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Jul 29, 2023
Cisco Q4 2023 Earnings Report
Cisco's Q4 earnings exceeded expectations, driven by strong growth in revenue and EPS.
Key Takeaways
Cisco reported a strong Q4 with revenue of $15.2 billion, up 16% year over year, and GAAP EPS of $0.97, up 43% year over year. Non-GAAP EPS was $1.14, up 37% year over year. The company saw solid customer demand and progress on business model transformation.
Q4 revenue reached $15.2 billion, a 16% increase year over year.
GAAP EPS increased by 43% year over year to $0.97.
Non-GAAP EPS rose by 37% year over year to $1.14.
Operating cash flow for Q4 was $6.0 billion, up 62% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cisco provided guidance for Q1 FY 2024 with revenue expected to be between $14.5 billion and $14.7 billion and non-GAAP EPS between $1.02 and $1.04. For FY 2024, revenue is expected to be between $57.0 billion and $58.2 billion and non-GAAP EPS between $4.01 and $4.08.
Positive Outlook
- Revenue for Q1 FY 2024 is projected to be $14.5 billion - $14.7 billion.
- Non-GAAP gross margin rate for Q1 FY 2024 is expected to be 65% - 66%.
- Non-GAAP operating margin rate for Q1 FY 2024 is anticipated to be 34% - 35%.
- Non-GAAP EPS for Q1 FY 2024 is forecasted to be $1.02 - $1.04.
- Revenue for FY 2024 is expected to be $57.0 billion - $58.2 billion.
Challenges Ahead
- GAAP EPS for Q1 FY 2024 is estimated to be $0.79 to $0.84.
- Guidance does not include effects of future acquisitions/divestitures.
- Guidance excludes asset impairments.
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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