HIGHOutside partySupplier
components from limited or single sources
“10-K Item 1A: 'certain components are presently available only from limited or single sources'”
CSCO · Concentration risk · 10-K extracted
Cisco Systems (CSCO) concentration risks
Updated
The most significant concentration Cisco Systems discloses is components from limited or single sources, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Cisco Systems’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
channel partners
“10-K Item 1: 'A substantial portion of our products and services is sold indirectly through channel partners, and the remainder is sold through direct sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Cisco's disclosed concentrations are dependency-type exposures on the supply side and in its go-to-market model. The company states that certain components are presently available only from limited or single sources, a high-share exposure with no disclosed percentage. This is the more idiosyncratic risk: a shortage, quality problem, or pricing change at a constrained supplier could delay shipments or compress margins independent of customer demand, and substitutes may take time to qualify. On the sales side, a substantial portion of products and services is sold indirectly through channel partners, with the remainder sold through direct sales, a medium-share exposure. This is a structural feature of how the company reaches customers, but it creates dependence on partners' purchasing, inventory, and credit decisions, and it limits direct visibility into end demand. Taken together, the supply-side exposure can interrupt the product flow, while the channel exposure shapes how reliably that product converts into revenue. The sources give no percentages for either, so their weight cannot be quantified here; both are best viewed as well-disclosed operating dependencies rather than a single point of failure.
For the engine’s reasoning on CSCO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Communication Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| CSCO● | Cisco Systems, Inc. | 1 | 1 | 0 | 2 |
| ADTN | ADTRAN Holdings, Inc. | 1 | 0 | 2 | 3 |
| CIEN | Ciena Corporation | 0 | 2 | 2 | 4 |
| BDC | Belden Inc | 0 | 2 | 1 | 3 |
| ASTS | AST SpaceMobile, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.