Cisco reported total revenue of USD 15.36 billion for the second quarter (Q2) ended January 24, 2026, with a 9% increase in total revenue for the half year $(HY)$, driven by a 12% rise in product revenue while services revenue remained flat. Gross margin for the HY decreased by 0.3 percentage points, mainly due to negative impacts from product mix and pricing, partially offset by productivity improvements and lower amortization of purchased intangibles. Cisco highlighted ongoing investments in key priority areas and continued innovation across its technology portfolio to support customer digital transformations and long-term profitable growth.

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