earnings
confidence high
sentiment neutral
materiality 0.70
Cisco Q3 revenue flat at $12.8B, EPS up 7%; Q4 guidance implies revenue decline
CISCO SYSTEMS, INC.
2022-Q3 EPS reported
$2.14
revenue$38,455,000,000
- Q3 revenue $12.8B flat YoY; GAAP EPS $0.73 (+7%), non-GAAP EPS $0.87 (+5%).
- Product orders up 8% YoY; total ARR $22.4B (+11% YoY); product backlog >$15B.
- Q4 guidance: revenue down 1%-5.5% YoY; non-GAAP EPS $0.76-$0.84 (vs Q3 $0.87).
- FY2022 revenue growth guidance 2%-3% (vs prior implied higher?); non-GAAP EPS $3.29-$3.37.
- China lockdowns and Ukraine war negatively impacted Q3 revenue by ~$200M.