Cisco Shares Surge on Record Fiscal Results, Strong AI Demand

Cisco Systems Inc.'s stock is trading near $110 per share as of August 20, 2026, driven by strong AI infrastructure demand and solid earnings surprises in every quarter.

The company's record fiscal 2026 results show revenue reaching $63.3 billion, up 12% year-over-year, while Q4 fiscal 2026 revenue came in at $17.3 billion, up 18% from the prior-year quarter.

Cisco's AI infrastructure orders have surged, with hyperscale cloud customers reaching $9.3 billion in fiscal 2026, a 4.5-fold increase compared to the prior year's level.

The company expects AI infrastructure revenue of $7.5 billion in fiscal 2027, up from $4 billion delivered in fiscal 2026, and total revenue is guided to a range of $72.2 billion to $73.4 billion, representing approximately 15% growth at the midpoint.

Cisco's management has also provided guidance on non-GAAP EPS for fiscal 2027, with a range of $5.05 to $5.11, implying earnings growth of roughly 17% year-over-year.