CSCO · 10-Q · 2026Q2 · Full report

Product Launch and Transition

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 57 · Surprise 50

Security revenue was flat in the third quarter because declines in prior-generation products and Splunk offerings offset growth in new and refreshed products. Cisco said customers continued shifting Splunk consumption from fewer on-premise deals toward more cloud subscriptions. Over the first nine months, Security revenue declined 2%, primarily because of Threat Intelligence, Detection, and Response offerings and prior-generation products, partly offset by SASE growth. Collaboration revenue declined 1% in the quarter as Webex Suite weakness outweighed growth in Collaboration Devices, Cloud Contact Center, and CPaaS offerings.

Key facts

• Cisco increased inventory and purchase commitments in recent periods primarily related to Cisco Silicon One. source