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Standing Risk Factors

  • Unaccrued Loss Contingency (unchanged) — Filing discloses a $969 million contingency (loss "unable to reasonably estimate a range"; unable to estimate a range) that is not accrued. laims by the tax authorities from the state of Sao Paulo are for calendar years 2005 through 2007. The total remaining asserted claims by Brazilian state and federal tax authorities aggregate to $153 million for the alleged evasion of import and other taxes, $969 million for inte
NASDAQ: CSCO CISCO SYSTEMS, INC. 10-K

Cisco FY26 revenue up 11.8% to $63.3B, net income up 30.3% to $13.3B, EPS $3.33

Filed September 2, 2026 · Period ending July 25, 2026 · Compared to 10-K Sep 3, 2025 · ~1 min read

Key Changes

  • high

    Unaccrued contingency of $969 million: filing states a loss is "unable to reasonably estimate a range" and management is unable to estimate a range — nothing is accrued.

  • high

    AI infrastructure revenue from hyperscalers expected to reach ~6% of total revenue, up from under 2% in FY25, and is expected to remain a significant driver in FY27.

    MD&A: AI infrastructure demand verify on EDGAR →
  • high

    Operating margin improved 3.5 percentage points to 24.3%, driven by revenue growth and operating leverage despite lower gross margin.

    MD&A: Operating margin verify on EDGAR →

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify