Form 8-K · Current Report · Filed 2026-05-13
Cisco Announces Restructuring Plan to Invest in Key Growth Opportunities
Cisco Systems, Inc. reported its third-quarter results for fiscal year 2026, showing record revenue of $15.8 billion, a 12% year-over-year increase, and non-GAAP net income of $4.2 billion, a 10% year-over-year increase. The company also announced a restructuring plan to invest in key growth opportunities including silicon, optics, security, and AI, with expected pre-tax charges of up to $1 billion. Cisco expects to recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026, with the remaining amount expected to be recognized during fiscal 2027. The company provided guidance for the fourth quarter and full year of fiscal 2026, which includes the estimated impact of tariffs based on current trade policy.
- Filer
- Cisco Systems, Inc. CSCO · NASDAQ
- Filed
- Accession
- 0000858877-26-000075
- CIK
- 0000858877
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$99.29
Next session
+16.4%
Since filing
+16.8%
Latest close
$115.99
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CSCO reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, CSCO insiders reported 42 Form 4 transactions — net selling of $13.1M.
About Cisco Systems, Inc.
Cisco Systems, Inc. is a global leader in networking and IT. The company's core business is to design and sell a range of technologies that power the internet. Cisco is renowned for its routers, switches, cybersecurity solutions, and wireless systems, which serve as the backbone for digital communication networks worldwide. The company's products and solutions are crucial for the seamless operation of data centers, enterprise networks, and telecommunication infrastructures. Cisco Systems, Inc. plays a pivotal role in connecting businesses, governments, and individuals across multiple sectors, fostering the growth of cloud computing, IoT (Internet of Things), and remote work capabilities. With a focus on innovation and sustainability, Cisco continuously develops new technologies to enhance network performance and security. Based in San Jose, California, and founded in 1984, Cisco is a respected pioneer in its field, significantly contributing to the digital transformation initiatives of organizations globally. Its expansive reach and comprehensive portfolio make it a fundamental entity in shaping how we connect and communicate.
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