Cisco Systems, Inc. · CSCO · Next earnings

Cisco Systems, Inc. reports Wednesday, Nov 11, 2026

CSCO reports after market close with consensus EPS at $1.32 and revenue at $18.11B. Last quarter: Cisco Q3 FY26: Record $15.8B Revenue as AI Infrastructure Orders Surge to $1.9B

Reports After market close52 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $1.32 Calendar consensus
Consensus revenue $18.11B Calendar consensus
Report date Nov 11, 2026 Wednesday, date estimated
Session After market close 52 days away

Where CSCO left off: FY2026 Q3

Full report

Cisco Q3 FY26: Record $15.8B Revenue as AI Infrastructure Orders Surge to $1.9B

EPS surprise +2.9% Reported $1.06 vs $1.03
Revenue surprise +1.8% Reported $15.84B vs $15.56B
Stock move +13.4% Event window
Subsequent drift +4.8% Up to 20 sessions

Management maintained overall guidance sentiment while significantly raising AI infrastructure targets. The full-year FY26 AI orders goal increased from exceeding $5B (stated in Q2) to $9B, and AI infrastructure revenue from $3B to $4B. Capex outlook remains stable. Management indicated continued double-digit growth for the remainder of FY26.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Memory price increases pressuring product gross margins
  • Potential supply-chain constraints for memory, wafers, and photonics
  • Splunk transition from on-prem to cloud subscriptions could affect revenue timing
  • Legacy security products partially offsetting growth of new security offerings

Questions analysts left open

  • Durability of double-digit growth and potential pull-forward effects
  • Value proposition and scalability of Silicon One P200 design wins
  • Sustainability of non-AI order growth and enterprise demand
  • Supply-chain and memory availability risks
  • Impact of recent pricing actions on margins

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Recent CSCO quarters

All CSCO earnings
+13.4%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.