# Who are Cisco's customers? Who does Cisco earn revenue from?
Canonical: https://valuechain.wiki/cisco · Facet: customers · Updated: 2026-07-12T05:39:12.212637+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Cisco discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-07-12).

### 하이퍼스케일러·엔터프라이즈 (AI 네트워킹) (high)
- metric: Market share ~62% · 2025 · datacenter Ethernet switch market growth (Q3 2025 YoY)
- note: Supplies Ethernet switches/routers for gigawatt-scale AI clusters — a direct beneficiary of the DC Ethernet market's +62% YoY growth.
- [confirms] Wikipedia (KO, news, published 2026-01-01) https://ko.wikipedia.org/wiki/시스코_시스템즈: "Silicon One G300 (102.4T) networks AI clusters."
- [confirms] SEC EDGAR (EN, filing, published 2025-09-01) https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=CSCO&type=10-K: "Datacenter Ethernet switch market grew 62% YoY in Q3 2025."

### 네오클라우드·소버린·통신 (네트워킹) (mid)
- note: Networking for neoclouds, sovereign clouds and telecoms.
- [confirms] SEC EDGAR (EN, filing, published 2025-09-01) https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=CSCO&type=10-K: "Targets enterprise/neocloud beyond hyperscalers."

Reverse side: https://valuechain.wiki/cisco/suppliers.md · Ripple: https://valuechain.wiki/cisco/ripple.md

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