CLAIM #17879 · Cisco Systems Inc (CSCO) · 2026Q1 earnings call · Nov 12, 2025

“But as we get into the second half of the year, we're seeing much much more difficult comps.”

Mark Patterson · CFO

How to check this claim

Look at: Cisco total revenue year-over-year growth rate, Q3 and Q4 FY2026

It came true if: Q3/Q4 FY2026 revenue growth rate below Q1/Q2 FY2026 growth rate, reflecting a deceleration versus prior-year comps of +11% and +8%

Where: Cisco quarterly earnings release / income statement (Q3 and Q4 FY2026 10-Q and earnings call)

Knowable after: 2026-05-31

In context

“e see greater growth with what we have Wi-Fi and campus and security, why don't we see more than 3.5% growth for the rest of the business? Chuck Robbins: Tal, it's a good question and you're always allowed to ask tough ones. So I'm just going to point out on the orders front for Q1 and then I'm going to let Mark talk a little bit about the P&L. Just to be clear on the if you normalize out the hyper growth in Q1, the rest of the business grew nine from an orders perspective. So, I just that's not a data point we've given you. I want you to have it. And then Mark, you want to touch on? Yes, Tal. Thanks for the question, Tal. Mark Patterson: I would say, we're ninety days into the year. We've got a very good start as you've seen in the order growth rates and the momentum that we're building. But as we get into the second half of the year, we're seeing much much more difficult comps. I mean, the comps in Q1, Q2 a year ago were minus 6% and plus nine. The comps as you get into Q3 and Q4 are plus 11 and plus eight on the top line. So, much tougher comps there, but I do follow your math and that sounds about right. Sami Badri: Thank you, Tal. Michelle, can we move to the next analyst please? Operator: Thank you. Ben Reitzes with Melius Research. Your line is open. Ben Reitzes: Hey, how are you guys doing? Hey, Chuck, I wanted to talk about one of your comments around the multiyear nature of the cycle. I know you guided for the year. So I mean, we're good with that. But can you just elaborate a little bit more on that? What are you seeing that gives you the confidence to talk about multiyear cycles, maybe highlight the key ones you're thinking about a little more? And wha”

Verify independently

SEC filings for CSCO ↗ · Quote is verbatim from the 2026Q1 earnings call.