Cisco Earnings Tonight: Can Resistance Level Be Broken?

Cisco Systems is set to release its fiscal Q4 2026 results tonight after market close, and investors are eager to see if the company can break through a stubborn resistance level of $124.62.

The company's fundamental setup looks strong, with Cisco increasing its expected full-year AI hyperscaler order range from $5 billion to $9 billion. This indicates real demand for AI networking solutions, not just hype.

Cisco also reported record revenue in Q3 at $15.8B, a 12% year-over-year increase, and stated that it is benefiting from three simultaneous spending cycles.

The stock currently trades around the $120.44 level and has been repeatedly rejected by the $124.62 resistance level, which is capped by a descending trendline. Tonight's results will determine whether Cisco breaks through this barrier or retreats to the $119.65 support zone.