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Cisco Reports Record Q4 Revenue as AI Orders Soar

8/13/2026

22 2 Full Breakdown

Summary

Story summary

Cisco reported record Q4 revenue of $17.3 billion, an 18% YoY increase, but its shares fell about 9% in after-hours trading.
Cisco said AI infrastructure orders hit $4 billion this quarter and $9.3 billion for fiscal 2026, projecting $7.5 billion of AI revenue in fiscal 2027.
Cisco’s non-GAAP gross margin fell to 66.3% from 68.4% while it guided FY2027 revenue to $72.2-$73.4 billion with a 65%-66% margin.

History

Historical Context

In 1999 Cisco Systems posted $19.5 billion revenue, a 70% stock jump, while IBM reported $55 billion, reflecting the peak of the post-1996 Telecommunications Act boom that spurred over $500 billion of telecom investment and a 400% Nasdaq rise from 1995-2000. The company now projects $9.3 billion in AI infrastructure orders for fiscal 2026, echoing its earlier surge as enterprise AI demand resurfaces.

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Story summary

Cisco reported record Q4 revenue of $17.3 billion, an 18% YoY increase, but its shares fell about 9% in after-hours trading.
Cisco said AI infrastructure orders hit $4 billion this quarter and $9.3 billion for fiscal 2026, projecting $7.5 billion of AI revenue in fiscal 2027.
Cisco’s non-GAAP gross margin fell to 66.3% from 68.4% while it guided FY2027 revenue to $72.2-$73.4 billion with a 65%-66% margin.

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