Recent Updates — CSCO

On October 7, 2026, the Board of Directors appointed Girish D. Rishi, currently CEO of Cognite Holding B.V., as a new independent director on Cisco Systems' board, with his service beginning on October 9, 2026. The company has not yet assigned him to specific committees. In connection with this appointment, Mr. Rishi will receive standard non-employee director compensation, including a pro rata portion of the $105,000 annual cash retainer and an initial equity award valued at a pro rata share of $270,000 under Cisco’s 2005 Stock Incentive Plan. He has also entered into a standard indemnity agreement with the company. Cisco Systems, Inc. designs, manufactures, and sells networking hardware, software, and other related technologies.

Cisco Systems reported fiscal fourth quarter revenue of $17.3 billion, an 18% increase year-over-year, with non-GAAP EPS of $1.22, up 23%. Full-year fiscal 2026 revenue reached $63.3 billion (up 12%), and non-GAAP EPS was $4.33 (up 14%). The company declared a quarterly cash dividend of $0.42 per share, payable on October 21, 2026, to shareholders of record as of October 2, 2026. Cisco provided Q1 fiscal 2027 revenue guidance of $18.0 billion to $18.2 billion and full-year FY2027 revenue guidance of $72.2 billion to $73.4 billion. The company operates in the technology industry, designing and manufacturing networking hardware, software, and telecommunications equipment.

Cisco Systems announced a restructuring plan aimed at increasing investment in growth areas such as artificial intelligence, security, and silicon. The company expects to recognize up to $1 billion in pre-tax charges, with approximately $450 million occurring in the fourth quarter of fiscal 2026 and the remaining balance in fiscal 2027.

Cisco Systems announced that M. Victoria Wong will retire as Senior Vice President and Chief Accounting Officer on May 19, 2026, and will be succeeded by Nichlas A. Fink on May 20, 2026. Mr. Fink, the current Vice President and Corporate Controller, is expected to receive a restricted stock unit award with a grant date fair value of $500,000 in connection with his appointment.

Daniel H. Schulman will resign from Cisco's Board of Directors effective May 21, 2026, to focus on his role as CEO of Verizon. Peter A. Shimer has been appointed to the Board and Audit Committee, receiving a pro rata portion of a $105,000 annual cash retainer and an initial equity award with a grant date fair value equal to a pro rata portion of $270,000.

Cisco Systems, Inc. reported its fiscal second quarter 2026 results for the period ended January 24, 2026. The filing includes non-GAAP financial data and provides future estimated ranges for gross margin, operating margin, tax provision rate, and earnings per share.