Cisco Systems (CSCO) Research & Development (2009 - 2026)
Cisco Systems' (CSCO) quarterly Research & Development came in at $3.0 billion in Q3 2026, up 4.76% year-over-year from $2.8 billion in Q3 2025, and up 3.4% quarter-over-quarter from $2.9 billion in Q2 2026.
Analysis
Cisco Systems (CSCO) Research & Development (2009 - 2026) Analysis & Trends
Cisco Systems has disclosed Research & Development across 18 years of filings, most recently posting $3.0 billion for Q3 2026.
- In Q3 2026, Research & Development rose 4.76% year-over-year to $3.0 billion; the TTM figure through Jul 2026 stood at $11.6 billion (up 5.41% YoY), while the FY2026 annual figure was $11.6 billion, up 5.41% from the prior year.
- Research & Development came in at $3.0 billion for Q3 2026 at Cisco Systems, up from $2.9 billion in the prior quarter.
- In the past five years, Research & Development ranged from a high of $3.0 billion in Q3 2026 to a low of $2.2 billion in Q2 2022.
- Average Research & Development over 5 years is $2.6 billion, with a median of $2.6 billion recorded in 2023.
- Year-over-year, Research & Development dropped 4.66% in 2022 and advanced 14.35% in 2023.
- Over 5 years, Research & Development stood at $2.4 billion in 2022, then rose by 4.81% to $2.5 billion in 2023, then gained by 9.82% to $2.8 billion in 2024, then grew by 4.32% to $2.9 billion in 2025, then rose by 2.82% to $3.0 billion in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $3.0 billion in Q3 2026, $2.9 billion in Q2 2026, and $2.9 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 430.90 Bn | 415.39 Bn | 11.06 Bn | 2.95 Bn |
| 2 | Ciena | 45.56 Bn | 42.93 Bn | 759.27 Mn | 236.67 Mn |
| 3 | Ubiquiti | 35.05 Bn | 34.43 Bn | 429.25 Mn | 52.96 Mn |
| 4 | Ericsson Lm Telephone | 34.05 Bn | 14.63 Bn | 2.58 Bn | -1.12 Bn |
| 5 | Applied Optoelectronics | 8.91 Bn | 8.41 Bn | 53.21 Mn | 34.87 Mn |
| 6 | Amdocs | 6.75 Bn | 6.58 Bn | 467.16 Mn | 86.37 Mn |
| 7 | Extreme Networks | 2.85 Bn | 2.64 Bn | 210.49 Mn | 97.01 Mn |
| 8 | Digi International | 2.63 Bn | 2.60 Bn | 89.93 Mn | 29.06 Mn |
| 9 | Nextnav | 2.54 Bn | 2.54 Bn | -905,000.00 | 5.46 Mn |
| 10 | Calix | 2.26 Bn | 2.07 Bn | 160.12 Mn | 62.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 25, 2026 | 2.95 Bn |
| Apr 25, 2026 | 2.86 Bn |
| Jan 24, 2026 | 2.88 Bn |
| Oct 25, 2025 | 2.87 Bn |
| Jul 26, 2025 | 2.82 Bn |
| Apr 26, 2025 | 2.72 Bn |
| Jan 25, 2025 | 2.67 Bn |
| Oct 26, 2024 | 2.75 Bn |
| Jul 27, 2024 | 2.84 Bn |
| Apr 27, 2024 | 2.56 Bn |
| Jan 27, 2024 | 2.46 Bn |
| Oct 28, 2023 | 2.51 Bn |
| Jul 29, 2023 | 2.58 Bn |
| Apr 29, 2023 | 2.53 Bn |
| Jan 28, 2023 | 2.38 Bn |
| Oct 29, 2022 | 2.39 Bn |
| Jul 30, 2022 | 2.35 Bn |
| Apr 30, 2022 | 2.21 Bn |
| Jan 29, 2022 | 2.27 Bn |
| Oct 30, 2021 | 2.26 Bn |