CSCO · 10-Q · 2026Q2 · Full report

Financing Guarantees and Channel Financing

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 42 · Surprise 40 · From source text

Channel partner financing volume increased to $21.7 billion in the first nine months of fiscal 2026 from $18.1 billion in the prior-year period. The balance subject to Cisco guarantees declined to $1.2 billion at April 25, 2026, from $1.3 billion at July 26, 2025. Maximum potential future payments under the guarantees were approximately $127 million, including approximately $12 million recorded as deferred revenue, and historical payments have been immaterial.

Key facts

Lease receivables, net as of April 25, 2026: $870 million (implied by total net $6,578 less loan receivables $5,708 = $870 million). source
Financing receivables total, net as of April 25, 2026: $6,578 million. source
Financing receivables total, net as of July 26, 2025: $6,527 million. source
Loan receivables, net as of April 25, 2026: $5,708 million. source
Loan receivables, net as of July 26, 2025: $5,591 million. source
Volume of channel partner financing for the first nine months of fiscal 2026: $21.7 billion. source
Volume of channel partner financing for the first nine months of fiscal 2025: $18.1 billion. source
Total maximum potential future payments related to financing guarantees as of April 25, 2026: approximately $127 million. source

Impact estimates

metric	direction	stage	expected	basis
assets	positive	realized	+0.1%	Loan receivables, net as of April 25, 2026: $5,708 million.
liability	negative	contingent	-0.0%	Total maximum potential future payments related to financing guarantees as of April 25, 2026: approximately $127 million.
assets	positive	realized	—	Lease receivables, net as of April 25, 2026: $870 million (implied by total net $6,578 less loan receivables $5,708 = $870 million).
assets	positive	realized	—	Financing receivables total, net as of April 25, 2026: $6,578 million.