In the most recent period of Q2'26, Cisco's Operating Cash Flow stood at $1.82B USD, reflecting a decline from the previous quarter's $3.21B USD in Q1'26, while Free Cash Flow was $1.54B USD, down from $2.89B USD in the prior period. This marks a sequential drop for both metrics, indicating potential pressures on cash generation amid ongoing operational challenges. Over the timeframe from Q3'23 to Q2'26, Operating Cash Flow exhibited volatility with peaks at $5.96B USD in Q4'23 and troughs as low as $808M USD in Q2'24, showing an overall downward trend from an average of around $4B USD in early periods to below $2B USD recently, influenced by significant dips in Q1'24 and Q2'25. Free Cash Flow followed a similar volatile pattern, starting strong at $5.73B USD in Q4'23 before declining to $638M USD in Q2'24 and stabilizing around $3-4B USD in mid-periods, but ending weaker at $1.54B USD in Q2'26, highlighting consistent capital expenditure impacts on cash availability for the company.