CSCO Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2023-10-28), CSCO reported revenue of $14.7B, gross profit of $9.6B (65.2% gross margin), operating income of $4.3B, and net income of $3.6B (24.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CSCO was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
CSCO Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $14.7B | 100% |
| Cost of Revenue | −$5.1B | 34.8% |
| Gross Profit | $9.6B | 65.2% |
| Research & Development | −$1.9B | 13.0% |
| Selling, General & Administrative | −$3.2B | 21.7% |
| Other Operating Expenses | −$190M | 1.3% |
| Operating Income | $4.3B | 29.2% |
| Interest Expense | −$111M | 0.8% |
| Other Income, net | −$83M | 0.6% |
| Income Tax Expense | −$804M | 5.5% |
| Net Income | $3.6B | 24.8% |
Source: original SEC filing (filed 2023-11-15). Accession 0001193125-23-277891. Data normalized by EarningsFyi.