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 April 27, 2024

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 May 16, 2024: 4,028,814,776


Cisco Systems, Inc.

Form 10-Q for the Quarter Ended April 27, 2024

INDEX

Page
Part IFinancial Information3
Item 1.Financial Statements (Unaudited)3
Consolidated Balance Sheets at April 27, 2024 and July 29, 20233
Consolidated Statements of Operations for the Three and Nine Months Ended April 27, 2024 and April 29, 20234
Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended April 27, 2024 and April 29, 20235
Consolidated Statements of Cash Flows for the Nine Months Ended April 27, 2024 and April 29, 20236
Consolidated Statements of Equity for the Three and Nine Months Ended April 27, 2024 and April 29, 20237
Notes to Consolidated Financial Statements9
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations41
Item 3.Quantitative and Qualitative Disclosures About Market Risk62
Item 4.Controls and Procedures63
Part II.Other Information63
Item 1.Legal Proceedings63
Item 1A.Risk Factors64
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities80
Item 3.Defaults Upon Senior Securities80
Item 4.Mine Safety Disclosures80
Item 5.Other Information81
Item 6.Exhibits82
Signature83

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements (Unaudited)