CSCO · 10-K · 2025A · Full report

Observability Growth

CISCO SYSTEMS, INC. · 2025-09-03 · Importance 49 · Surprise 66

Observability product revenue increased 26%, or $218 million, driven primarily by Splunk’s Observability Suite and growth in ThousandEyes network services. The firm cites a partial offset from declines in monitoring and analytics products, but overall Observability materially outperformed other product categories on a percentage basis. This reflects Cisco’s investments behind observability and the integration of Splunk capabilities. The increase signals growing customer demand for monitoring/analytics and end‑to‑end observability solutions.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiverealized+0.4%Product revenue by category — Observability increased 26% year over year and increased by $218 million in fiscal 2025, driven primarily by…