CSCO · 10-Q · 2026Q2 · Full report

Remaining Performance Obligations

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 61 · Surprise 32 · Contradicted

Cisco reported $43.5 billion of remaining performance obligations as of April 25, 2026, essentially unchanged from $43.5 billion at July 26, 2025. Product RPO increased 2% to $22.1 billion, including $11.7 billion of long-term product RPO, while services RPO decreased 3% to $21.4 billion. Short-term RPO was $21.8 billion and long-term RPO was $21.6 billion at April 25, 2026.

Key facts

Remaining performance obligations for product increased by 2% compared to the end of fiscal 2025, of which long-term product RPO was $11.7 billion, up 2%. source
Remaining performance obligations for services decreased 3% compared to the end of fiscal 2025. source
Total remaining performance obligations as of April 25, 2026: $43,462 million. source
Total remaining performance obligations as of July 26, 2025: $43,533 million. source
Product remaining performance obligations as of April 25, 2026: $22,058 million. source
Product remaining performance obligations as of July 26, 2025: $21,572 million. source
Services remaining performance obligations as of April 25, 2026: $21,404 million. source
Services remaining performance obligations as of July 26, 2025: $21,961 million. source

Impact estimates

metric	direction	stage	expected	basis
revenue	positive	probable	+68.9%	Short-term RPO as of April 25, 2026: $21,818 million.
revenue	negative	realized	-3.5%	Services remaining performance obligations as of April 25, 2026: $21,404 million.
revenue	positive	realized	+3.1%	Product remaining performance obligations as of April 25, 2026: $22,058 million.
revenue	positive	realized	+1.5%	Remaining performance obligations for product increased by 2% compared to the end of fiscal 2025, of which long-term product RPO was $11.7…
revenue	negative	realized	-0.5%	Total remaining performance obligations as of April 25, 2026: $43,462 million.