“Our teams are forecasting a return to growth for federal during this fiscal year. Now it's not going to be the same -- it's not going to be as high of growth as we saw a decline. So we'll still be below FY '25 levels. But the good news is they're forecasting growth.”

How to check this claim

Look at: Federal segment revenue growth, year-over-year, for fiscal year 2026

It came true if: FY2026 federal revenue growth rate > 0% year-over-year, while remaining below FY2025 federal revenue level

Where: Company-disclosed segment/vertical revenue commentary (10-K or Q4 FY2026 earnings call)

Verify independently

SEC filings for CSCO ↗ · Claim quote is verbatim from the 2025Q4 earnings call.