Financials Cisco Systems, Inc.

Equities

CSCO

US17275R1023

Communications & Networking

Market Closed - Nasdaq Other stock markets 16:00:00 2026-01-21 EST			After hours 16:26:51
73.69 ^USD	+0.46%		74.44	+1.02%

04:20pm	Egain Corporation Announces Ai Agent for Cisco Webex Contact Center to Deliver Ai-Powered Knowledge At the Point of Service	CI
01-20	Georgetown University Selects Cisco to Transform Campus Connectivity	CI

Projected Income Statement: Cisco Systems, Inc.

Fiscal Period: July	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	49,818	51,557	56,998	53,803	56,654	60,738	63,947	67,059
Change	-	3.49%	10.55%	-5.61%	5.3%	7.21%	5.28%	4.87%
EBITDA ¹	18,564	19,302	20,797	20,884	22,302	23,462	24,936	25,733
Change	-	3.98%	7.75%	0.42%	6.79%	5.2%	6.28%	3.2%
EBIT ¹	16,702	17,345	19,071	18,377	19,491	20,903	22,316	23,561
Change	-	3.85%	9.95%	-3.64%	6.06%	7.25%	6.76%	5.58%
Interest Paid ¹	-434	-360	-427	-1,006	-1,593	-550.1	-617.6	-569.4
Earnings before Tax (EBT) ¹	13,262	14,477	15,318	12,234	11,455	14,250	16,136	17,659
Change	-	9.16%	5.81%	-20.13%	-6.37%	24.4%	13.24%	9.44%
Net income ¹	10,591	11,812	12,613	10,320	10,453	11,626	13,104	14,472
Change	-	11.53%	6.78%	-18.18%	1.29%	11.22%	12.72%	10.44%
Announcement Date	8/18/21	8/17/22	8/16/23	8/14/24	8/13/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: July	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	11,960	12,803	13,126	12,900	12,720	12,835	13,102	13,632	13,592	14,571	15,203	14,668	12,791	12,702	13,642	13,841	13,991	14,149	14,673	14,883	15,115	15,194	15,590	15,618	15,742	15,947	16,466	16,415
Change	-	7.05%	2.52%	-1.72%	-1.4%	0.9%	2.08%	4.05%	-0.29%	7.2%	4.34%	-3.52%	-12.8%	-0.7%	7.4%	1.46%	1.08%	1.13%	3.7%	1.43%	1.56%	0.53%	2.61%	0.18%	0.79%	1.3%	3.26%	-0.31%
EBITDA ¹	4,545	4,783	4,884	4,823	4,880	4,930	4,669	4,753	4,852	5,392	5,800	5,774	4,637	5,210	5,263	5,510	5,622	5,506	5,664	5,725	5,806	5,886	6,037	6,050	6,099	6,223	6,383	6,431
Change	-	5.24%	2.11%	-1.25%	1.18%	1.02%	-5.29%	1.8%	2.08%	11.13%	7.57%	-0.45%	-19.69%	12.36%	1.02%	4.69%	2.03%	-2.06%	2.87%	1.08%	1.42%	1.37%	2.58%	0.2%	0.81%	2.03%	2.57%	0.75%
EBIT ¹	4,109	4,297	4,395	4,290	4,364	4,452	4,239	4,338	4,414	4,941	5,378	5,373	4,215	4,349	4,440	4,721	4,861	4,880	5,029	5,119	5,180	5,237	5,391	5,424	5,497	5,548	5,753	5,762
Change	-	4.58%	2.28%	-2.39%	1.72%	2.02%	-4.78%	2.34%	1.75%	11.94%	8.84%	-0.09%	-21.55%	3.18%	2.09%	6.33%	2.97%	0.39%	3.05%	1.79%	1.2%	1.1%	2.93%	0.62%	1.34%	0.94%	3.69%	0.15%
Charge d'intérêts ¹	-113	-111	-98	-89	-88	-90	-93	-100	-107	-109	-111	-111	-120	-357	-418	-418	-404	-236	-368	-128	-167.7	-176.5	-146.8	-188.3	-182.3	-176.3	-169.7	-
Earnings before Tax (EBT) ¹	3,255	3,591	3,735	3,657	3,603	3,801	3,416	3,475	3,415	3,957	4,471	4,442	3,161	2,235	2,396	2,267	2,887	2,947	3,354	3,391	3,560	3,548	3,744	3,956	4,012	4,072	4,353	-
Change	-	10.32%	4.01%	-2.09%	-1.48%	5.5%	-10.13%	1.73%	-1.73%	15.87%	12.99%	-0.65%	-28.84%	-29.29%	7.2%	-5.38%	27.35%	2.08%	13.81%	1.1%	4.98%	-0.32%	5.52%	5.65%	1.42%	1.5%	6.9%	-
Net income ¹	2,545	2,863	3,009	2,980	2,973	3,044	2,815	2,670	2,773	3,212	3,958	3,638	2,634	1,886	2,162	2,711	2,428	2,491	2,823	2,860	2,899	2,823	3,028	3,106	3,193	3,150	3,394	3,373
Change	-	12.5%	5.1%	-0.96%	-0.23%	2.39%	-7.52%	-5.15%	3.86%	15.83%	23.23%	-8.08%	-27.6%	-28.4%	14.63%	25.39%	-10.44%	2.59%	13.33%	1.31%	1.35%	-2.61%	7.25%	2.57%	2.83%	-1.35%	7.73%	-0.61%
Announcement Date	2/9/21	5/19/21	8/18/21	11/17/21	2/16/22	5/18/22	8/17/22	11/16/22	2/15/23	5/17/23	8/16/23	11/15/23	2/14/24	5/15/24	8/14/24	11/13/24	2/12/25	5/14/25	8/13/25	11/12/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Cisco Systems, Inc.

Fiscal Period: July	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-12,992	-9,752	-17,755	13,108	11,983	10,371	2,828	-4,669
Change	-	24.94%	-82.07%	173.83%	-8.58%	-13.45%	-72.73%	-265.1%
Announcement Date	8/18/21	8/17/22	8/16/23	8/14/24	8/13/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Cisco Systems, Inc.

Fiscal Period: July	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	692	477	849	670	905	1,091	1,029	1,147
Change	-	-31.07%	77.99%	-21.08%	35.07%	20.53%	-5.71%	11.54%
Free Cash Flow (FCF) ¹	14,762	12,749	19,037	10,210	13,288	14,358	17,890	18,565
Change	-	-13.64%	49.32%	-46.37%	30.15%	8.05%	24.6%	3.77%
Announcement Date	8/18/21	8/17/22	8/16/23	8/14/24	8/13/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Cisco Systems, Inc.

Fiscal Period: July	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	37.26%	37.44%	36.49%	38.82%	39.37%	38.63%	38.99%	38.37%
EBIT Margin (%)	33.53%	33.64%	33.46%	34.16%	34.4%	34.42%	34.9%	35.13%
EBT Margin (%)	26.62%	28.08%	26.87%	22.74%	20.22%	23.46%	25.23%	26.33%
Net margin (%)	21.26%	22.91%	22.13%	19.18%	18.45%	19.14%	20.49%	21.58%
FCF margin (%)	29.63%	24.73%	33.4%	18.98%	23.45%	23.64%	27.98%	27.68%
FCF / Net Income (%)	139.38%	107.93%	150.93%	98.93%	127.12%	123.5%	136.52%	128.28%
Profitability
ROA	14.18%	14.72%	12.88%	9.12%	12.32%	12.06%	12.89%	13.42%
ROE	34.44%	34.78%	37.99%	22.98%	32.87%	33.13%	33.17%	33.81%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	0.63x	0.54x	0.44x	0.11x	-
Debt / Free cash flow	-	-	-	1.28x	0.9x	0.72x	0.16x	-
Capital Intensity
CAPEX / Current Assets (%)	1.39%	0.93%	1.49%	1.25%	1.6%	1.8%	1.61%	1.71%
CAPEX / EBITDA (%)	3.73%	2.47%	4.08%	3.21%	4.06%	4.65%	4.12%	4.46%
CAPEX / FCF (%)	4.69%	3.74%	4.46%	6.56%	6.81%	7.6%	5.75%	6.18%
Items per share
Cash flow per share ¹	3.648	3.155	3.391	2.678	3.55	4.056	4.855	5.283
Change	-	-13.52%	7.48%	-21.01%	32.54%	14.25%	19.7%	8.82%
Dividend per Share ¹	1.46	1.5	1.54	1.58	1.62	1.652	1.695	1.745
Change	-	2.74%	2.67%	2.6%	2.53%	2%	2.59%	2.92%
Book Value Per Share ¹	9.78	9.538	10.91	11.24	11.85	12.44	13.59	15.21
Change	-	-2.48%	14.37%	3.07%	5.4%	5.01%	9.24%	11.91%
EPS ¹	2.5	2.82	3.07	2.54	2.61	2.955	3.301	3.684
Change	-	12.8%	8.87%	-17.26%	2.76%	13.21%	11.7%	11.63%
Nbr of stocks (in thousands)	4,214,205	4,140,964	4,075,058	4,028,815	3,959,998	3,951,095	3,951,095	3,951,095
Announcement Date	8/18/21	8/17/22	8/16/23	8/14/24	8/13/25	-	-	-