Cisco Systems, Inc. (CSCO) - Form 8-K Summary
Business Context and Reporting Period
Cisco Systems, Inc. filed this Current Report on Form 8-K on November 12, 2025, to announce its results of operations for the fiscal first quarter of 2026, which ended on October 25, 2025. The filing serves as a notification of the earnings release and includes a press release as Exhibit 99.1.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It explicitly states that detailed financial results, including both GAAP and non-GAAP measures (such as non-GAAP net income, gross margins, operating income, and EPS), are contained within the attached press release (Exhibit 99.1) rather than the body of this Form 8-K.
Material Changes and Non-GAAP Adjustments
While specific period-over-period changes are not detailed in this text, the filing outlines the company's methodology for non-GAAP financial measures. Cisco excludes the following items from its non-GAAP calculations to reflect ongoing operating results:
- Share-based compensation expense.
- Amortization of acquisition-related intangible assets.
- Acquisition-related and divestiture costs.
- Significant asset impairments and restructurings.
- Significant litigation settlements and other contingencies.
- Gains and losses on investments.
- Income tax effects of the foregoing items and significant tax matters.
Guidance, Outlook, and Risks
The filing notes that the accompanying exhibit includes future estimated ranges for gross margin, operating margin, tax provision rate, and EPS on a non-GAAP basis. Management utilizes these non-GAAP measures for internal budgeting and to evaluate financial trends. The company cautions that these measures have limitations, do not reflect all amounts associated with operations under GAAP, and should be used in conjunction with GAAP measures. Future periods may include share-based compensation, amortization, and potential impairments or restructuring charges.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 FY2026 revenue, net income, and EPS figures.
- Verify the specific non-GAAP guidance ranges for gross margin, operating margin, and EPS provided in the press release.
- Compare GAAP versus non-GAAP results to understand the impact of excluded items such as share-based compensation and acquisition amortization.
- Assess any disclosed significant litigation settlements or tax matters that may affect future periods.