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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.
Cisco
Cisco
Cisco Revenue by Segment
Cisco Revenue by Geographic Location
Revenue by Segment
Networking Revenue
CapyFin.comSecurity Revenue
CapyFin.comCollaboration Revenue
CapyFin.comObservability Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPJC Revenue
CapyFin.com 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.
- The guidance does not include the effects of asset impairments.
- The guidance does not include the effects of restructurings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income