[8-K] Cisco Systems, Inc. Reports Material Event
Cisco reported results for its fiscal fourth quarter and fiscal year 2025 and furnished a press release as Exhibit 99.1 summarizing those results. The filing emphasizes Cisco's use of non-GAAP financial measures alongside GAAP results and discloses that the attached exhibit includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share for the periods presented.
The exhibit also provides future estimated non-GAAP ranges for gross margin, operating margin, tax provision rate and EPS. Cisco explains the specific items it excludes from non-GAAP measures鈥攊ncluding share-based compensation, amortization of acquisition-related intangible assets, acquisition/divestiture costs, impairment and restructuring charges, significant litigation settlements and contingencies, Russia-Ukraine exit costs, gains and losses on investments, and the income tax effects or significant tax matters鈥攁nd states management uses these non-GAAP measures for budgeting and internal review. Cisco cautions non-GAAP measures are not alternatives to GAAP and may differ from measures used by other companies.
Cisco ha comunicato i risultati del quarto trimestre fiscale e dell'anno fiscale 2025 e ha allegato un comunicato stampa come Exhibit 99.1 che riassume tali risultati. La registrazione evidenzia l'utilizzo di misure finanziarie non-GAAP insieme ai risultati GAAP e specifica che l'allegato include utile netto non-GAAP, margini lordi non-GAAP, spese operative non-GAAP, reddito operativo e margine non-GAAP, aliquote fiscali effettive non-GAAP, interessi e altri proventi (oneri), netti non-GAAP e utile netto per azione non-GAAP per i periodi riportati.
L'exhibit fornisce inoltre intervalli previsionali non-GAAP per margine lordo, margine operativo, aliquota fiscale e EPS. Cisco descrive gli elementi esclusi dalle misure non-GAAP 鈥� tra cui compensi basati su azioni, ammortamento delle attivit脿 immateriali legate ad acquisizioni, costi di acquisizione/dismissione, svalutazioni e oneri di ristrutturazione, rilevanti accordi e contingenze legali, costi di uscita Russia-Ucraina, utili e perdite su investimenti e gli effetti fiscali o questioni fiscali rilevanti 鈥� e afferma che la direzione usa queste misure per il budgeting e le revisioni interne. Cisco avverte che le misure non-GAAP non sostituiscono il GAAP e possono differire da quelle adottate da altre societ脿.
Cisco inform贸 los resultados de su cuarto trimestre fiscal y del a帽o fiscal 2025 y present贸 un comunicado de prensa como Exhibit 99.1 que resume dichos resultados. El documento enfatiza el uso de medidas financieras no-GAAP junto con los resultados GAAP y detalla que el anexo incluye utilidad neta no-GAAP, m谩rgenes brutos no-GAAP, gastos operativos no-GAAP, ingreso operativo y margen no-GAAP, tasas impositivas efectivas no-GAAP, intereses y otros ingresos (p茅rdidas), neto no-GAAP y utilidad neta por acci贸n no-GAAP para los periodos presentados.
El anexo tambi茅n ofrece rangos estimados futuros no-GAAP para margen bruto, margen operativo, tasa de provisi贸n fiscal y EPS. Cisco explica los elementos que elimina de las medidas no-GAAP 鈥攊ncluyendo compensaci贸n basada en acciones, amortizaci贸n de activos intangibles relacionados con adquisiciones, costos de adquisiciones/desinversiones, deterioros y cargos por reestructuraci贸n, liquidaciones y contingencias legales significativas, costos de salida por Rusia-Ucrania, ganancias y p茅rdidas en inversiones y los efectos fiscales o asuntos fiscales relevantes鈥� y afirma que la direcci贸n utiliza estas medidas para la planificaci贸n presupuestaria y la revisi贸n interna. Cisco advierte que las medidas no-GAAP no son alternativas al GAAP y pueden diferir de las utilizadas por otras empresas.
Cisco電� 2025 須岅硠鞐半弰 4攵勱赴 氚� 鞐瓣皠 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 頃措嫻 鞁れ爜鞚� 鞖旍暯頃� 氤措弰鞛愲毳� Exhibit 99.1搿� 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖 氍胳劀電� GAAP 瓴瓣臣鞕� 頃粯 牍�-GAAP 鞛 歆�響滌潣 靷毄鞚� 臧曥“頃橂┌, 觳秬霅� 鞝勳嫓氍检棎 氤搓碃 旮瓣皠鞐� 雽�頃� 牍�-GAAP 靾滌澊鞚�, 牍�-GAAP 齑濍歆�, 牍�-GAAP 鞓侅梾牍勳毄, 牍�-GAAP 鞓侅梾鞚挫澋 氚� 毵堨, 牍�-GAAP 鞙犿毃靹胳湪, 牍�-GAAP 鞚挫瀽 氚� 旮绊儉靾橃澋(靻愳嫟) 靾滌暋, 牍�-GAAP 欤茧嫻靾滌澊鞚奠澊 韽暔霅橃柎 鞛堨潓鞚� 氚濏灆雼堧嫟.
頃措嫻 鞝勳嫓氍检潃 霕愴暅 頄ロ泟 牍�-GAAP 於旍爼 氩旍渼(齑濍歆�, 鞓侅梾毵堨, 靹胳湪 氚� EPS)毳� 鞝滉车頃╇媹雼�. Cisco電� 牍�-GAAP 靾橃箻鞐愳劀 鞝滌櫢頃橂姅 頃鞚� 甑泊鞝侅溂搿� 靹る獏頃橁碃 鞛堨溂氅� 鈥� 欤检嫕旮半皹氤挫儊, 鞚胳垬 甏�霠� 氍错槙鞛愳偘鞚� 靸侁皝, 鞚胳垬/鞛愳偘毵り皝 牍勳毄, 靻愳儊 氚� 甑“臁办爼 牍勳毄, 欷戨寑頃� 靻岇啞 頃╈潣 氚� 鞖半皽靷暛, 霟嫓鞎�-鞖绊伂霛检澊雮� 甏�霠� 觳犾垬 牍勳毄, 韴瀽靻愳澋 氚� 靹鸽 鞓來枼鞚措倶 欷戨寑頃� 靹鸽 靷晥 霌� 鈥� 瓴届榿歆勳澊 鞓堨偘韼胳劚 氚� 雮措秬 瓴�韱犾棎 鞚措煬頃� 牍�-GAAP 歆�響滊ゼ 靷毄頃滊嫟瓿� 氇呾嫓頃╇媹雼�. Cisco電� 牍�-GAAP 歆�響滉皜 GAAP鞚� 雽�觳� 靾橂嫧鞚� 鞎勲媹氅� 雼るジ 旮办梾鞚� 靷毄頃橂姅 歆�響滌檧 彀澊臧� 鞛堨潉 靾� 鞛堨潓鞚� 瓴疥碃頃╇媹雼�.
Cisco a publi茅 ses r茅sultats pour le quatri猫me trimestre fiscal et pour l'exercice 2025 et a fourni un communiqu茅 de presse en tant qu'Exhibit 99.1 r茅sumant ces r茅sultats. le d茅p么t souligne l'utilisation de mesures financi猫res non-GAAP en compl茅ment des r茅sultats GAAP et indique que la pi猫ce jointe comporte le b茅n茅fice net non-GAAP, les marges brutes non-GAAP, les charges d'exploitation non-GAAP, le r茅sultat d'exploitation et la marge non-GAAP, les taux d'imposition effectifs non-GAAP, les int茅r锚ts et autres produits (charges), nets non-GAAP, ainsi que le b茅n茅fice net par action non-GAAP pour les p茅riodes pr茅sent茅es.
La pi猫ce jointe fournit 茅galement des plages pr茅visionnelles non-GAAP pour la marge brute, la marge op茅rationnelle, le taux de provision fiscale et le BPA. Cisco explique les 茅l茅ments exclus des mesures non-GAAP 鈥� notamment la r茅mun茅ration en actions, l'amortissement des actifs incorporels li茅s aux acquisitions, les co没ts d'acquisition/cession, les d茅pr茅ciations et charges de restructuration, les r猫glements et 茅ventualit茅s juridiques significatifs, les co没ts de sortie li茅s 脿 la Russie-Ukraine, les gains et pertes sur investissements et les effets fiscaux ou questions fiscales importantes 鈥� et indique que la direction utilise ces mesures pour la budg茅tisation et le contr么le interne. Cisco pr茅cise que les mesures non-GAAP ne remplacent pas les normes GAAP et peuvent diff茅rer de celles utilis茅es par d'autres entreprises.
Cisco meldete Ergebnisse f眉r sein viertes Fiskalquartal und das Gesch盲ftsjahr 2025 und legte eine Pressemitteilung als Exhibit 99.1 vor, die diese Ergebnisse zusammenfasst. Die Einreichung betont die Nutzung von Non-GAAP-Finanzkennzahlen neben den GAAP-Ergebnissen und weist darauf hin, dass die beigef眉gte Anlage Non-GAAP-Nettogewinn, Non-GAAP-Bruttomargen, Non-GAAP-Betriebskosten, Non-GAAP-Betriebsergebnis und -marge, Non-GAAP-effektive Steuers盲tze, Non-GAAP-Zins- und sonstige Ertr盲ge (Aufwendungen), netto, sowie Non-GAAP-Ergebnis je Aktie f眉r die dargestellten Perioden enth盲lt.
Die Anlage enth盲lt zudem k眉nftige gesch盲tzte Non-GAAP-Bereiche f眉r Bruttomarge, operative Marge, Steuerrate und EPS. Cisco erl盲utert die spezifischen Posten, die aus den Non-GAAP-Kennzahlen herausgerechnet werden 鈥� darunter aktienbasierte Verg眉tung, Abschreibungen auf akquisitionsbedingte immaterielle Verm枚genswerte, Akquisitions-/Ver盲u脽erungskosten, Wertminderungen und Restrukturierungsaufwendungen, bedeutende Rechtsstreitbeilegungen und Eventualverbindlichkeiten, Kosten im Zusammenhang mit dem R眉ckzug aus Russland/Ukraine, Gewinne und Verluste aus Investitionen sowie steuerliche Effekte oder wesentliche Steuerfragen 鈥� und erkl盲rt, dass das Management diese Non-GAAP-Ma脽e f眉r Budgetierung und interne 脺berpr眉fung verwendet. Cisco weist darauf hin, dass Non-GAAP-Ma脽e keine Alternativen zu GAAP darstellen und von den von anderen Unternehmen verwendeten Kennzahlen abweichen k枚nnen.
- Press release furnished reporting fiscal Q4 and FY2025 results, signaling timely disclosure of operating results
- Detailed disclosure of non-GAAP measures and exclusions, increasing transparency about how management assesses performance
- Forward non-GAAP estimated ranges for gross margin, operating margin, tax provision rate and EPS provided in the exhibit
- 8-K text contains no GAAP financial figures; investors must consult the attached exhibit for numeric results and reconciliations
- Reliance on non-GAAP measures may reduce comparability with other companies and prior periods if exclusions change
- Non-GAAP measures may omit significant items the company could incur in future periods (impairments, litigation, tax matters)
Insights
TL;DR: Routine earnings disclosure emphasizing non-GAAP presentation and forward non-GAAP ranges, without GAAP amounts in the 8-K text.
The 8-K furnishes a press release reporting fiscal Q4 and FY25 results and highlights Cisco's methodology and philosophy on non-GAAP measures. The filing explicitly lists the non-GAAP metrics provided and the categories excluded when computing those measures, and it notes future estimated non-GAAP ranges for margin and EPS metrics. For analysts, the document is primarily useful for the disclosed non-GAAP framework and the forward non-GAAP ranges in the exhibit; however, investors must reconcile these figures to GAAP results in the accompanying press release or subsequent filings to assess comparability and magnitude.
TL;DR: Clear disclosure of non-GAAP exclusions and governance around their use; emphasizes limitations and potential variability in future adjustments.
The filing sets out a comprehensive list of items Cisco may exclude from non-GAAP measures and explains management's rationale for those exclusions, which supports transparency around internal budgeting and performance assessment. It also warns non-GAAP measures have limitations and may change over time, which is important for governance and audit committees monitoring consistency of reporting. The inclusion of future estimated non-GAAP ranges is useful, but auditors and investors should focus on how those ranges reconcile to GAAP when numbers are released in the exhibit.
Cisco ha comunicato i risultati del quarto trimestre fiscale e dell'anno fiscale 2025 e ha allegato un comunicato stampa come Exhibit 99.1 che riassume tali risultati. La registrazione evidenzia l'utilizzo di misure finanziarie non-GAAP insieme ai risultati GAAP e specifica che l'allegato include utile netto non-GAAP, margini lordi non-GAAP, spese operative non-GAAP, reddito operativo e margine non-GAAP, aliquote fiscali effettive non-GAAP, interessi e altri proventi (oneri), netti non-GAAP e utile netto per azione non-GAAP per i periodi riportati.
L'exhibit fornisce inoltre intervalli previsionali non-GAAP per margine lordo, margine operativo, aliquota fiscale e EPS. Cisco descrive gli elementi esclusi dalle misure non-GAAP 鈥� tra cui compensi basati su azioni, ammortamento delle attivit脿 immateriali legate ad acquisizioni, costi di acquisizione/dismissione, svalutazioni e oneri di ristrutturazione, rilevanti accordi e contingenze legali, costi di uscita Russia-Ucraina, utili e perdite su investimenti e gli effetti fiscali o questioni fiscali rilevanti 鈥� e afferma che la direzione usa queste misure per il budgeting e le revisioni interne. Cisco avverte che le misure non-GAAP non sostituiscono il GAAP e possono differire da quelle adottate da altre societ脿.
Cisco inform贸 los resultados de su cuarto trimestre fiscal y del a帽o fiscal 2025 y present贸 un comunicado de prensa como Exhibit 99.1 que resume dichos resultados. El documento enfatiza el uso de medidas financieras no-GAAP junto con los resultados GAAP y detalla que el anexo incluye utilidad neta no-GAAP, m谩rgenes brutos no-GAAP, gastos operativos no-GAAP, ingreso operativo y margen no-GAAP, tasas impositivas efectivas no-GAAP, intereses y otros ingresos (p茅rdidas), neto no-GAAP y utilidad neta por acci贸n no-GAAP para los periodos presentados.
El anexo tambi茅n ofrece rangos estimados futuros no-GAAP para margen bruto, margen operativo, tasa de provisi贸n fiscal y EPS. Cisco explica los elementos que elimina de las medidas no-GAAP 鈥攊ncluyendo compensaci贸n basada en acciones, amortizaci贸n de activos intangibles relacionados con adquisiciones, costos de adquisiciones/desinversiones, deterioros y cargos por reestructuraci贸n, liquidaciones y contingencias legales significativas, costos de salida por Rusia-Ucrania, ganancias y p茅rdidas en inversiones y los efectos fiscales o asuntos fiscales relevantes鈥� y afirma que la direcci贸n utiliza estas medidas para la planificaci贸n presupuestaria y la revisi贸n interna. Cisco advierte que las medidas no-GAAP no son alternativas al GAAP y pueden diferir de las utilizadas por otras empresas.
Cisco電� 2025 須岅硠鞐半弰 4攵勱赴 氚� 鞐瓣皠 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 頃措嫻 鞁れ爜鞚� 鞖旍暯頃� 氤措弰鞛愲毳� Exhibit 99.1搿� 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖 氍胳劀電� GAAP 瓴瓣臣鞕� 頃粯 牍�-GAAP 鞛 歆�響滌潣 靷毄鞚� 臧曥“頃橂┌, 觳秬霅� 鞝勳嫓氍检棎 氤搓碃 旮瓣皠鞐� 雽�頃� 牍�-GAAP 靾滌澊鞚�, 牍�-GAAP 齑濍歆�, 牍�-GAAP 鞓侅梾牍勳毄, 牍�-GAAP 鞓侅梾鞚挫澋 氚� 毵堨, 牍�-GAAP 鞙犿毃靹胳湪, 牍�-GAAP 鞚挫瀽 氚� 旮绊儉靾橃澋(靻愳嫟) 靾滌暋, 牍�-GAAP 欤茧嫻靾滌澊鞚奠澊 韽暔霅橃柎 鞛堨潓鞚� 氚濏灆雼堧嫟.
頃措嫻 鞝勳嫓氍检潃 霕愴暅 頄ロ泟 牍�-GAAP 於旍爼 氩旍渼(齑濍歆�, 鞓侅梾毵堨, 靹胳湪 氚� EPS)毳� 鞝滉车頃╇媹雼�. Cisco電� 牍�-GAAP 靾橃箻鞐愳劀 鞝滌櫢頃橂姅 頃鞚� 甑泊鞝侅溂搿� 靹る獏頃橁碃 鞛堨溂氅� 鈥� 欤检嫕旮半皹氤挫儊, 鞚胳垬 甏�霠� 氍错槙鞛愳偘鞚� 靸侁皝, 鞚胳垬/鞛愳偘毵り皝 牍勳毄, 靻愳儊 氚� 甑“臁办爼 牍勳毄, 欷戨寑頃� 靻岇啞 頃╈潣 氚� 鞖半皽靷暛, 霟嫓鞎�-鞖绊伂霛检澊雮� 甏�霠� 觳犾垬 牍勳毄, 韴瀽靻愳澋 氚� 靹鸽 鞓來枼鞚措倶 欷戨寑頃� 靹鸽 靷晥 霌� 鈥� 瓴届榿歆勳澊 鞓堨偘韼胳劚 氚� 雮措秬 瓴�韱犾棎 鞚措煬頃� 牍�-GAAP 歆�響滊ゼ 靷毄頃滊嫟瓿� 氇呾嫓頃╇媹雼�. Cisco電� 牍�-GAAP 歆�響滉皜 GAAP鞚� 雽�觳� 靾橂嫧鞚� 鞎勲媹氅� 雼るジ 旮办梾鞚� 靷毄頃橂姅 歆�響滌檧 彀澊臧� 鞛堨潉 靾� 鞛堨潓鞚� 瓴疥碃頃╇媹雼�.
Cisco a publi茅 ses r茅sultats pour le quatri猫me trimestre fiscal et pour l'exercice 2025 et a fourni un communiqu茅 de presse en tant qu'Exhibit 99.1 r茅sumant ces r茅sultats. le d茅p么t souligne l'utilisation de mesures financi猫res non-GAAP en compl茅ment des r茅sultats GAAP et indique que la pi猫ce jointe comporte le b茅n茅fice net non-GAAP, les marges brutes non-GAAP, les charges d'exploitation non-GAAP, le r茅sultat d'exploitation et la marge non-GAAP, les taux d'imposition effectifs non-GAAP, les int茅r锚ts et autres produits (charges), nets non-GAAP, ainsi que le b茅n茅fice net par action non-GAAP pour les p茅riodes pr茅sent茅es.
La pi猫ce jointe fournit 茅galement des plages pr茅visionnelles non-GAAP pour la marge brute, la marge op茅rationnelle, le taux de provision fiscale et le BPA. Cisco explique les 茅l茅ments exclus des mesures non-GAAP 鈥� notamment la r茅mun茅ration en actions, l'amortissement des actifs incorporels li茅s aux acquisitions, les co没ts d'acquisition/cession, les d茅pr茅ciations et charges de restructuration, les r猫glements et 茅ventualit茅s juridiques significatifs, les co没ts de sortie li茅s 脿 la Russie-Ukraine, les gains et pertes sur investissements et les effets fiscaux ou questions fiscales importantes 鈥� et indique que la direction utilise ces mesures pour la budg茅tisation et le contr么le interne. Cisco pr茅cise que les mesures non-GAAP ne remplacent pas les normes GAAP et peuvent diff茅rer de celles utilis茅es par d'autres entreprises.
Cisco meldete Ergebnisse f眉r sein viertes Fiskalquartal und das Gesch盲ftsjahr 2025 und legte eine Pressemitteilung als Exhibit 99.1 vor, die diese Ergebnisse zusammenfasst. Die Einreichung betont die Nutzung von Non-GAAP-Finanzkennzahlen neben den GAAP-Ergebnissen und weist darauf hin, dass die beigef眉gte Anlage Non-GAAP-Nettogewinn, Non-GAAP-Bruttomargen, Non-GAAP-Betriebskosten, Non-GAAP-Betriebsergebnis und -marge, Non-GAAP-effektive Steuers盲tze, Non-GAAP-Zins- und sonstige Ertr盲ge (Aufwendungen), netto, sowie Non-GAAP-Ergebnis je Aktie f眉r die dargestellten Perioden enth盲lt.
Die Anlage enth盲lt zudem k眉nftige gesch盲tzte Non-GAAP-Bereiche f眉r Bruttomarge, operative Marge, Steuerrate und EPS. Cisco erl盲utert die spezifischen Posten, die aus den Non-GAAP-Kennzahlen herausgerechnet werden 鈥� darunter aktienbasierte Verg眉tung, Abschreibungen auf akquisitionsbedingte immaterielle Verm枚genswerte, Akquisitions-/Ver盲u脽erungskosten, Wertminderungen und Restrukturierungsaufwendungen, bedeutende Rechtsstreitbeilegungen und Eventualverbindlichkeiten, Kosten im Zusammenhang mit dem R眉ckzug aus Russland/Ukraine, Gewinne und Verluste aus Investitionen sowie steuerliche Effekte oder wesentliche Steuerfragen 鈥� und erkl盲rt, dass das Management diese Non-GAAP-Ma脽e f眉r Budgetierung und interne 脺berpr眉fung verwendet. Cisco weist darauf hin, dass Non-GAAP-Ma脽e keine Alternativen zu GAAP darstellen und von den von anderen Unternehmen verwendeten Kennzahlen abweichen k枚nnen.
FAQ
What did CSCO file in this Form 8-K?
Which non-GAAP measures does Cisco disclose in this filing?
Does the filing include forward-looking guidance?
What items does Cisco exclude from its non-GAAP measures?
Are non-GAAP measures presented as substitutes for GAAP?
