Cisco Earnings: Will AI Guidance Send Stock Soaring or Crashing?
Cisco Systems Inc (CSCO) is set to report its fiscal Q4 earnings after the close today, August 12, 2026. The consensus expectations are $16.82B revenue (+13% YoY) and $1.17 EPS, but the real question is whether management raises its AI order target above $9B and guides FY27 for low-teens growth versus the Street's 9.5% estimate.
The stock has already risen 57% YTD to $120.43, just 7.6% below its 52-week high of $130.37. Buying now is an earnings gamble, while waiting until after the close lets the market price in the reaction.
Evercore ISI and Morgan Stanley both see upside to consensus, with Evercore expecting AI order target raised above $9B for the year and AI revenue target raised above $4B. However, muted peer earnings reactions suggest strong results are largely priced in, according to Morgan Stanley.