Cisco Systems (CSCO) Gross Margin (2009 - 2026)
Cisco Systems (CSCO) posted Gross Margin of 63.63% for Q2 2026, down 2.06% sequentially from 64.97% in Q1 2026, and down 194.0% YoY from 67.69% in Q2 2025.
Cisco Systems (CSCO) Gross Margin (2009 - 2026) Analysis & Trends
Cisco Systems has reported Gross Margin for 18 years, with the latest figure at 63.63% in Q2 2026.
- Quarterly Gross Margin fell 194.0% year-over-year to 63.63% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 64.33% (down 92.0% YoY) and the FY2025 annual result came in at 64.94%, up 21.0% from the prior year.
- Gross Margin fell to 63.63% in Q2 2026 per CSCO's latest filing, from 64.97% in the prior quarter.
- Over five years, Gross Margin peaked at 65.9% in Q4 2024 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 232 bps in 2022, then jumped 393 bps in 2023.
- Over 5 years, Gross Margin stood at 61.22% in 2022, then climbed by 6 bps to 65.16% in 2023, then gained by 1 bps to 65.9% in 2024, then retreated by 1 bps to 65.48% in 2025, then dropped by 3 bps to 63.63% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.63%, 64.97%, and 65.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 63.63% |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 36.87% |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 53.56% |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 44.16% |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | 144,416.67% |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 44.03% |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 47.03% |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 45.78% |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 28.93% |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 52.99% |
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% |