CLAIM #17941 · Cisco Systems Inc (CSCO) · 2026Q3 earnings call · May 13, 2026

“I think last call, I said we would exit this fiscal year approaching double-digit revenue growth on the traditional -- on the organic Cisco security portfolio.”

Charles Robbins · CEO

How to check this claim

Look at: Organic Cisco security portfolio revenue growth rate (year-over-year), for Q4 FY2026

It came true if: Q4 FY2026 organic security revenue growth approaching but likely just under 10% (e.g., 8-10% range)

Where: Company earnings release / management commentary on Q4 FY2026 earnings call (security segment revenue growth)

Knowable after: 2026-08-20

In context

“y, if we expect $6 billion of AI revenue next year, up from $4 billion, like what are the offsets that you're thinking about to help mitigate sort of that product mix versus effectively software security mix, if that's going to grow 50% next year from a baseline of $4 billion this year? Charles Robbins: Thanks, David. So on the security front, so we actually saw some pretty good improvement during the quarter. So the new and refreshed stuff continued to grow in double digits. We saw, obviously, the legacy stuff is still a drag, but it wasn't nearly the drag as it was in the first half of the year. And -- but what we really have seen in the last few quarters, in particular, is strength in our firewall business. And last quarter, we saw very strong double-digit order growth in firewalls. So I think last call, I said we would exit this fiscal year approaching double-digit revenue growth on the traditional -- on the organic Cisco security portfolio. And I think we're heading in that direction, and I feel good about us actually making that happen. I think we'll continue to just quarter after quarter, we're going to see slow, steady improvement there. And so I'm actually -- the firewall results are really giving me a lot of optimism right now. We got a several quarter run of big win rates, and we're feeling good about that. So -- and then on Splunk FY '27, I think it's going to be highly contingent upon what happens with this cloud versus on-prem mix? Does it continue to -- do we see a continued shift? I think we saw another 2 or 3 points during the quarter, in Q3, from where it was in Q2. And if it stabilizes, then we'll lap the compares, obviously. And then next year, it shouldn't be quite the drag. But we'll just have to see how tha”

Verify independently

SEC filings for CSCO ↗ · Quote is verbatim from the 2026Q3 earnings call.