- Cisco reported fiscal-fourth-quarter revenue of $17.3 billion, up 18% year over year, and adjusted EPS of $1.22, above Wall Street expectations. [1] - The company said fiscal 2026 AI infrastructure orders reached $9.3 billion, including $4 billion in the fourth quarter. [2] - Cisco forecast fiscal 2027 revenue of $72.2 billion to $73.4 billion and adjusted EPS of $5.05 to $5.11, both above analyst estimates. [1] - Shares fell about 4% in after-hours trading on Aug. 12 before trading at $123.88, up 2.9%, on the morning of Aug. 13.
[3] Cisco’s artificial-intelligence infrastructure business continued to accelerate in its fiscal fourth quarter, helping drive an 18% increase in revenue and a forecast for another year of double-digit growth. Investors initially treated the results as insufficient, sending shares down about 4% in extended trading on Wednesday, Aug. 12. [1]
Cisco reported $17.3 billion in fiscal-fourth-quarter revenue and non-GAAP earnings of $1.22 per share, according to post-earnings market coverage. Analysts had expected about $16.85 billion of revenue and $1.17 in adjusted earnings per share. [1] (reddit.com)
AI orders became a material part of the business #
Cisco said it took $4 billion in AI infrastructure orders during the fourth quarter, bringing its fiscal 2026 total to $9.3 billion. That was roughly 4.5 times the prior fiscal year’s total, according to a transcript summary citing Chief Executive Chuck Robbins. [2]
The result extends a sharp rise in demand reported during the year. In May, Cisco said it had taken $5.3 billion in AI infrastructure orders through the first three quarters and raised its full-year order expectation to $9 billion from $5 billion. It also lifted its estimate for fiscal 2026 AI infrastructure revenue to $4 billion from $3 billion. [4]
Cisco’s broader product demand was also strong in the third quarter. Total product orders rose 35% year over year, while networking product orders increased more than 50%. Data-center switching orders grew more than 40%, and campus-networking orders increased more than 25%. [4]
Fiscal 2027 forecast points to continued networking demand #
Cisco’s fiscal 2027 revenue forecast of $72.2 billion to $73.4 billion implies another substantial increase from the company’s fiscal 2026 outlook. It projected adjusted earnings per share of $5.05 to $5.11, compared with an analyst estimate near $4.84. [1] (reddit.com)
Cisco’s AI order disclosures describe customer commitments rather than equivalent recognized revenue. The company had previously guided to $4 billion of AI infrastructure revenue for fiscal 2026 against the larger $9 billion order target, reflecting the timing between orders, shipments and customer deployments. [4]
That conversion from orders to revenue will be an important measure of whether the AI infrastructure business can support Cisco’s elevated growth expectations. This is an inference based on the company’s separate order and revenue forecasts, not a stated Cisco target. [2][4]
The stock reaction was weaker than the numbers #
Cisco shares had risen more than 60% in 2026 before the earnings report, according to MarketWatch. The stock initially gained after the release, then reversed and finished extended trading down about 4%. [5]
By Thursday morning, Aug. 13, Cisco was trading at $123.88, up $3.48, or 2.9%, from the previous close in the latest market data available. [3]
The reversal came after a sizable run-up in the shares, suggesting that investors were judging the report against elevated expectations rather than simply against the quarterly consensus. That interpretation is an inference from the stock’s reaction and Cisco’s reported beats. [1][5]
Companies mentioned #
Further sources #
[1] Post-earnings market coverage reported Cisco’s fiscal-fourth-quarter revenue, a… ↗
[[2] A transcript summary reported Cisco’s $4 billion of fourth-quarter AI infrastru… ↗](https://www.reddit.com/r/dotaddaknowledge/comments/1vmveih/csco/)
[[3] Market data showed Cisco at $123.88, up $3.48, or 2.89%, from the previous clos… ↗](https://finance.yahoo.com/quote/CSCO/)
[[4] Cisco’s official fiscal third-quarter earnings release reported $5.3 billion of… ↗](https://investor.cisco.com/news/news-details/2026/CISCO-REPORTS-THIRD-QUARTER-EARNINGS/default.aspx)
[5] MarketWatch reported Cisco’s 2026 share gain and approximately 4% after-hours d… ↗
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