{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-036201","form_type":"8-K","ticker":"CSCO","cik":"0000858877","company_name":"CISCO SYSTEMS, INC.","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.069444+00:00","generated_at":"2026-06-06T02:52:54.034703+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cisco Q2 rev $12.8B (-6% YoY); GAAP EPS $0.65; announces 5% workforce cut, $800M charge","bullets":["Q2 revenue $12.8B down 6% YoY; GAAP EPS $0.65 (down 3%), Non-GAAP EPS $0.87 (down 1%).","Networking revenue down 12% YoY; Security +3%, Collaboration +3%, Observability +16%.","Restructuring plan eliminates ~5% of global workforce; expects ~$800M pre-tax charges, majority in Q3 FY2024.","Dividend increased to $0.40/share (+3%); payable Apr 24, 2024 to holders of record Apr 4, 2024.","Q3 FY2024 guidance: rev $12.1-12.3B, Non-GAAP EPS $0.84-0.86. FY2024 rev $51.5-52.5B, Non-GAAP EPS $3.68-3.74."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-036201","json":"https://secwatch.observer/filing/0001193125-24-036201.json","markdown":"https://secwatch.observer/filing/0001193125-24-036201.md","text":"https://secwatch.observer/filing/0001193125-24-036201.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/0001193125-24-036201-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/d719981d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:52:54.034703+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c15726b92b8ab5ea583b6bb6fcda8e48de44ab79","claim":"CISCO SYSTEMS, INC. reported its fiscal second quarter 2024 ended January 27, 2024 results: revenue $12.8 billion, net income $2.6 billion, EPS $0.65.","evidence_excerpt":"Contact: Robyn Blum Sami Badri Cisco Cisco 1 (408) 930-8548 1 (469) 420-4834 rojenkin@cisco.com sambadri@cisco.com CISCO REPORTS SECOND QUARTER EARNINGS News Summary: • $12.8 billion in revenue, down 6% year over year; GAAP EPS $0.65, down 3% year over year, and Non-GAAP EPS $0.87, down 1% year over year • Revenue growth in security, collaboration and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/0001193125-24-036201-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its fiscal second quarter 2024 ended January 27, 2024"},{"label":"Revenue","value":"$12.8 billion"},{"label":"Net income","value":"$2.6 billion"},{"label":"EPS","value":"$0.65"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3c5b49b69430615c86483c5cded32c794722d63d","claim":"CISCO SYSTEMS, INC. announced a restructuring with charges of approximately $800 million (approximately 5 percent of Cisco’s global workforce).","evidence_excerpt":"On February 14, 2024, Cisco announced a restructuring plan in order to realign the organization and enable further investment in key priority areas. This restructuring plan will impact approximately 5 percent of Cisco’s global workforce. Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of approximately $800 million consisting of severance and other one-time termination benefits and other costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/0001193125-24-036201-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $800 million"},{"label":"Headcount","value":"approximately 5 percent of Cisco’s global workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}