Cisco Systems announced a restructuring plan aimed at increasing investment in growth areas such as artificial intelligence, security, and silicon. The company expects to recognize up to $1 billion in pre-tax charges, with approximately $450 million occurring in the fourth quarter of fiscal 2026 and the remaining balance in fiscal 2027.

Cisco Systems announced that M. Victoria Wong will retire as Senior Vice President and Chief Accounting Officer on May 19, 2026, and will be succeeded by Nichlas A. Fink on May 20, 2026. Mr. Fink, the current Vice President and Corporate Controller, is expected to receive a restricted stock unit award with a grant date fair value of $500,000 in connection with his appointment.

Daniel H. Schulman will resign from Cisco's Board of Directors effective May 21, 2026, to focus on his role as CEO of Verizon. Peter A. Shimer has been appointed to the Board and Audit Committee, receiving a pro rata portion of a $105,000 annual cash retainer and an initial equity award with a grant date fair value equal to a pro rata portion of $270,000.

Cisco Systems, Inc. reported its fiscal second quarter 2026 results for the period ended January 24, 2026. The filing includes non-GAAP financial data and provides future estimated ranges for gross margin, operating margin, tax provision rate, and earnings per share.

Cisco Systems stockholders approved an amendment to the company's 2005 Stock Incentive Plan, increasing the number of authorized shares for issuance by 57,490,000. The company also reported the results of its annual meeting, which included the election of nine directors and the approval of executive compensation and its independent auditor.

Cisco Systems, Inc. reported its financial results for the fiscal first quarter of 2026, which ended on October 25, 2025. The filing outlines the company's non-GAAP reporting methodology and includes future estimated ranges for gross margin, operating margin, tax provision rate, and earnings per share.