The dominant maker of enterprise networking hardware and software, plus collaboration (Webex) and security; supplies the networking layer for data centers.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 10 | NOT APPLICABLE (GREEN, ~10) |
| Capex vs. Demand Gap | 46 | AMBER (~40–52) |
| Insider-Selling Intensity | 44 | AMBER (~38–50) |
| Financing Opacity / Circular Leverage | 58 | AMBER–RED (~52–65) |
| Energy & Diminishing Returns | 10 | NOT APPLICABLE (GREEN, ~10) |
| Organic End-User Demand | 48 | AMBER (~42–55) |
Q. The headline is '>$2B AI infrastructure orders in FY2025' — more than double your original $1B target. But Cisco does not report a separate AI revenue line, those orders are intake from webscale hyperscalers only, and core networking revenue fell from $34.570B in FY2023 to $28.304B in FY2025 — an 18% two-year decline. How much of that $2B in orders has actually been recognized as revenue?
A. The AI orders figure is confirmed primary from the Q4/FY2025 earnings release and Q1 FY2025 slides: >$2B FY2025 total, >$800M in Q4 FY2025 alone, from webscale/hyperscaler customers. The critical caveat is also primary: Cisco does not report a total AI revenue line; the $2B is order intake, not recognized revenue, not enterprise-broad. Networking revenue decline is primary: $34.570B FY2023 → $29.2
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 44.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Tuszik Oliver | EVP, Global Sales | 2026-07-10 | Tax withholding | $267,271 | — |
| Subaiya Thimaya K. | EVP, Operations | 2026-06-16 | Sale | $624,673 | 10b5-1 |
| Subaiya Thimaya K. | EVP, Operations | 2026-06-16 | Sale | $229,926 | 10b5-1 |
| Weil Kevin | Director | 2026-06-15 | Award | $30,163 | — |
| Tessel Marianna | Director | 2026-06-15 | Award | $30,163 | — |
| Johnson Kristina M | Director | 2026-06-15 | Award | $42,180 | — |
EDGAR Form 4, parsed structured · last 6 txns · asof 2026-07-20 · refreshes off the Form-4 event class
| Announced cuts (2026) | 4,000 |
| Date | 2026-05 |
| Confidence | medium |
| Attribution | AI-PARTIAL |
| Driver | cyclical-restructuring |
| Source | press |
Restructuring toward AI/security but largely cost-driven. AI-partial at best — flagged.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.