CSCO · 10-K · 2026A · Full report

Products and Technology

CISCO SYSTEMS, INC. · 2026-09-02 · Importance 65 · Surprise 48 · From source text

Cisco’s Networking category includes switching, routing, wireless, and servers, with fiscal 2026 growth driven particularly by AI Infrastructure and Campus Networking solutions. Cisco Silicon One-based systems and optics were central to the Networking increase, alongside double-digit growth in Service Provider Routing, Data Center Switching, Wireless, and servers. Security growth was concentrated in SASE and Network Security offerings, while Collaboration growth was broad-based across Webex Suite, Collaboration Devices, Contact Center, and CPaaS. Observability grew through network assurance offerings, partially offset by a decline in observability suite offerings.

Key facts

• Networking product revenue in fiscal 2026 was $34,668 million, an increase of $6,364 million compared with fiscal 2025. source
• Total software revenue in fiscal 2026 was $23.2 billion, an increase of 4%. source
• Security product revenue in fiscal 2026 was $8,232 million compared with $8,094 million in fiscal 2025. source
• Collaboration product revenue in fiscal 2026 was $4,300 million compared with $4,154 million in fiscal 2025. source
• Increase in deferred product revenue of 2% was primarily due to increased deferrals related to recurring software offerings. source
• The combined increase was primarily related to commitments with contract manufacturers and suppliers related to manufacturing Cisco Silicon One and other products to meet demand from hyperscalers and other customers. source
• Product revenue increase of 16% was driven by Networking growth of 22%. source
• Observability product revenue in fiscal 2026 was $1,095 million compared with $1,055 million in fiscal 2025. source

Impact estimates