closely watching Cisco's strategy for managing its Go-to-Market operations in Mr. Steele's absence and how the company plans to ensure a smooth transition. The company will likely provide further updates regarding leadership changes or interim arrangements in subsequent filings or communications. The immediate impact on stock performance may depend on market perception of the Go-to-Market segment's stability and Cisco's succession planning.

This 8-K filing from Cisco Systems, Inc. (CSCO) reports on the outcomes of the Annual Meeting of Stockholders held on December 9, 2024. The primary focus is on the voting results for three key proposals, including the election of directors, advisory approval of executive compensation, and ratification of the independent auditor. All proposals received overwhelming support from shareholders, indicating continued confidence in the company's leadership and governance. The election of all nine director nominees passed with a significant majority of votes cast. Similarly, the advisory vote to approve executive compensation was overwhelmingly favored by shareholders. Finally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the upcoming fiscal year was ratified with near-unanimous support. These results generally reflect positive sentiment from the shareholder base regarding the company's strategic direction and financial oversight.

Cisco Systems, Inc. reported a decrease in revenue for the first quarter of fiscal year 2025, with total revenue falling by 6% year-over-year to $13.84 billion. This decline was primarily driven by a 9% decrease in product revenue, while services revenue saw a modest 6% increase. The company highlighted that excluding the impact of Splunk, total revenue would have decreased by 14%. Operating income saw a significant 45% drop, impacting diluted earnings per share, which decreased by 24%. This performance was attributed to lower revenue, increased operating expenses including those from the Splunk acquisition, higher restructuring charges, and increased amortization of purchased intangible assets. Despite the revenue decline, Cisco is focusing on strategic investments in key growth areas like AI, security, collaboration, and observability, integrating AI across its product portfolio. The company reported robust free cash flow of $3.44 billion and continued its capital return program through dividends and share repurchases. Management indicated an improvement in product demand across most geographic segments, suggesting customers have largely completed installations from prior elevated shipment periods. Cisco remains committed to its long-term strategy of securely connecting everything to drive digital transformation for its customers.

Cisco Systems, Inc. (CSCO) filed an 8-K on November 13, 2024, to report its financial results for the fiscal first quarter of 2025, which ended on October 26, 2024. The filing includes a press release detailing the company's operational performance. A key aspect of this report is its emphasis on non-GAAP financial measures, which Cisco utilizes to provide investors with a view of financial and business trends that exclude certain items such as share-based compensation, amortization of acquisition-related intangibles, acquisition/divestiture costs, significant asset impairments and restructurings, litigation settlements, Russia-Ukraine war costs, and gains/losses on investments. The company states that these non-GAAP measures are presented in conjunction with GAAP measures to offer a more comprehensive understanding of its historical and projected results.

Cisco Systems, Inc. (CSCO) has filed a Form 8-K on October 10, 2024, to report a key change in its Board of Directors. Ekta Singh-Bushell has informed the company that she will not seek re-election at the upcoming 2024 Annual Meeting of Stockholders. While she will continue her service until the meeting, this signifies a change in the board's composition moving forward. This departure, while not an unexpected resignation or removal, is noteworthy for investors as it impacts the continuity and experience of the board. Investors should monitor future filings for information regarding the election of new directors or any shifts in committee assignments. The announcement itself does not indicate any performance issues or strategic disagreements but rather a personal decision regarding future board service.

Cisco Systems, Inc. (CSCO) reported its fiscal year 2024 results, showcasing a challenging period marked by a decline in total revenue of 6% year-over-year, primarily driven by a 9% decrease in product revenue. This decline is attributed to customers taking longer to implement product shipments received in prior quarters and ongoing macroeconomic uncertainty. The company did see a 5% increase in services revenue and a notable 9% growth in total software revenue, significantly boosted by the acquisition of Splunk Inc. in the third quarter of fiscal 2024, which contributed $1.4 billion to revenue. Despite the revenue headwinds, Cisco demonstrated improved gross margins, up by 2.0 percentage points, driven by favorable product mix and productivity benefits. However, operating income as a percentage of revenue decreased due to increased operating expenses, particularly from the Splunk acquisition, higher restructuring charges, and amortization of intangible assets. Looking ahead, Cisco remains focused on its strategic priorities of modernizing infrastructure, improving cybersecurity, and harnessing the power of AI and data. The company is integrating AI across its product portfolios and sees significant demand for network connectivity to support AI workloads. While the fiscal year presented revenue declines, the company's acquisition of Splunk is expected to strengthen its security and observability offerings. Cisco continues to return capital to shareholders through dividends and stock repurchases, maintaining a strong balance sheet despite significant investments and debt associated with the Splunk acquisition.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing its fiscal fourth quarter and full fiscal year 2024 results, alongside a significant restructuring announcement. The company reported its financial performance for the period ending July 27, 2024, and provided forward-looking estimates for key financial metrics on a non-GAAP basis, which excludes certain non-recurring or non-cash items. Investors should note that while these non-GAAP measures offer a view of ongoing operational trends, they should be considered alongside GAAP results. In addition to its financial reporting, Cisco announced a strategic restructuring plan aimed at investing in growth opportunities and improving efficiencies. This initiative is expected to impact approximately 7% of its global workforce and result in pre-tax charges of up to $1 billion, primarily consisting of severance and termination benefits. The majority of these charges are anticipated in the first quarter of fiscal year 2025, with the remainder spread throughout the year. This restructuring signals a proactive approach by management to realign the business for future performance.

This 8-K filing from Cisco Systems, Inc. (CSCO) on July 19, 2024, primarily details the separation agreement with former Executive Vice President and Chief Customer and Partner Officer, Jeff Sharritts, effective July 15, 2024. The agreement includes accelerated vesting of certain time-based restricted stock units, eligibility for retirement vesting of performance-based RSUs, and a cash payment of approximately $2.6 million. This payment is structured as eighteen months of base salary, his annual target bonus, and 17 months of COBRA premiums.

Cisco Systems, Inc. (CSCO) announced a new addition to its Board of Directors, appointing Ekta Singh-Bushell, a former executive from the Federal Reserve Bank of New York, effective June 14, 2024. Ms. Singh-Bushell brings a background in operations and regulatory environments, making her an independent director under Nasdaq listing standards. She has also been appointed to key board committees, including the Audit Committee and the Environmental, Social, and Public Policy Committee. This appointment is a strategic move by Cisco to enhance its board's expertise and oversight. Investors can view this as a positive development, indicating the company's commitment to robust governance. Ms. Singh-Bushell will receive standard compensation for non-employee directors, including cash retainers and equity awards, with options for deferred settlement, aligning her interests with long-term shareholder value. Her inclusion on the Audit Committee, in particular, suggests a continued focus on financial integrity and regulatory compliance.

Cisco Systems, Inc. (CSCO) reported a significant decline in revenue for the third quarter of fiscal year 2024, with total revenue down 13% year-over-year to $12.7 billion. This decrease was primarily driven by a 19% drop in product revenue, although service revenue saw a modest 6% increase. The company attributed the product revenue decline to customers scrutinizing spend and taking longer to implement previously received product shipments. The acquisition of Splunk, completed in March 2024, contributed $413 million in revenue and was a key driver for growth in the Security (up 36%) and Observability (up 27%) product categories, partially offsetting a significant 27% decline in Networking revenue. Despite the revenue drop, Cisco demonstrated improved profitability at the gross margin level, with a 1.7 percentage point increase to 65.1%, driven by favorable product mix, productivity improvements, and the impact of Splunk. However, operating income as a percentage of revenue decreased by 9.9 percentage points to 17.2%, largely due to substantial restructuring and other charges totaling $542 million and increased amortization of purchased intangible assets. Diluted earnings per share fell significantly by 41% to $0.46. Financially, the company's cash and cash equivalents and investments decreased by $7.4 billion to $18.8 billion, primarily due to the Splunk acquisition, dividend payments, and share repurchases. Cisco maintained a strong balance sheet, with remaining authorized share repurchases of $7.2 billion, and continued to return capital to shareholders through dividends.

Cisco Systems, Inc. (CSCO) filed an 8-K on May 15, 2024, primarily to report its fiscal third quarter 2024 results. While the filing itself does not contain the detailed financial figures, it references a press release (Exhibit 99.1) which provides these results. Investors should note that Cisco continues to present non-GAAP financial measures, which exclude items like share-based compensation, acquisition-related intangible assets, and other non-recurring costs. The company believes these non-GAAP measures offer useful insights into underlying business trends when viewed alongside GAAP results. Additionally, the report details significant executive leadership changes, including the appointment of Gary Steele as President, Go-to-Market, and the departure of Jeff Sharritts from his executive role. This appointment comes with a comprehensive compensation package for Mr. Steele, reflecting his new responsibilities and prior experience. The focus of this 8-K is on providing context for Cisco's quarterly financial performance and significant organizational shifts. Investors are encouraged to review the referenced press release for specific financial metrics and the details of Mr. Steele's compensation and severance arrangements for a complete understanding of the implications of these events. The company's continued reliance on non-GAAP reporting is a key point for investors to consider when evaluating performance, as it offers a different perspective than standard GAAP reporting.

Cisco Systems, Inc. (CSCO) has officially closed its previously announced acquisition of Splunk Inc. on March 18, 2024. This significant transaction involved a merger where Splunk now operates as a wholly owned subsidiary of Cisco. Under the terms of the merger, each outstanding share of Splunk common stock was acquired for $157.00 in cash. This brings the total equity value of the acquisition to approximately $28 billion. The deal, initially announced in September 2023, represents a major strategic move by Cisco to enhance its portfolio and market position.

Cisco Systems, Inc. (CSCO) has filed an 8-K report detailing the issuance of a significant aggregate principal amount of senior notes totaling $13.5 billion. These notes are structured across various maturities, ranging from 2026 to 2064, with interest rates varying between 4.800% and 5.350% per annum. The primary stated purpose for this debt issuance is for general corporate purposes, with a significant portion earmarked for partially financing the proposed acquisition of Splunk Inc. This move by Cisco signals a strategic initiative to bolster its financial resources for a major acquisition, which is a key development for investors to monitor. The debt issuance is comprised of unsecured senior notes, meaning they rank equally with other unsecured indebtedness but junior to subsidiary liabilities. The terms of the indenture include standard covenants limiting consolidation, mergers, and asset sales, as well as events of default. Notably, a special mandatory redemption provision requires Cisco to redeem all notes at a premium (101% of principal plus accrued interest) if the Splunk acquisition is not consummated by a specified date or if the company decides not to proceed with it. This provides a degree of downside protection for noteholders in the event the acquisition falters.

Cisco Systems, Inc. reported its second-quarter fiscal year 2024 results, with total revenue decreasing by 6% year-over-year to $12.79 billion. This decline was primarily driven by a 9% decrease in product revenue, while service revenue saw a modest 4% increase. The company cited customer spending scrutiny amid macroeconomic uncertainty and elevated product shipments from prior quarters as key factors impacting product demand, which is expected to continue through at least the end of fiscal 2024. Despite the revenue dip, Cisco demonstrated improved profitability with a 2.2 percentage point increase in total gross margin to 64.2%, largely due to productivity gains and a favorable product mix, partially offset by pricing erosion. Diluted earnings per share decreased by 3% to $0.65, reflecting the lower net income but aided by a reduced share count. The company continues to navigate a challenging environment while investing in innovation and its business model transition towards software subscriptions, which saw a 5% increase.

Cisco Systems, Inc. (CSCO) filed an 8-K on February 14, 2024, primarily to report its fiscal second quarter 2024 financial results and to announce a significant restructuring plan. The earnings report, detailed in an accompanying press release, focuses on both GAAP and non-GAAP financial metrics, with Cisco emphasizing its non-GAAP figures as useful for understanding operational trends by excluding items such as share-based compensation, acquisition-related costs, and other one-time expenses. Investors should note Cisco's ongoing use of these non-GAAP measures to provide a clearer view of its core business performance. The company also announced a broad restructuring initiative that will impact approximately 5% of its global workforce. This plan is expected to incur pre-tax charges of approximately $800 million, primarily for severance and termination benefits. The majority of these charges are anticipated in the third quarter of fiscal 2024, with the remainder spread across the fourth quarter and the first half of fiscal 2025. While the restructuring aims to realign the organization and invest in key priority areas, it represents a notable operational adjustment for the company.

Cisco Systems, Inc. (CSCO) has entered into a Third Amended and Restated Credit Agreement on February 2, 2024, establishing a $5.0 billion unsecured revolving credit facility. This facility, which can be expanded up to $7.0 billion and has an initial maturity of five years with options for extension, provides significant financial flexibility. The agreement outlines various borrowing options including U.S. dollar loans tied to Term SOFR or Base Rate, and foreign currency loans. It also includes a commitment fee on the undrawn amount and fees for outstanding letters of credit, with terms influenced by Cisco's senior debt credit ratings.

This 8-K filing from Cisco Systems, Inc. details the outcomes of their Annual Stockholders Meeting held on December 6, 2023. The primary event of note for investors is the stockholder approval of the amendment and restatement of the 2005 Stock Incentive Plan. This amendment materially increases the number of authorized shares for issuance by 80.575 million, a key action for future equity-based compensation. The Amended Stock Plan will now expire on the date of the 2030 Annual Meeting. Additionally, the filing provides the voting results for several other proposals, including the election of nine board members, an advisory vote on executive compensation, the frequency of future advisory votes on executive compensation, the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm, and a stockholder proposal regarding tax transparency. All proposals, except the stockholder proposal on tax transparency, received substantial support from stockholders.

Cisco Systems, Inc. reported strong financial results for the first quarter of fiscal year 2024, demonstrating robust revenue growth and improved profitability. Total revenue increased by 8% year-over-year, driven primarily by a 9% rise in product revenue, while service revenue saw a 4% increase. This growth was underpinned by significant improvements in product gross margin, which rose by 5.3 percentage points due to productivity gains, favorable pricing, and product mix. The company also highlighted a healthy increase in diluted earnings per share, up 37% year-over-year, reflecting both improved profitability and a reduced share count. Despite the positive top-line and bottom-line performance, Cisco noted a decline in product demand in the current quarter. Management attributes this primarily to customers needing more time to implement product shipments from prior quarters, particularly among larger enterprise, service provider, and cloud customers. While macroeconomic challenges persist, the company is focused on strategic investments, innovation, and managing its business model transition toward software and subscriptions, aiming for long-term profitable growth.

Cisco Systems, Inc. (CSCO) filed an 8-K on November 15, 2023, reporting its fiscal first quarter 2024 results for the period ending October 28, 2023. The filing primarily furnished a press release detailing these results, including both GAAP and non-GAAP financial metrics. Investors should note that Cisco emphasizes non-GAAP measures, such as non-GAAP net income, gross margins, operating income, and EPS, to provide insights into ongoing business trends, excluding items like share-based compensation, acquisition-related costs, and investment gains/losses. The report also provides forward-looking guidance on a non-GAAP basis, including estimated ranges for gross margin, operating margin, tax provision rate, and EPS. While these non-GAAP figures are presented to aid investor understanding, Cisco explicitly states they are not a substitute for GAAP measures and should be evaluated alongside them due to their potential limitations. The company outlines specific adjustments made to arrive at non-GAAP figures, aiming to present a clearer view of operational performance independent of certain non-recurring or non-cash expenses.

This Form 8-K filing from Cisco Systems, Inc. announces significant changes to its Board of Directors. Three long-standing directors, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su, have decided not to seek re-election at the upcoming 2023 Annual Meeting. This signals a period of transition and potential refreshment on the board. Concurrently, Cisco has appointed Daniel H. Schulman, former CEO of PayPal Holdings, Inc., to its Board of Directors, effective October 10, 2023. Mr. Schulman's extensive leadership experience is expected to bring valuable insights. His compensation will align with Cisco's standard non-employee director package, including cash retainers and equity awards, with the ability to defer these compensation components. He will also be subject to Cisco's standard indemnity agreement.

This Cisco Systems, Inc. (CSCO) 8-K filing primarily provides forward-looking financial projections related to its previously announced acquisition of Splunk Inc. Cisco expects the transaction to be cash flow positive and gross margin accretive in the first fiscal year post-close. Furthermore, the company anticipates the acquisition to be non-GAAP EPS accretive in the second fiscal year following the closing. These projections are based on specific definitions of "positive or accretive cash flow" which exclude certain transaction costs and equity-related payments. Investors should note that these are forward-looking statements subject to significant risks and uncertainties, as detailed in the cautionary statement within the filing. The company also reminds investors that non-GAAP measures are not prepared in accordance with GAAP and should be considered alongside GAAP measures. Additional information regarding the acquisition, including proxy statements, will be made available on the SEC's website and through Splunk's investor relations.

Cisco Systems, Inc. has announced a significant strategic move with the entry into a definitive agreement to acquire Splunk Inc. for approximately $28 billion. This all-cash transaction will see Splunk become a wholly-owned subsidiary of Cisco. The acquisition aims to enhance Cisco's capabilities and offer a more comprehensive platform to its customers, particularly in areas of digital resilience. The deal has been unanimously approved by Cisco's Board of Directors and is expected to close by the end of the third quarter of calendar year 2024, subject to customary closing conditions including regulatory and stockholder approvals. The transaction involves a cash payment of $157.00 per share for Splunk's outstanding common stock. Cisco will also assume Splunk's outstanding equity awards, with vested options and RSUs being converted into cash payments, while unvested awards will be converted into contingent cash payments that will vest over time based on their original schedules. This acquisition represents a substantial investment by Cisco and signals a significant shift in its strategy to bolster its software and data analytics offerings.

Cisco Systems, Inc. (CSCO) reported solid performance in its fiscal year ending July 28, 2023, with total revenue increasing by 11% year-over-year to $56.998 billion. This growth was driven by a 13% increase in product revenue, reaching $43.142 billion, and a 2% increase in service revenue, totaling $13.856 billion. The company highlighted an improvement in supply constraints during fiscal 2023, allowing for increased product deliveries and positively impacting revenue. Cisco continues its strategic shift towards software and subscription-based offerings, with total software revenue growing 12% and subscription revenue increasing by 16%. The company emphasized its commitment to innovation across its technology portfolio, focusing on key customer priorities such as transforming infrastructure, securing enterprises, powering hybrid work, reimagining applications, and driving sustainability. Cisco's strategy revolves around securely connecting everything and delivering a trusted customer experience. The report also detailed significant investments in research and development, sales, and marketing, alongside efforts to manage costs and operational efficiencies. Despite a challenging macroeconomic environment and intense competition, Cisco demonstrated resilience and continued investment in growth areas.

Cisco Systems, Inc. (CSCO) filed an 8-K on August 16, 2023, to report its financial results for the fiscal fourth quarter and full fiscal year 2023, ending July 29, 2023. The filing primarily serves to furnish a press release containing these results. Investors should note that the press release includes non-GAAP financial measures alongside GAAP measures. Cisco utilizes these non-GAAP metrics, which exclude items such as share-based compensation, amortization of acquisition-related intangibles, and acquisition/divestiture costs, to provide insights into ongoing operational trends and performance. Management believes this approach offers a more useful view of the business when evaluated in conjunction with GAAP results, aiding in the understanding of financial and business trends. The actual financial figures and forward-looking guidance were presented in the furnished press release (Exhibit 99.1), which is not detailed within this 8-K itself but is referenced as the source of the information. The primary purpose of this 8-K filing is to officially report and provide access to Cisco's latest earnings. While the 8-K document itself does not contain the detailed financial statements or forward-looking guidance, it directs stakeholders to the accompanying press release (Exhibit 99.1). This press release is where investors can find specific figures for revenue, earnings per share (EPS), margins, and management's outlook for future periods, all presented on both GAAP and non-GAAP bases. The company's explanation of its non-GAAP adjustments is extensive, highlighting the specific items management believes should be considered separately for a clearer understanding of core operational performance.

Cisco Systems, Inc. (CSCO) announced a key executive appointment in an 8-K filing dated July 18, 2023. The company's Board of Directors has appointed M. Victoria Wong as the new Senior Vice President and Chief Accounting Officer, effective July 30, 2023. Ms. Wong will be taking over from Prat Bhatt and brings extensive experience within Cisco's finance organization, having held various leadership roles since 2007, including Deputy Chief Accounting Officer and Corporate Controller. Her prior experience includes a tenure as a partner at KPMG LLP.

Cisco Systems, Inc. (CSCO) reported strong financial results for the third quarter of fiscal year 2023, showcasing a 14% increase in total revenue compared to the same period last year, reaching $14.6 billion. This growth was primarily driven by a 17% surge in product revenue, indicating a recovery in supply chain constraints and improved product delivery. Service revenue also saw a modest 3% increase. The company demonstrated solid profitability, with net income rising 6% year-over-year to $3.2 billion, and diluted EPS growing 7% to $0.78. Cisco also highlighted its continued focus on software and subscription revenue, which saw an 18% increase. Despite some headwinds from macroeconomic uncertainty and a slight decrease in operating income as a percentage of revenue, the company's robust revenue growth and improved operational execution, particularly in overcoming supply chain challenges, present a positive outlook for investors.

Cisco Systems, Inc. (CSCO) filed an 8-K on May 17, 2023, to report its financial results for the fiscal third quarter ended April 29, 2023. The filing primarily furnished a press release detailing the company's operational performance. Investors should note that the company presented both GAAP and non-GAAP financial measures, with the latter excluding items such as share-based compensation expense, amortization of acquisition-related intangible assets, acquisition/divestiture costs, significant asset impairments, litigation settlements, Russia-Ukraine war costs, and gains/losses on investments. Cisco's management utilizes these non-GAAP measures, alongside GAAP measures, to provide a clearer view of the company's ongoing business trends and financial condition. While these non-GAAP figures are not replacements for GAAP, the company believes they offer valuable insights into historical and projected operational results. The detailed reconciliation of GAAP to non-GAAP figures would be found in the furnished press release (Exhibit 99.1), which is crucial for a comprehensive understanding of Cisco's performance.

Cisco Systems, Inc. (CSCO) filed an 8-K on March 9, 2023, reporting amendments to its Amended and Restated Bylaws, effective immediately as of March 9, 2023. These changes are primarily driven by the need to comply with recent amendments to the Delaware General Corporation Law (DGCL) and to adapt to new regulations, specifically Rule 14a-19 of the Securities Exchange Act of 1934, commonly known as the Universal Proxy Rules. Key modifications include enhanced disclosure requirements for stockholders seeking to nominate directors or solicit proxies, stricter limitations on the number of director nominees a single stockholder can propose, and updated procedures to align with the Universal Proxy Rules. These updates aim to standardize proxy solicitations, provide Cisco with remedies for non-compliance, and ensure clarity in the shareholder voting process. Investors should note these changes primarily relate to corporate governance and the mechanics of shareholder meetings, rather than financial performance or operational updates.

Cisco Systems, Inc. (CSCO) reported its financial results for the second quarter and first six months of fiscal year 2023, ending January 28, 2023. The company demonstrated revenue growth, with total revenue increasing by 7% year-over-year in the second quarter to $13.6 billion. Product revenue saw a 9% increase, while service revenue grew by 2%. This growth was driven by strong performance in Secure, Agile Networks, and End-to-End Security segments. Despite revenue growth, net income decreased by 7% in the second quarter to $2.77 billion, and diluted EPS fell to $0.67. This was partly due to increased restructuring charges of $243 million related to a plan to rebalance the organization, which is expected to cost approximately $600 million in total. Gross margins were impacted by supply chain constraints and associated cost increases, leading to a decrease in product gross margin by 1.6 percentage points. The company continues to navigate supply chain challenges but noted some improvements. Financially, Cisco ended the quarter with a strong cash position, including cash and cash equivalents of $9.0 billion and total investments of $13.1 billion. The company also returned significant capital to shareholders through dividends and stock repurchases, highlighting a commitment to capital allocation.

Cisco Systems, Inc. (CSCO) announced the resignation of a key board member, Brenton L. Saunders, effective February 21, 2023. Mr. Saunders is departing to assume the role of Chair and Chief Executive Officer at Bausch + Lomb Corporation, a separate public company. This change impacts the composition of Cisco's Board of Directors.

Cisco Systems, Inc. filed an 8-K on February 15, 2023, to report its fiscal second quarter 2023 financial results for the period ending January 28, 2023. This report primarily furnishes a press release detailing these results. Investors should note that Cisco provides both GAAP and non-GAAP financial measures, with the latter excluding items such as share-based compensation, acquisition-related costs, and Russia-Ukraine war costs, among others. The company believes these non-GAAP measures offer a clearer view of ongoing business trends when analyzed alongside GAAP figures. The press release, furnished as an exhibit, contains specific financial performance data for the quarter. While the 8-K itself doesn't contain the detailed numbers, it directs investors to the exhibit for figures on revenue, earnings per share (EPS), gross margins, and operating margins, both on a GAAP and non-GAAP basis. It also includes forward-looking guidance for future periods, which is crucial for assessing the company's outlook and potential growth trajectory.

This 8-K filing from Cisco Systems, Inc. (CSCO) primarily details the adoption of pre-arranged stock trading plans by two key executives: Deborah L. Stahlkopf, Executive Vice President, Chief Legal Officer and Chief Compliance Officer, and Prat Bhatt, Senior Vice President and Chief Accounting Officer. These plans, adopted under Rule 10b5-1 guidelines, allow for the sale of Cisco stock over a specified period, terminating in December 2023 for Ms. Stahlkopf and September 2023 for Mr. Bhatt. From an investor's perspective, the adoption of these Rule 10b5-1 plans indicates a structured and pre-determined approach to stock sales by insiders, mitigating concerns about trading on material non-public information. While these filings report the *adoption* of plans and not actual sales yet, they signal a potential future increase in the supply of Cisco shares in the market by these executives. Investors should monitor subsequent Form 144 and Form 4 filings for actual transaction details.