As of Q2'26, CSCO's latest Operating ROA stands at 2.57%, with ROE at 6.65% and ROIC at 3.45%. This reflects a modest improvement from the previous quarter, continuing the recovery observed since the lows in Q3'24. Over the period from Q3'23 to Q2'26, all three profitability metrics—ROA, ROE, and ROIC—displayed a notable decline reaching their troughs in Q3'24, followed by a gradual upward trend. ROA dropped from 3.29% in Q3'23 to a low of 1.53% in Q3'24 before rebounding, while ROE and ROIC followed similar patterns, bottoming at 4.12% and 2.88% respectively. The recent quarters indicate stabilization and a slow recovery, suggesting improved operational efficiency and profitability for CSCO after a challenging mid-period dip.