Cisco Stock Slumps Despite Record Revenue and AI Order Surge

Cisco Systems' stock has taken a hit despite reporting record revenue of $63.3 billion for fiscal 2026 and $9.3 billion in AI infrastructure orders.

The company's networking business remains the anchor, with quarterly networking revenue reaching $9.8 billion and product-order growth increasing by 35% year-over-year.

Management has guided revenue to be between $72.2 billion and $73.4 billion for fiscal 2027, with AI infrastructure sales expected to reach $7.5 billion.