Cisco Systems (CSCO) Research & Development (2009 - 2026)
Cisco Systems' Research & Development was $2.43 billion in fiscal Q4 2026 (quarter ended Jul 25, 2026), up 2.1% from $2.38 billion a year earlier and up 2.3% from the prior quarter.
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Analysis
Cisco Systems (CSCO) Research & Development (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 25, 2026), Research & Development at Cisco Systems came in at $9.56 billion, up 2.8% from FY2025.
- Research & Development has now increased for six consecutive fiscal years, with a five-year compound annual growth rate of 7.9% (FY2021 to FY2026).
- In earlier fiscal years, Research & Development was $9.3 billion in FY2025 (+16.5%), $7.98 billion in FY2024 (+5.7%), $7.55 billion in FY2023 (+11.5%) and $6.77 billion in FY2022 (+3.4%).
- The fiscal Q4 2026 figure marks the highest quarterly Research & Development in data going back to fiscal Q2 2009.
- Compared with a year earlier, Research & Development has increased for nine straight quarters, with growth averaging 9.8% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was fiscal Q3 2025 (growth of 19.9%); the worst was fiscal Q4 2022 (a decline of 1.8%).
- Per Business Quant data, CSCO's Research & Development in the three fiscal quarters before Q4 2026 was $2.38 billion (Q3 2026), $2.36 billion (Q2 2026) and $2.4 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,023.53 Bn | 4,771.02 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 434.59 Bn | 370.52 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 303.32 Bn | 259.08 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 233.08 Bn | 186.53 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 204.99 Bn | 193.51 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 151.41 Bn | 146.40 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Sony | 147.67 Bn | 84.93 Bn | 6.53 Bn | - |
| 8 | Western Digital | 122.89 Bn | 111.02 Bn | 2.03 Bn | 284.00 Mn |
| 9 | Hewlett Packard Enterprise | 78.34 Bn | 56.22 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Lumentum Holdings | 64.86 Bn | 56.67 Bn | 477.30 Mn | 104.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 25, 2026 | 2.43 Bn |
| Apr 25, 2026 | 2.38 Bn |
| Jan 24, 2026 | 2.36 Bn |
| Oct 25, 2025 | 2.40 Bn |
| Jul 26, 2025 | 2.38 Bn |
| Apr 26, 2025 | 2.34 Bn |
| Jan 25, 2025 | 2.30 Bn |
| Oct 26, 2024 | 2.29 Bn |
| Jul 27, 2024 | 2.18 Bn |
| Apr 27, 2024 | 1.95 Bn |
| Jan 27, 2024 | 1.94 Bn |
| Oct 28, 2023 | 1.91 Bn |
| Jul 29, 2023 | 1.95 Bn |
| Apr 29, 2023 | 1.96 Bn |
| Jan 28, 2023 | 1.86 Bn |
| Oct 29, 2022 | 1.78 Bn |
| Jul 30, 2022 | 1.68 Bn |
| Apr 30, 2022 | 1.71 Bn |
| Jan 29, 2022 | 1.67 Bn |
| Oct 30, 2021 | 1.71 Bn |
API Access
Cisco Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CSCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CSCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CSCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();