Cisco Smashes Q3 Earnings with Record Revenue and Strong AI Growth
Cisco Systems delivered record revenue of $15.8 billion in Q3 FY2026, representing 12% growth year-over-year and exceeding analyst expectations.
The company also reported non-GAAP earnings per share (EPS) of $1.06, which was higher than consensus estimates.
Cisco's AI infrastructure orders reached a record high of $2.1 billion in Q3, with the majority coming from hyperscalers for its Silicon One portfolio and advanced networking solutions.
The company increased its full-year fiscal 2026 AI infrastructure revenue forecast to $9 billion, up from $2 billion in FY25, which is a significant increase of over four times.
Cisco plans to cut fewer than 4,000 jobs as part of a restructuring effort to focus on high-growth areas such as silicon, optics, security, and AI.