CSCO Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-01-27), CSCO reported revenue of $12.8B, gross profit of $8.2B (64.2% gross margin), operating income of $3.1B, and net income of $2.6B (20.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CSCO was profitable; revenue fell 12.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −12.8% | −27.6% | −4.2 pp |
Consensus estimate data is not available for this report.
CSCO Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.8B | 100% |
| Cost of Revenue | −$4.6B | 35.8% |
| Gross Profit | $8.2B | 64.2% |
| Research & Development | −$1.9B | 15.2% |
| Selling, General & Administrative | −$3.1B | 24.2% |
| Other Operating Expenses | −$78M | 0.6% |
| Operating Income | $3.1B | 24.2% |
| Interest Expense | −$120M | 0.9% |
| Other Income, net | −$55M | 0.4% |
| Income Tax Expense | −$527M | 4.1% |
| Net Income | $2.6B | 20.6% |
Source: original SEC filing (filed 2024-02-14). Accession 0001193125-24-036201. Data normalized by EarningsFyi.