CSCO · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 37 · Surprise 6 · In source text

As of April 25, 2026, Cisco held $7.1 billion of cash and cash equivalents, $9.2 billion of available-for-sale debt investments, and total cash and investments of $16.6 billion. During the first nine months of fiscal 2026, operating activities provided $8.8 billion, commercial paper issuance provided $4.9 billion, and released restricted cash provided approximately $0.6 billion. These sources were offset by $4.9 billion of dividends, $4.6 billion of common-stock repurchases, $1.8 billion of debt repayment, $1.4 billion of tax-withholding share repurchases, and $1.0 billion of capital expenditures; Cisco expects its liquidity resources to satisfy requirements for at least the next 12 months.

Key facts

• The carrying value plus additional funding commitments related to non-marketable equity securities represent Cisco's maximum exposure related to these investments as of April 25, 2026. source
• Total cash and cash equivalents and investments as of April 25, 2026: $16,640 million. source
• Cisco periodically engages in securities lending of available-for-sale debt investments and requires collateral equal to at least 102% of the fair market value of the loaned security. source
• Release of restricted cash previously held in escrow in the first nine months of fiscal 2026: approximately $0.6 billion. source
• Cash and cash equivalents as of April 25, 2026: $7,083 million. source
• Available-for-sale debt investments as of April 25, 2026: $9,180 million. source
• Capital expenditures in the first nine months of fiscal 2026: $1.0 billion. source
• Accounts receivable, net as of April 25, 2026: $6,480 million. source

Impact estimates