Cisco reported a strong Q3 FY2025 performance, with total revenue reaching $14.1 billion—an 11% increase year-over-year—driven by surging demand for AI infrastructure and networking solutions. The company took in more than $600 million in AI infrastructure orders from webscale customers, surpassing its $1 billion full-year target one quarter early. Product orders rose 20% YoY, or 9% excluding the impact of the Splunk acquisition, with growth across all geographies and customer segments.
GAAP net income grew 32% to $2.5 billion, or $0.62 per share, while non-GAAP net income increased 8% to $3.8 billion, or $0.96 per share—both above the high end of guidance. Cisco cited strong performance in its Security (+54%), Observability (+24%), and Networking (+8%) segments. Geographically, revenue grew 14% in the Americas, 8% in EMEA, and 9% in APJC. Gross margins and operating income also improved, with Cisco maintaining solid financial discipline and returning $3.1 billion to shareholders during the quarter.
Looking ahead, Cisco forecasts Q4 FY2025 revenue of $14.5–$14.7 billion and non-GAAP EPS of $0.96–$0.98. For the full fiscal year, the company expects revenue between $56.5–$56.7 billion and non-GAAP EPS of $3.77–$3.79. CEO Chuck Robbins highlighted the company’s growing momentum in AI, powered by its secure networking portfolio and strong ecosystem partnerships: “Our innovation positions us well for future growth.”
- Q3 FY25 revenue reached $14.1B, up 11% YoY and above guidance.
- Cisco secured over $600M in AI infrastructure orders from hyperscalers—exceeding its $1B goal a quarter early.
- Non-GAAP EPS of $0.96 and GAAP EPS of $0.62, up 9% and 35% YoY respectively.
- Strong YoY product order growth: +20% overall; +9% excluding Splunk.
- Security (+54%), Observability (+24%), and Networking (+8%) led product segment growth.
- Cisco returned $3.1B to shareholders through dividends and stock buybacks.
- Q4 revenue guidance: $14.5–$14.7B; FY25 non-GAAP EPS guidance: $3.77–$3.79.
