Cover and table of contents

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Cover and table of contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 28, 2023

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-39940


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CISCO SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

Delaware77-0059951
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)

170 West Tasman Drive

San Jose, California 95134

(Address of principal executive office and zip code)

(408) 526-4000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and formal fiscal year, if changed since last report.)


Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareCSCOThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Number of shares of the registrant’s common stock outstanding as of November 16, 2023: 4,063,475,676


Cisco Systems, Inc.

Form 10-Q for the Quarter Ended October 28, 2023

INDEX

Page
Part IFinancial Information3
Item 1.Financial Statements (Unaudited)3
Consolidated Balance Sheets at October 28, 2023 and July 29, 20233
Consolidated Statements of Operations for the Three Months Ended October 28, 2023 and October 29, 20224
Consolidated Statements of Comprehensive Income for the Three Months Ended October 28, 2023 and October 29, 20225
Consolidated Statements of Cash Flows for the Three Months Ended October 28, 2023 and October 29, 20226
Consolidated Statements of Equity for the Three Months Ended October 28, 2023 and October 29, 20227
Notes to Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations38
Item 3.Quantitative and Qualitative Disclosures About Market Risk58
Item 4.Controls and Procedures59
Part II.Other Information59
Item 1.Legal Proceedings59
Item 1A.Risk Factors60
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities75
Item 3.Defaults Upon Senior Securities75
Item 4.Mine Safety Disclosures75
Item 5.Other Information75
Item 6.Exhibits76
Signature77

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements (Unaudited)