TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

CSCO stock analysis: Cisco

Cisco (CSCO) is an S&P 500 company in Communications Equipment. It grades weakest on growth.

The model's view of CSCO · subscribers

Where CSCO ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with CSCO · updated 2026-10-05 · from prices and SEC filings

CSCO price performance

CSCO against the S&P 500, one year
+0%+50%+100%CSCO +71%S&P 500 +18%2025-09-292026-10-05
Year to date+49.1%S&P 500 +14.5% · ahead by 34.6 pts
1 year+69.1%S&P 500 +17.0% · ahead by 52.1 pts
3 years+129.4%S&P 500 +89.3% · ahead by 40.1 pts
5 years+136.6%S&P 500 +91.3% · ahead by 45.3 pts

Total returns with dividends reinvested.

CSCO factor grades

Each grade compares CSCO with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 33.8x (industry 36.2x)FCF yield 2.9% (industry 2.9%)
C-GrowthRevenue growth +12% (industry +12%)EPS growth +31% (industry +11%)
C+ProfitabilityOperating margin 24.3% (industry 24.3%)ROIC 17.5% (industry 17.5%)
C+Momentum12-month change +69%From 52-wk high -13%

CSCO key statistics

SectorInformation Technology
IndustryCommunications Equipment
IndexS&P 500
Market value$444.8B
Revenue growth (y/y)+12%
Free-cash-flow yield2.9%
Dividend yield1.5%
Next earnings (expected)2026-11-11
Valuation measures
Market value$444.8B
Enterprise value$467.1B
P/E (trailing)33.8x
Forward P/E (Torvanta estimate)28.4x
PEG (Torvanta estimate)1.51
Price / sales7.0x
Price / book8.8x
EV / revenue7.4x
EV / EBITDA30.4x
Financial highlights
Revenue, last 12 months$63.3B
Net income, last 12 months$13.3B
EPS, last 12 months (GAAP)$3.34
Gross margin64.5%
Operating margin24.3%
Net margin21.0%
Return on equity27.3%
Return on invested capital17.5%
Cash$7.2B
Total debt$29.5B
Debt / equity0.59x
Free cash flow, last 12 months$12.8B
Interest cover10.5x
Current ratio0.93x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

CSCO earnings trends

Revenue vs earnings
$0$4.3B$8.6B$12.9B$17.3BOct 2024 Revenue: $13.8BJan 2025 Revenue: $14.0BApr 2025 Revenue: $14.1BJul 2025 Revenue: $14.7BOct 2025 Revenue: $14.9BJan 2026 Revenue: $15.3BApr 2026 Revenue: $15.8BJul 2026 Revenue: $17.3BOct 2024 Net income: $2.7BJan 2025 Net income: $2.4BApr 2025 Net income: $2.5BJul 2025 Net income: $2.5BOct 2025 Net income: $2.9BJan 2026 Net income: $3.2BApr 2026 Net income: $3.4BJul 2026 Net income: $3.9BOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 19.6%Net margin: 17.4%Net margin: 17.6%Net margin: 17.4%Net margin: 19.2%Net margin: 20.7%Net margin: 21.3%Net margin: 22.4%0%11%22%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.5$0.7$1.0Oct 2024 EPS (GAAP, diluted): $0.7Jan 2025 EPS (GAAP, diluted): $0.6Apr 2025 EPS (GAAP, diluted): $0.6Jul 2025 EPS (GAAP, diluted): $0.6Oct 2025 EPS (GAAP, diluted): $0.7Jan 2026 EPS (GAAP, diluted): $0.8Apr 2026 EPS (GAAP, diluted): $0.9Jul 2026 EPS (GAAP, diluted): $1.0Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 +6% · Jan 2026 +31% · Apr 2026 +37% · Jul 2026 +52%

From the company's 10-Q and 10-K filings with the SEC.

Cisco financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$51.6B$57.0B$53.8B$56.7B$63.3B
Net income$11.8B$12.6B$10.3B$10.2B$13.3B
EPS (GAAP)$2.82$3.06$2.54$2.55$3.34
Free cash flow$12.7B$19.0B$10.2B$13.3B$12.8B

CSCO earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-12$0.97+52%+18%-6.7%
2026-05-13$0.85+37%+12%+15.0%
2026-02-11$0.80+31%+10%-11.5%
2025-11-12$0.72+6%+8%+9.5%
2025-08-13$0.64+19%+8%-3.3%
2025-05-14$0.62+35%+11%+3.4%

About Cisco

HeadquartersSan Jose, CA
Industry (SEC code)Computer Communications Equipment
Fiscal year endsJuly 25
Incorporated inDE
Listed onNasdaq
FormerlyCISCO SYSTEMS, INC., CISCO SYSTEMS INC

From the company's SEC registration record.

Companies similar to CSCO

CompanyMarket valueP/ERevenue growthOperating margin12-month change
CSCO Cisco$444.8B33.8x+12%24.3%+69%
LITE Lumentum$81.4Bn/a+83%17.4%+566%compare
MSI Motorola Solutions$75.4B35.9x+10%24.9%+2%compare
CIEN Ciena$55.3B87.0x+33%12.3%+157%compare
FFIV F5 Inc$26.0B36.5x+9%24.5%+41%

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Frequently asked questions

Is CSCO stock a buy?

Torvanta does not tell individuals what to buy. Its grades for CSCO are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is CSCO's P/E ratio?

CSCO trades at about 33.8 times its last 12 months of GAAP earnings reported to the SEC, and about 28.4 times Torvanta's own estimate of the next 12 months.

When does CSCO report earnings next?

Based on its filing history, Torvanta expects Cisco to report around 2026-11-11.

Does CSCO pay a dividend?

Yes. Its dividend yield is about 1.5%, and it has raised its dividend 14 years in a row.

How has CSCO performed against the S&P 500?

Over the past year CSCO returned +69.1%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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