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Jul 30, 2022
Cisco Q4 2022 Earnings Report
Cisco's Q4 performance led to a strong end to fiscal year 2022, with revenue flat year-over-year and EPS decreasing slightly.
Key Takeaways
Cisco reported Q4 revenue of $13.1 billion, flat year-over-year. GAAP EPS was $0.68, a decrease of 4%, and non-GAAP EPS was $0.83, a decrease of 1%. The company's full-year product orders and backlog are at record highs, reflecting strong demand.
Q4 revenue was $13.1 billion, flat year over year.
GAAP EPS was $0.68, a decrease of 4% year over year.
Non-GAAP EPS was $0.83, a decrease of 1% year over year.
Full year product orders and backlog are at record highs.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cisco provided guidance for Q1 FY 2023, expecting revenue growth of 2% to 4% year over year and non-GAAP EPS of $0.82 to $0.84. For FY 2023, they anticipate revenue growth of 4% to 6% and non-GAAP EPS of $3.49 to $3.56.
Positive Outlook
- Revenue: 2% - 4% growth Y/Y
- Non-GAAP gross margin rate 63% - 64%
- Non-GAAP operating margin rate 31.5% - 32.5%
- Non-GAAP EPS $0.82 - $0.84
- Revenue: 4% - 6% growth Y/Y
Challenges Ahead
- Significant supply constraints
- Changes in customer order patterns or customer mix
- Insufficient, excess or obsolete inventory
- Variability of component costs
- Our ability to manage financial risk, and to manage expenses during economic downturns
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
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