Cisco Systems, Inc.
CSCOQ4 2024(CSCO Q1 FY2025)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$6.8B
AI Revenue (Q)
$586.7M
Total Revenue (Q)
$14.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2025 10-Q (ended Oct 26, 2024). Total revenue $13.841B. Networking $6.753B, Security $2.017B (full quarter of Splunk), Collaboration $1.085B, Observability $0.258B. Services $3.727B. This is the first full quarter with Splunk. Security doubled YoY from $1.010B to $2.017B (Splunk adds ~$1B/quarter). No AI-specific revenue disclosed but AI infrastructure demand is a key driver. MATH: Networking $6.753B. AI fabric/infrastructure growing -- Cisco's Nexus, Silicon One, optics for AI clusters ~$350M (DC networking ~$1.3B, AI portion ~27%). Splunk AI-powered features ~$80M (conservative portion of Splunk's ~$1B quarterly). Observability AI ~$30M. Webex AI ~$30M. Total ~$490M / $13.841B = ~3.5%. Rounding to 4.0% given accelerating AI infrastructure buildout.
Analyzed by claude-opus-4-6
Quoted Figures
Networking $6,753M; Security $2,017M
10-Q Q1 FY2025, Revenue Disaggregation
Total revenue $13,841M
10-Q Q1 FY2025, Consolidated Statements of Operations
Security consists of our Network Security, Identity and Access Management, Secure Access Service Edge (SASE) and Threat Intelligence, Detection, and Response offerings
10-Q Q1 FY2025, Revenue notes
AI Products Identified (Ring 1)
Nexus 9000 AI fabric switchesSilicon One ASICs400G/800G opticsSplunk AI analyticsWebex AIThousandEyes AIAI-Ready Infrastructure
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 routingWirelessTraditional SecurityTraditional CollaborationServices
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix