Cisco Systems (CSCO) Gross Margin (2009 - 2026)
Cisco Systems' (CSCO) quarterly Gross Margin came in at 63.63% in Q2 2026, down 194.0% year-on-year from 67.69% in Q2 2025, and down 2.06% quarter-over-quarter from 64.97% in Q1 2026.
Cisco Systems (CSCO) Gross Margin (2009 - 2026) Analysis & Trends
Cisco Systems has disclosed Gross Margin across 18 years of filings, most recently posting 63.63% for Q2 2026.
- Gross Margin for Q2 2026 came in at 63.63%, down 194.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 64.33% (down 92.0% YoY), and the FY2025 annual result was 64.94%, up 21.0% from the prior year.
- Gross Margin came in at 63.63% for Q2 2026 at Cisco Systems, down 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.
- The 5-year median for Gross Margin is 64.18% (2024), against an average of 63.96%.
- Across the five-year window, Gross Margin plunged 232 bps in 2022 and surged 393 bps in 2023, its largest moves.
- Cisco Systems' Gross Margin stood at 61.22% in 2022, then gained by 6 bps to 65.16% in 2023, then increased by 1 bps to 65.9% in 2024, then declined by 1 bps to 65.48% in 2025, then decreased by 3 bps to 63.63% in 2026.
- The last three Gross Margin figures came in at 63.63% (Q2 2026), 64.97% (Q1 2026), and 65.48% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 63.63% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 43.83% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 50.18% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 88.72% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 44.16% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 47.03% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -470.73% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 29.06% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 49.63% |
| 10 | Viavi Solutions | 10.76 Bn | 10.75 Bn | 234.10 Mn | 57.55% |
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% |