Cisco Crushes Expectations in Q4 FY 2026 Earnings with Record Revenue and Profits

Cisco reported record revenue and profits in its Q4 FY 2026 earnings, exceeding Wall Street expectations. The company's networking products saw a 28% year-over-year increase in sales, while security revenue grew 14%. AI infrastructure orders from hyperscalers reached $4 billion in the quarter, with the total annual figure standing at $9.3 billion.

Cisco's AI opportunity now spans multiple deployment models, including hyperscalers, neoclouds, sovereign cloud, telcos, and enterprises. The company is positioning its portfolio around distributed AI infrastructure using Silicon One, optics, security, observability, and cloud management.

The refresh cycle for networking products is becoming broader due to factors such as AI readiness, end-of-support replacement, security posture, and quantum-safe planning. Cisco's guidance for Q1 FY 2027 revenue is between $18.0 billion and $18.2 billion, with non-GAAP operating margin expected to be between 35.5% and 36.5%.