Cisco Systems stock holds after fiscal 2025 growth
Published on 07/22/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cisco Systems Inc. (US17275R1023) tied its latest reported year to $56.7 billion in revenue and non-GAAP earnings of $3.66 a share in fiscal 2025, while annual orders rose 9% and free cash flow reached $14.5 billion. The company also said product orders increased 7% in the fourth quarter of fiscal 2025, giving Cisco Systems stock a fresh fundamental anchor even without a new company-specific catalyst in the search results.
Fiscal 2025 still matters
The latest full-year numbers show why Cisco remains a large-cap networking name: fiscal 2025 revenue was $56.7 billion, gross margin was 65.1%, and operating cash flow was $15.5 billion. Net income came to $10.1 billion and non-GAAP EPS reached $3.66, up from $3.58 in fiscal 2024.
That comparison is the key point for investors following Cisco Systems stock. Revenue rose from $53.8 billion in fiscal 2024 to $56.7 billion in fiscal 2025, while annual free cash flow increased from $13.6 billion to $14.5 billion.
Orders and cash flow
Cisco said annual orders were up 9% in fiscal 2025, and product orders advanced 7% in the fourth quarter. Security revenue for the year was $4.4 billion, while the observability and collaboration categories remained part of the mix that supports recurring software and services revenue.
The cash generation profile remains the other major support. Cisco produced $15.5 billion of operating cash flow in fiscal 2025 and ended the year with $14.5 billion of free cash flow, figures that continue to frame the stock as a mature cash generator rather than a high-growth story.
Margin at 65.1%
Gross margin at 65.1% in fiscal 2025 gives Cisco room to absorb hardware pressure and still fund buybacks and dividends. The company also reported non-GAAP gross margin of 67.5%, a useful indicator of how software and subscription revenue is helping the mix.
For the market, the margin profile matters as much as the headline revenue number. A business that can keep revenue above $56 billion while holding gross margin above 65% is still producing a durable earnings base.
Cisco fiscal 2025 numbers in one place
A quick route to the latest reported year, with revenue, earnings, cash flow, and margin all in one view.
Networking products remain central
The product side still begins with Cisco’s networking hardware, which underpins the company’s largest revenue pool. In fiscal 2025, the networking segment remained the core commercial engine, even as Cisco continued to push more recurring software and security revenue into the mix.
That product base is important because it connects the company’s order growth to its revenue profile. Product orders up 7% in the fourth quarter and annual orders up 9% suggest the installed-base model is still doing the heavy lifting behind Cisco Systems stock.
No fresh quote, still a market cap story
The company’s latest reported financial year gives the stock a clear frame even without a fresh quote in the current search results. Cisco’s scale, at $56.7 billion in revenue and $14.5 billion in free cash flow in fiscal 2025, remains the main valuation reference point.
The market-cap line, price line, and next earnings date are omitted here because the available search results centered on the annual report figures rather than a live quote page. The body instead uses the latest evidenced business metrics that are directly tied to Cisco Systems stock.
Cisco Systems Inc. key data
- Company: Cisco Systems Inc.
- ISIN: US17275R1023
- Ticker: NASDAQ: CSCO
- Trading venue: NASDAQ
- Sector / Industry: Information Technology / Communications Equipment
- Index membership: S&P 500
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