CLAIM #17857 · Cisco Systems Inc (CSCO) · 2025Q4 earnings call · Aug 13, 2025

“I still remain very optimistic on SP. Probably secondly, enterprise and probably third public sector.”

Charles Robbins · CEO

How to check this claim

Look at: Relative growth/order strength ranking across Service Provider (SP), Enterprise, and Public Sector segments, fiscal year 2026

It came true if: Service Provider shows the strongest growth/bookings performance of the three segments, followed by Enterprise, then Public Sector, as described in fiscal 2026 results

Where: Company segment commentary and disclosed order/bookings growth by segment (10-K / earnings calls, FY2026)

Knowable after: 2026-07-31

In context

“Robbins: Yes, it's very difficult to include anything that hasn't been announced yet because it's such a dynamic environment. Ahmed Sami Badri: Thank you, David. Michelle, we can move to the next analyst. Operator: Thank you. Karl Ackerman with BNP Paribas. Karl Ackerman: Two for me as well, and I'll ask them at the same time. Within your fiscal '26 outlook, I was hoping you could rank order of the segments that give you the most conviction in hitting the target that you laid out. Second, Chuck, you indicated that Silicon One should grow as a portion of your Nexus smart switches over time. And I was hoping you could discuss whether Silicon One can represent half of your switch ASICs in the next 3 years. Charles H. Robbins: That's a great question. So if I rank order the segments, I'd say I still remain very optimistic on SP. Probably secondly, enterprise and probably third public sector. But I would like to comment on public sector and give you another -- give you all another data point. Our overall order growth or bookings growth of 7%. If you know -- if you take out federal, the rest of the world grew at 10%. So we saw good performance outside of federal. When we think about federal in fiscal year '26, just to put it in perspective, 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. So that's better. But I still think I would stack rank them, service provider, enterprise and service provider, including cloud, obviously, and then enterprise and public sector.”

Verify independently

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