Cisco Systems Surges on Strong Q4 Earnings and Growing AI Demand

Cisco Systems, Inc., a network equipment provider, has seen its stock rise due to growing demand for AI and hyperscaler spending. According to MarketBeat.com, Cisco reported fiscal Q4 revenue of approximately $17.3 billion, up 18% year over year, and adjusted EPS of $1.22 versus the $1.17 consensus estimate.

The company's AI infrastructure orders increased 4.5 times to $9.3 billion for fiscal 2026, while management expects approximately $7.5 billion of hyperscaler AI infrastructure revenue in fiscal 2027.

Several firms, including UBS and Truist, raised their price targets after the earnings beat and upbeat outlook, suggesting long-term upside if the AI networking cycle continues.