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Cisco (CSCO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Cisco Systems (CSCO - Free Report) reported $14.88 billion in revenue for the quarter ended October 2025, representing a year-over-year increase of 7.5%. EPS of $1.00 for the same period compares to $0.91 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $14.78 billion, representing a surprise of +0.71%. The company delivered an EPS surprise of +2.04%, with the consensus EPS estimate being $0.98.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Cisco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- Product- Networking: $7.77 billion versus $7.34 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15% change.
  • Revenue- Product- Observability: $274 million versus $288.48 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
  • Revenue- Services: $3.81 billion compared to the $3.8 billion average estimate based on seven analysts. The reported number represents a change of +2.1% year over year.
  • Revenue- Product- Security: $1.98 billion compared to the $2.24 billion average estimate based on seven analysts. The reported number represents a change of -1.8% year over year.
  • Revenue- Product: $11.08 billion versus the seven-analyst average estimate of $10.95 billion. The reported number represents a year-over-year change of +9.5%.
  • Revenue- Product- Collaboration: $1.06 billion compared to the $1.09 billion average estimate based on seven analysts. The reported number represents a change of -2.8% year over year.
  • Non-Gaap Gross Margin- Service: $2.69 billion versus $2.69 billion estimated by five analysts on average.
  • Non-Gaap Gross Margin- Product: $7.45 billion versus $7.38 billion estimated by five analysts on average.

View all Key Company Metrics for Cisco here>>>

Shares of Cisco have returned +4.4% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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