🟢 CSCO is trading 19% up today on Q3 earnings beat and raised AI outlook

CSCO is trading at $121.16 (+19%) after Q3 FY2026 earnings crushed estimates and management significantly raised its AI infrastructure outlook.

• Revenue grew 12% to $15.8B with non-GAAP EPS of $1.06, leading management to hike full-year guidance to $56.8B–$57.5B.
• AI infrastructure orders are now projected at $9B, fueling a pre-market surge amid high demand for AI-related hardware.
• The move builds on yesterday's +2.6% close as positive sentiment from the Trump-Xi summit lifts the broader tech sector.