Cisco has guided for revenues of $12.1-12.3 billion and adjusted EPS of $0.84-0.86 for the third quarter of 2024. Analysts are projecting earnings of $0.82 per share on revenues of $12.5 billion for Q3 2024. This compares to earnings of $1.00 per share on revenue of $14.6 billion reported in the third quarter of 2023.
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In the second quarter of 2024, Cisco reported revenues of $12.8 billion, which were down 6% year-over-year. GAAP EPS decreased 3% to $0.65 while adjusted EPS fell 1% to $0.87.