CSCO

CISCO SYSTEMS, INC.

v3.25.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 26, 2025
Apr. 27, 2024
Apr. 26, 2025
Apr. 27, 2024
REVENUE:        
Total revenue $ 14,149 $ 12,702 $ 41,981 $ 40,161
COST OF SALES:        
Total cost of sales 4,871 4,429 14,471 14,114
GROSS MARGIN 9,278 8,273 27,510 26,047
OPERATING EXPENSES:        
Research and development 2,335 1,948 6,920 5,804
Sales and marketing 2,724 2,559 8,148 7,523
General and administrative 739 736 2,286 2,050
Amortization of purchased intangible assets 244 297 774 430
Restructuring and other charges 34 542 709 677
Total operating expenses 6,076 6,082 18,837 16,484
OPERATING INCOME 3,202 2,191 8,673 9,563
Interest income 250 411 774 1,095
Interest expense (403) (357) (1,225) (588)
Other income (loss), net (102) (10) (121) (232)
Interest and other income (loss), net (255) 44 (572) 275
INCOME BEFORE PROVISION FOR INCOME TAXES 2,947 2,235 8,101 9,838
Provision for income taxes 456 349 471 1,680
NET INCOME $ 2,491 $ 1,886 $ 7,630 $ 8,158
Net income per share:        
Basic (in dollars per share) $ 0.63 $ 0.47 $ 1.92 $ 2.01
Diluted (in dollars per share) $ 0.62 $ 0.46 $ 1.91 $ 2.00
Shares used in per-share calculation:        
Basic (in shares) 3,972 4,042 3,981 4,051
Diluted (in shares) 4,002 4,060 4,004 4,071
Product        
REVENUE:        
Total revenue $ 10,374 $ 9,024 $ 30,722 $ 29,395
COST OF SALES:        
Total cost of sales 3,688 3,295 10,927 10,695
Services        
REVENUE:        
Total revenue 3,775 3,678 11,259 10,766
COST OF SALES:        
Total cost of sales $ 1,183 $ 1,134 $ 3,544 $ 3,419