Cisco Stock Rises Ahead of Earnings Call as AI Infrastructure Demand Surges
Cisco Systems' stock rose 2.9% on August 12, 2026, ahead of its Q4 fiscal 2026 earnings call, as investors positioned for results that will focus heavily on the company's artificial intelligence infrastructure momentum.
The networking giant's stock climbed on the day of the earnings announcement, reflecting cautious optimism about the quarter. Analysts expect Cisco to report Q4 revenue of approximately $16.83 billion, up roughly 15% year-over-year, along with adjusted earnings per share of $1.17.
AI infrastructure demand has become a central focus for Cisco investors. The company raised its full-year fiscal 2026 AI infrastructure order forecast to $9 billion from an initial $5 billion target, a signal of surging demand from hyperscalers building out data centers and networks for large language models.
Wall Street analysts have grown increasingly bullish on the stock. UBS raised its price target on Cisco to $132 from $95 and maintained a Buy rating, while KeyBanc raised its target to $125 from $87 with an Overweight rating, both moves tied to the company's AI infrastructure strength.