Cisco Crushes Q4 Earnings Expectations on Strong AI Growth

Cisco Systems reported its Q4 2026 earnings, exceeding expectations in every major category. The company's non-GAAP EPS came in at $1.22, beating Wall Street estimates.

The AI infrastructure buildout is already having a significant impact on the bottom line, with $9.3 billion in AI-related orders booked across all of FY2026, including $4.0 billion in Q4 alone.

Networking revenue rose 28% in the quarter, and management views the current demand cycle as durable.

Cisco guided FY2027 full-year revenue to $72.2 billion to $73.4 billion, with AI infrastructure revenue expected to reach $7.5 billion, roughly doubling from approximately $4 billion in FY2026.