CSCO

CISCO SYSTEMS, INC.

v3.25.3
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Oct. 25, 2025
Oct. 26, 2024
REVENUE:    
Total revenue $ 14,883 $ 13,841
COST OF SALES:    
Total cost of sales 5,138 4,720
GROSS MARGIN 9,745 9,121
OPERATING EXPENSES:    
Research and development 2,400 2,286
Sales and marketing 2,871 2,752
General and administrative 733 795
Amortization of purchased intangible assets 231 265
Restructuring and other charges 147 665
Total operating expenses 6,382 6,763
OPERATING INCOME 3,363 2,358
Interest income 222 286
Interest expense (350) (418)
Other income (loss), net 156 41
Interest and other income (loss), net 28 (91)
INCOME BEFORE PROVISION FOR INCOME TAXES 3,391 2,267
Provision for (benefit from) income taxes 531 (444)
NET INCOME $ 2,860 $ 2,711
Net income per share:    
Basic (in dollars per share) $ 0.72 $ 0.68
Diluted (in dollars per share) $ 0.72 $ 0.68
Shares used in per-share calculation:    
Basic (in shares) 3,956 3,990
Diluted (in shares) 3,993 4,013
Product    
REVENUE:    
Total revenue $ 11,077 $ 10,114
COST OF SALES:    
Total cost of sales 3,934 3,526
Services    
REVENUE:    
Total revenue 3,806 3,727
COST OF SALES:    
Total cost of sales $ 1,204 $ 1,194