Loading...
•
Apr 30, 2022
Cisco Q3 2022 Earnings Report
Cisco's Q3 2022 earnings were reported, showing flat revenue and increased EPS.
Key Takeaways
Cisco reported flat revenue of $12.8 billion year over year. GAAP EPS increased by 7% to $0.73, and Non-GAAP EPS increased by 5% to $0.87. The company saw solid demand with product order growth up 8% year over year and progress on business model transformation with total Annualized Recurring Revenue (ARR) at $22.4 billion, up 11% year over year.
Revenue was flat at $12.8 billion year over year.
GAAP EPS increased 7% year over year to $0.73.
Non-GAAP EPS increased 5% year over year to $0.87.
Product order growth was up 8% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cisco expects a revenue decline of (1)% to (5.5)% year over year for Q4 FY 2022. Non-GAAP EPS is expected to be between $0.76 and $0.84. For the full fiscal year 2022, revenue is expected to grow by 2% to 3%, with Non-GAAP EPS between $3.29 and $3.37.
Positive Outlook
- Non-GAAP gross margin rate is expected to be 64% - 65% for Q4 FY 2022.
- Non-GAAP operating margin rate is expected to be 31.5% - 33.5% for Q4 FY 2022.
- Full year revenue is expected to grow by 2% to 3%.
- Q4 FY22 Non-GAAP EPS to be between $0.76 and $0.84.
- Full year Non-GAAP EPS is expected to be between $3.29 and $3.37.
Challenges Ahead
- Revenue is expected to decline by (1)% to (5.5)% year over year for Q4 FY 2022.
- GAAP EPS is estimated to be $0.60 to $0.70 for the fourth quarter of fiscal 2022.
- The guidance does not include the effects of any future acquisitions/divestitures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...