Cisco reported third quarter 2026 revenue of $15.8 billion, a 12% year-over-year increase that exceeded analyst estimates. Non-GAAP EPS came in at $1.06, a 10% increase from the prior year and well ahead of expectations. The company also raised its full-year fiscal 2026 revenue and EPS guidance, signaling strong ongoing demand.
Key Highlights
- Management significantly raised its forecast for fiscal 2026 AI infrastructure orders to $9 billion, a substantial increase from the previous expectation of $5 billion, reflecting $5.3 billion in orders booked year-to-date.
- Total product orders showed significant momentum, growing 35% year-over-year, with networking product orders accelerating to over 50% growth.
- The core Networking segment revenue grew 25% to $8.8 billion, driven by a multi-billion-dollar campus networking refresh cycle and data center switching orders that grew over 40%.