Cisco Systems, Inc.
CSCOQ4 2023(CSCO Q1 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$3.0B
AI Revenue (Q)
$255.8M
Total Revenue (Q)
$12.8B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q1 FY2024 10-Q (ended Oct 28, 2023). Total revenue $14.668B. NEW product categories: Networking $8.822B, Security $1.010B, Collaboration $1.117B, Observability $0.190B. Services $3.529B. The filing introduces new strategic language about AI: 'Harness the Power of AI and Data' as a customer priority. Notes AI infrastructure opportunity. However, no dollar amounts for AI-specific revenue. MATH: Networking $8.822B includes campus switching, enterprise routing, wireless, AND data center switching/optics. Data center switching + optics estimated at ~$1.5-1.8B. AI-specific (GPU cluster fabrics, AI training infrastructure) ~15% of DC networking = ~$250-270M. Plus some Observability with AI features ~$20M. Total ~$290M / $14.668B = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Networking $8,822M
10-Q Q1 FY2024, Revenue for Groups of Similar Products
Total revenue $14,668M
10-Q Q1 FY2024, Consolidated Statements of Operations
Harness the Power of AI and Data: AI represents a generational shift in technology and is driving an order of magnitude higher requirement for network connectivity
10-K FY2024, Item 1 Strategy and Priorities
AI Products Identified (Ring 1)
Nexus 9000 AI fabric switchesSilicon One ASICs400G opticsThousandEyes AI analytics
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Campus switchingEnterprise routingWirelessCollaborationSecurityObservability
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix