Cisco Declares Multi-Year Networking Super Cycle Amid Strong Earnings

Cisco Systems (NASDAQ:CSCO) closed its record fiscal year with a strong setup for FY2027, offering investors three key reasons to be bullish. The networking giant's CEO Chuck Robbins declared a 'multi-year, multi-billion dollar networking super cycle' tied to agentic AI adoption.

The company beat earnings for the fifth straight quarter, with Q4 revenue of $17.252 billion beating consensus by 2.52% and growing 17.6% year over year. Non-GAAP EPS of $1.22 topped estimates by 4.38%. The five consecutive beats have pushed Cisco's shares up 64.5% over the past year and 49.44% year to date.

The company's AI infrastructure orders hit $9.30 billion in FY2026, roughly 4.5x FY2025, and management guides AI revenue to $7.50 billion in FY2027. This implies 15% growth at the midpoint of the FY2027 revenue guide of $72.2 billion to $73.4 billion.