Cisco (CSCO) Q3 FY25 earnings call

Earnings call· Apr 2025 (Q3 FY25)· Information Technology· May 14, 2025

Source: earnings call transcript

Cisco delivered a strong Q3 FY25, exceeding revenue and EPS guidance, driven by robust AI Infrastructure orders from webscale customers and solid product order growth. The company is actively expanding its AI strategy through key partnerships and investments, while also navigating executive transitions and the evolving landscape of tariffs. Management remains confident in its innovation pipeline and ability to capitalize on AI opportunities across various customer segments.

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CSCO operating KPIs by quarter

CSCO operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Jan 2025 Q2 FY25	This call Apr 2025 Q3 FY25	Jul 2025 Q4 FY25	Oct 2025 Q1 FY26	Jan 2026 Q2 FY26	Apr 2026 Q3 FY26	Jul 2026 Q4 FY26	Change vs prior quarter
Annual recurring revenue (ARR)	$30.1B Total ARR ended the quarter at $30.1 billion, an increase of 22% with product ARR growth of 41%. Source: earnings call transcript	$30.6B Total ARR ended the quarter at $30.6 billion, an increase of 5% with product ARR growth of 8%. Source: earnings call transcript	$31.1B Total ARR ended the quarter at $31.1 billion, an increase of 5% with product ARR growth of 8%. Source: earnings call transcript	$31.4B Total ARR ended the quarter at $31.4 billion, an increase of 5%, with product ARR growth of 7%. Source: earnings call transcript	$31B Total ARR ended the quarter at $31 billion, an increase of 3% with product ARR growth of 6%. Source: earnings call transcript	$31.2B Total ARR ended the quarter at $31.2 billion, an increase of 2%, with product ARR growth of 4%. Source: earnings call transcript	$32.1B Total ARR ended the quarter at $32.1 billion, an increase of 3%, with product ARR growth of 5%. Source: earnings call transcript	+2.9%
Remaining performance obligation (RPO)	$41.3B And total RPO was $41.3 billion, up 16%, product RPO grew 25%, and total short-term RPO was up 17% to $21 billion. Source: earnings call transcript	$41.7B Total RPO was $41.7 billion, up 7%. Source: earnings call transcript	$43.5B Total RPO was $43.5 billion, up 6% and Product RPO grew 8%, and total short-term RPO was $21.7 billion, up 4%. Source: earnings call transcript	$42.9B Total RPO was $42.9 billion, up 7%. Source: earnings call transcript	$43.4B Total RPO was $43.4 billion, up 5%. Source: earnings call transcript	$43.5B Total RPO was $43.5 billion, up 4%. Source: earnings call transcript	$46.7B Total RPO was $46.7 billion, up 7%, with product RPO up 9%. Source: earnings call transcript	+7.4%
Remaining performance obligation (RPO) Short-term	$21B And total RPO was $41.3 billion, up 16%, product RPO grew 25%, and total short-term RPO was up 17% to $21 billion. Source: earnings call transcript	$21.1B And total short-term RPO and was $21.1 billion, up 5%. Source: earnings call transcript	$21.7B Total RPO was $43.5 billion, up 6% and Product RPO grew 8%, and total short-term RPO was $21.7 billion, up 4%. Source: earnings call transcript	—	—	—	—	+2.8%
Remaining performance obligation (RPO) Product Long-term	—	—	—	$11.8B Product RPO grew 10%, of which the long-term portion was $11.8 billion, up 13%. Source: earnings call transcript	$11.8B Product RPO grew 8%, of which the long-term portion was $11.8 billion, up 11%. Source: earnings call transcript	—	—	0%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.