Cisco Stock Drops 8.4% Despite Record Q4 Earnings

Cisco Systems Inc., a leading networking equipment provider, saw its stock under pressure in mid-August 2026 after reporting record fiscal fourth-quarter revenue of $17.3 billion on August 12, 2026.

The company's non-GAAP earnings per share reached $1.22, topping consensus forecasts of $1.17 and significantly above the $0.99 per share reported a year earlier.

Despite the strong results, investors reacted with caution due to concerns over margins and valuation.