CISCO REPORTS THIRD QUARTER EARNINGS

SAN JOSE, Calif. — May 14, 2025 — Cisco today reported third quarter results for the period ended April 26, 2025. Cisco reported third quarter revenue of $14.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.62 per share, and non-GAAP net income of $3.8 billion or $0.96 per share.

“Cisco once again had strong quarterly results with clear demand for our technologies,” said Chuck Robbins, chair and CEO of Cisco.

“The momentum we are seeing with AI is fueled by the power of our secure networking portfolio, our trusted global partnerships, and the value we bring to our customers.”

“Another quarter of solid execution in Q3 drove revenue, margins and EPS above our guidance ranges,” said Scott Herren, CFO of Cisco. “Our innovation positions us well for future growth and our operational discipline is generating strong cash flows, enabling us to deliver significant shareholder returns.”

News Summary:

Product orders up 20% year over year; up 9% excluding Splunk, with growth across all geographies and customer markets
AI Infrastructure orders taken from webscale customers exceeded $600 million, surpassing our $1 billion target one quarter
early
Revenue of $14.1 billion, up 11% year over year, above the high end of our guidance range
Strong profitability with GAAP and non-GAAP margins and EPS above the high end of our guidance range
Q3 FY 2025 Results:
◦ Revenue: $14.1 billion
▪ Increase of 11% year over year
◦ Earnings per Share: GAAP: $0.62; Non-GAAP: $0.96
▪ GAAP EPS increased 35% year over year
▪ Non-GAAP EPS increased 9% year over year
Q4 FY 2025 Guidance (1):
◦ Revenue: $14.5 billion to $14.7 billion
◦ Earnings per Share: GAAP: $0.62 to $0.67; Non-GAAP: $0.96 to $0.98
FY 2025 Guidance (1):
◦ Revenue: $56.5 billion to $56.7 billion
◦ Earnings per Share: GAAP: $2.53 to $2.58; Non-GAAP: $3.77 to $3.79
(1) Margin and EPS guidance includes the estimated impact of tariffs based on current trade policy.