{
  "url": "https://struct.news/briefs/cisco-grew-profit-30-operating-cash-flow-barely-moved",
  "title": "Cisco grew profit 30%. Operating cash flow barely moved.",
  "summary": "Operating cash flow held at $14.2B as Cisco’s annual revenue rose 11.8%, with inventory up 80%.",
  "published_at": "2026-09-02T20:47:12.157751+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Cisco Systems, Inc.",
    "ticker": "CSCO",
    "cik": "858877",
    "sector": "Technology",
    "industry": "Communication Equipment"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-09-02",
    "accession": "0000858877-26-000132",
    "url": "https://www.sec.gov/Archives/edgar/data/858877/000085887726000132/csco-20260725.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-09-03",
    "url": "https://www.sec.gov/Archives/edgar/data/858877/000085887725000111/csco-20250726.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 56654000000,
      "display": "$56.7B",
      "unit": "usd",
      "period": "2025-07-26",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0000858877-26-000132",
        "filing_date": "2026-09-02"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 5.298961024478199,
      "display": "+5.3%",
      "unit": "percent",
      "period": "2025-07-26",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0000858877-26-000132",
        "filing_date": "2026-09-02"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 20.757581106364952,
      "display": "+20.8%",
      "unit": "percent",
      "period": "2025-07-26",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0000858877-26-000132",
        "filing_date": "2026-09-02"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Interest expense decreased because Cisco carried a lower average debt balance and paid lower effective commercial-paper rates.",
      "importance": "medium",
      "evidence": "The decrease in interest expense was driven by a lower average balance of debt outstanding and lower effective interest rates on commercial paper.",
      "source_date": "2026-09-02"
    },
    {
      "type": "demand",
      "statement": "Cisco attributed double-digit growth to Service Provider Routing, AI Infrastructure solutions, and several switching and routing lines.",
      "importance": "medium",
      "evidence": "The increase was primarily driven by double digit revenue growth in Service Provider Routing, particularly within our AI Infrastructure solutions, Data Center Switching, Campus Switching, Wireless and Enterprise Routing.",
      "source_date": "2026-09-02"
    },
    {
      "type": "pricing",
      "statement": "Pricing actions partly offset product mix and memory-cost pressure in product gross margin.",
      "importance": "medium",
      "evidence": "partially offset by productivity improvements, pricing actions, lower amortization of purchased intangible assets",
      "source_date": "2026-09-02"
    }
  ],
  "related_tickers": [
    "CSCO"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}