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Remaining Performance Obligations
Reflects the total value of contracted work yet to be completed, providing insight into future revenue streams and business sustainability.Product RPO has accelerated materially since 2023, creating a much larger product backlog while Service RPO has climbed steadily—signaling strong, AI‑driven product bookings alongside durable subscription demand. That shift supports revenue visibility and Cisco’s AI infrastructure targets, but hyperscaler concentration, lumpy timing and near‑term margin headwinds (memory costs and mix) mean the backlog’s earnings payoff could be uneven; monitor bookings conversion rates and gross‑margin guidance to see whether this RPO growth converts into sustainable profit expansion.
Date | Product | Service |
|---|---|---|
Jul 25, 2026 | $23.44B | $23.30B |
Apr 25, 2026 | $22.06B | $21.40B |
Jan 24, 2026 | $21.98B | $21.43B |
Oct 25, 2025 | $21.90B | $20.97B |
Jul 26, 2025 | $21.57B | $21.96B |
Apr 26, 2025 | $20.75B | $20.91B |
Jan 25, 2025 | $20.32B | $20.95B |
Oct 26, 2024 | $19.88B | $20.11B |
Jul 31, 2024 | $20.05B | $20.99B |
Apr 30, 2024 | $18.88B | $19.90B |