Cisco Stock Surges Past $100 as AI Demand Drives Record Growth

Cisco Systems stock has broken through the $100 mark and continues to rise due to strong demand for AI infrastructure. The company's Q4 fiscal 2026 revenue reached a record $17.25 billion, up 17.6% year-over-year, with non-GAAP earnings per share of $1.22.

The significant growth in AI orders is driving Cisco's expansion into higher-value infrastructure and software markets. AI-driven acceleration has become central to the company's growth story, with $4 billion in AI orders booked in Q4 fiscal 2026 alone.

Despite strong operational performance, valuation metrics suggest that Cisco Systems stock now trades above some intrinsic-value estimates, implying a margin of safety of negative 122.7% at the current price level. Institutional-holdings data shows continued interest from quantitative and technology-focused investors, with consensus price targets sitting closer to $129.43.

Cisco's AI narrative extends beyond its own data centers and order book, with partnerships such as the AMD Instinct MI355X GPU-based AI infrastructure built on Cisco Silicon One-based AI networking now live in Saudi Arabia. This deployment demonstrates how Cisco's hardware and software can be integrated into third-party AI stacks in emerging markets.