Stocks

Cisco Soars on Record Revenue and AI Infrastructure Orders

Guavy AI Editorial Team Published August 17, 2026

Instruments

CSCO

Cisco's latest earnings release has delivered record fiscal-year results, sparking Wall Street price target upgrades and calming anxious investors.

The company reported a fourth-quarter revenue of $17.3 billion, up 18%, with non-GAAP earnings per share rising to $1.22, both beating consensus estimates.

Hyperscaler AI infrastructure orders surged 4.5x from last year's tally, reaching $9.3 billion for the year, while networking product orders jumped 40%.

Cisco's management attributes this growth to accelerating agentic AI adoption, fueling a networking supercycle, and claims that the company is well-positioned to benefit from this trend.

The market remains cautious, with bears focusing on lower-margin AI hardware contributing to a non-GAAP gross margin slip from 68.4% to 66.3%, but bulls argue that the non-GAAP operating margin rose to a record 35.9%.

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