As of Q2'26, Cisco's latest gross margin stands at 64.97%, with an operating margin of 24.63% and a net profit margin of 20.69%. These figures indicate a stable profitability profile in the most recent quarter. Over the period from Q3'23 to Q2'26, gross margin has remained consistently strong, fluctuating within a narrow range around 64–66%. Operating and net profit margins experienced a notable dip in Q3'24, reaching lows of 17.25% and 14.8% respectively, but have since recovered to levels comparable to earlier quarters. Overall, the trend suggests that while Cisco faced some margin compression in mid-2024, it has successfully restored profitability metrics to historical norms by early 2026.