CSCO earnings history

CSCO FY2026 Q3 · Calendar Q2 2026

Cisco Systems, Inc.

Cisco's Q3 FY26 results mark a decisive step in its AI infrastructure transformation. Record revenue of $15.84B beat consensus by 1.8%, with EPS of $1.06 exceeding the $1.03 estimate by 2.9%. The stock surged 13.4% in the session following the print. The standout was AI infrastructure orders from hyperscalers reaching $1.9B in the quarter, prompting management to raise the full-year AI orders target from $5B to $9B and AI infrastructure revenue from $3B to $4B. Product orders grew 35% YoY, with hyperscaler orders at triple-digit rates. Silicon One and Acacia optics racked up multiple P200 design wins, validating Cisco's vertically integrated silicon-and-optics strategy. A newly announced restructuring will further concentrate investment in silicon, optics, security, and AI. The key question investors are weighing: whether this double-digit growth is durable or partly pulled forward by…