CSCO Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-04-27), CSCO reported revenue of $12.7B, gross profit of $8.3B (65.1% gross margin), operating income of $2.2B, and net income of $1.9B (14.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CSCO was profitable; revenue fell 0.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −0.7% | −28.4% | −5.7 pp |
Consensus estimate data is not available for this report.
CSCO Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.7B | 100% |
| Cost of Revenue | −$4.4B | 34.9% |
| Gross Profit | $8.3B | 65.1% |
| Research & Development | −$1.9B | 15.3% |
| Selling, General & Administrative | −$3.3B | 25.9% |
| Other Operating Expenses | −$839M | 6.6% |
| Operating Income | $2.2B | 17.2% |
| Interest Expense | −$357M | 2.8% |
| Other Income, net | −$10M | 0.1% |
| Income Tax Expense | −$349M | 2.7% |
| Net Income | $1.9B | 14.8% |
Source: original SEC filing (filed 2024-05-15). Accession 0001193125-24-139371. Data normalized by EarningsFyi.