"For the third quarter ended April 25, Cisco reported record revenue of $15.8 billion, up 12% year over year, topping the high end of its guidance. The company also raised its fiscal 2026 outlook, lifting its AI revenue target to $4 billion (from $3 billion) and AI orders target to $9 billion (from $5 billion). It guided current-quarter revenue as high as $16.9 billion, above Wall Street expectations."
"“In Q3, we once again delivered double-digit growth on both the top and bottom lines, which exceeded the high end of our guidance, coupled with record non-GAAP operating income,” Cisco CFO Mark Patterson said in a statement. The results, he added, show “great execution and financial discipline by our teams.”"
"Chuck Robbins, Cisco's chair and CEO, said the company is “well-positioned as the critical infrastructure for the AI era, building on our technology leadership and customer trust, while innovating at the speed and scale that our dynamic world demands.” Cisco, No. 83 on the Fortune 500, has a market cap of over $450 billion."
"After soaring and then plummeting during the dot-com crash, Cisco took nearly 26 years to reclaim its 2000 highs, which it finally did in December 2025. Since then, the stock has gained nearly 50% and on Thursday hit a new intraday record of $119.36 per share."
Cisco reported record third-quarter revenue of $15.8 billion, up 12% year over year, exceeding the high end of guidance. The company raised its fiscal 2026 outlook, increasing its AI revenue target to $4 billion from $3 billion and its AI orders target to $9 billion from $5 billion. Cisco guided current-quarter revenue as high as $16.9 billion, above Wall Street expectations. Cisco’s CFO cited double-digit growth on both top and bottom lines, record non-GAAP operating income, and strong execution and financial discipline. Cisco’s CEO said the company is positioned as critical infrastructure for the AI era, combining technology leadership and customer trust with innovation at scale.
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