CSCO · News · 20260930N
Gross Margin Drivers
CISCO SYSTEMS, INC. · 2026-09-30 · Importance 20 · Surprise 24
Cisco’s Q4 FY2026 non-GAAP gross margin declined despite revenue reaching USD 17.252 billion. Hyperscaler AI infrastructure orders were a significant source of quarterly growth. Operating margin expanded during the same quarter, indicating that operating leverage offset the gross-margin pressure.