CSCO · 10-Q · 2026Q2 · Full report
Deferred Revenue
CISCO SYSTEMS, INC. · 2026-05-19 · Importance 49 · Surprise 32 · Matches filing data
Cisco’s deferred revenue totaled $28.6 billion as of April 25, 2026, down 1% from $28.8 billion at July 26, 2025. Deferred product revenue was $13.5 billion and was essentially flat, while deferred services revenue declined 1% to $15.1 billion. The services decrease reflected lower business volume and ongoing amortization of deferred services revenue.
Key facts
- Deferred product revenue as of April 25, 2026: $13,461 million (flat compared to end of fiscal 2025). source
- Total deferred revenue as of April 25, 2026: $28,599 million. source
- Total deferred revenue as of July 26, 2025: $28,779 million. source
- Deferred services revenue as of April 25, 2026: $15,138 million (decrease driven by lower business volume and ongoing amortization). source
- Deferred revenue current portion as of April 25, 2026: $16,446 million; noncurrent portion: $12,153 million; total $28,599 million. source
- Approximately $12 million of the maximum potential future payments related to guarantees was recorded as deferred revenue as of April 25, 2026. source
- Total deferred revenue decreased 1% compared to the end of fiscal 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +0.1% | Total deferred revenue as of April 25, 2026: $28,599 million. |