🔹 Revenue: $14.15B (Est. 14.05B) 🟢; UP +11% YoY
🔹 Non-GAAP EPS: $0.96 (Est. $0.92) 🟢; UP +9% YoY
🔹 Operating Cash Flow: $4.1B; UP +2% YoY
FY25 Guidance
🔹 Revenue: $56.5B–$56.7B (Prev: $56B–$56.5B) 🟢
🔹 Non-GAAP EPS: $3.77–$3.79
🔹 GAAP EPS: $2.53–$2.58
Q4 FY25 Guidance
🔹 Revenue: $14.5B–$14.7B
🔹 Non-GAAP EPS: $0.96–$0.98
🔹 GAAP EPS: $0.62–$0.67
Segment Revenue Breakdown
🔹 Networking: $7.07B; UP +8% YoY
🔹 Security: $2.01B; UP +54% YoY
🔹 Collaboration: $1.03B; UP +4% YoY
🔹 Observability: $261M; UP +24% YoY
🔹 Services: $3.78B; UP +3% YoY
Geographic Revenue
🔹 Americas: $8.38B; UP +14% YoY
🔹 EMEA: $3.74B; UP +8% YoY
🔹 APJC: $2.03B; UP +9% YoY
Margins & Operating Metrics
🔹 GAAP Gross Margin: 65.6%
🔹 Non-GAAP Gross Margin: 68.6%
🔹 GAAP Operating Income: $3.2B; UP +46% YoY
🔹 GAAP Operating Margin: 22.6%
🔹 Non-GAAP Operating Income: $4.9B; UP +12% YoY
🔹 Non-GAAP Operating Margin: 34.5%
Strategic & Operational Updates
🔸 Product orders up +20% YoY; +9% YoY excluding Splunk
🔸 AI infrastructure orders from webscale customers exceeded $600M
🔸 Declared $0.41/share quarterly dividend, payable July 23, 2025
🔸 Returned $3.1B to shareholders via buybacks and dividends
🔸 Closed acquisition of SnapAttack to expand threat detection platform
CEO & CFO Commentary
🔸 CEO Chuck Robbins: “Demand for our technologies remains strong. Our AI momentum is accelerating with trusted partnerships and secure networking.”
🔸 CFO Scott Herren: “Execution drove EPS, revenue, and margins above guidance. Strong cash flows are fueling shareholder returns.”