Cisco Systems (CSCO) Gross Margin (2009 - 2026)
Cisco Systems (CSCO) reported Gross Margin of 63.63% for Q2 2026, down 194.0% on a YoY basis from 67.69% in Q2 2025, and down 2.06% sequentially from 64.97% in Q1 2026.
Cisco Systems (CSCO) Gross Margin (2009 - 2026) Analysis & Trends
Cisco Systems (CSCO) has 18 years of Gross Margin data on file, last reported at 63.63% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 194.0% year-over-year to 63.63%; the trailing twelve-month figure through Apr 2026 stood at 64.33% (down 92.0% YoY), and the FY2025 full-year result was 64.94%, up 21.0% from the prior year.
- Gross Margin fell to 63.63% in Q2 2026, from 64.97% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 65.9% in Q4 2024 to a low of 61.22% in Q4 2022.
- A 5-year average of 63.96% and a median of 64.18% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 232 bps in 2022 and surged 393 bps in 2023, its largest moves.
- Tracing CSCO's Gross Margin over 5 years: stood at 61.22% in 2022, then rose by 6 bps to 65.16% in 2023, then grew by 1 bps to 65.9% in 2024, then dropped by 1 bps to 65.48% in 2025, then retreated by 3 bps to 63.63% in 2026.
- Business Quant data shows CSCO's Gross Margin at 63.63% in Q2 2026, 64.97% in Q1 2026, and 65.48% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 63.63% |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 50.18% |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | 97.81% |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 44.16% |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 43.83% |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | 144,416.67% |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 47.03% |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | 24.92% |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 49.63% |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | 3,846.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 25, 2026 | 63.63% |
| Jan 24, 2026 | 64.97% |
| Oct 25, 2025 | 65.48% |
| Jul 26, 2025 | 63.25% |
| Apr 26, 2025 | 65.57% |
| Jan 25, 2025 | 65.12% |
| Oct 26, 2024 | 65.90% |
| Jul 27, 2024 | 64.37% |
| Apr 27, 2024 | 65.13% |
| Jan 27, 2024 | 64.24% |
| Oct 28, 2023 | 65.16% |
| Jul 29, 2023 | 64.12% |
| Apr 29, 2023 | 63.36% |
| Jan 28, 2023 | 62.00% |
| Oct 29, 2022 | 61.22% |
| Jul 30, 2022 | 61.25% |
| Apr 30, 2022 | 63.27% |
| Jan 29, 2022 | 63.28% |
| Oct 30, 2021 | 62.43% |
| Jul 31, 2021 | 63.57% |