Cisco Systems Inc delivered a solid QQ4 2025 performance with annualized support from enterprise networking demand. Revenue for the quarter totaled $14.673 billion, up 6.01% from the prior-year period, while gross profit reached $9.28 billion and the gross margin stood at 63.2%. Operating income of $3.087 billion generated an operating margin of 21.0%, and diluted earnings per share (EPS) were $0.71, up 4.4% year over year. Net income declined modestly by 5.9% despite the revenue expansion, reflecting higher other expenses and tax effects that moderated bottom-line growth. Free cash flow (FCF) amounted to $4.02 billion, underpinned by operating cash flow of $4.234 billion and modest capital expenditures of $0.217 billion. The company returned capital to shareholders via dividends of $1.625 billion and stock repurchases of $1.564 billion, contributing to a net cash outflow from financing of $3.949 billion and a slight decline in cash to $8.91 billion at quarter-end. Cisco retains a strong balance sheet, with total assets of $122.56 billion and stockholders’ equity of $47.12 billion, supported by a robust cash position and solid liquidity metrics (current ratio ~1.0, cash ratio 0.27). In a mature networking market, the results demonstrate resilience and a measured improvement in profitability, while the software and security transition remains a key driver of longer-term value creation.