Cisco Systems Reports Record Revenue Amid Valuation Concerns

Cisco Systems reported record fiscal 2026 revenue of $63.3 billion, up 12 percent from fiscal 2025.

The networking company's fiscal Q4 revenue reached a record $17.3 billion, an 18 percent increase from the comparable quarter.

Non-GAAP earnings per share in fiscal Q4 were $1.22, up 23 percent year over year.

Piper Sandler lowered its Cisco price target from $132 to $125 while maintaining a Neutral rating, citing caution on valuation.