---
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"
generated_at: "2026-06-06T02:52:54.034703+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cisco Q2 rev $12.8B (-6% YoY); GAAP EPS $0.65; announces 5% workforce cut, $800M charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-036201
- JSON: https://secwatch.observer/filing/0001193125-24-036201.json
- Plain text: https://secwatch.observer/filing/0001193125-24-036201.txt

## Key facts
- Earnings Releases
  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.
  - Period: its fiscal second quarter 2024 ended January 27, 2024
  - Revenue: $12.8 billion
  - Net income: $2.6 billion
  - EPS: $0.65
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/0001193125-24-036201-index.htm
- Restructurings & Charges
  CISCO SYSTEMS, INC. announced a restructuring with charges of approximately $800 million (approximately 5 percent of Cisco’s global workforce).
  - Type: restructuring
  - Charge: approximately $800 million
  - Headcount: approximately 5 percent of Cisco’s global workforce
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/858877/000119312524036201/0001193125-24-036201-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.