Cisco

Aug 14, 2026 UTC· 1 event in window

Cisco reported fiscal Q4 2026 earnings that beat estimates, with AI infrastructure orders surging to $9.3 billion for the year. However, shares fell 7% as gross margin compressed to 66.3%, attributed to a shift toward lower-margin AI hardware. Despite margin concerns, multiple analysts raised price targets, citing robust fiscal 2027 revenue guidance and continued AI momentum.

• Fiscal Q4 revenue reached $17.25 billion, up 18% YoY, with adjusted EPS of $1.22, both beating estimates
• AI infrastructure orders from hyperscalers totaled $9.3 billion for the full fiscal year
• Gross margin compressed to 66.3% due to a mix shift toward lower-margin AI hardware, sending shares down 7%
• Multiple analysts raised price targets as the company issued strong fiscal 2027 revenue guidance of $72.2-$73.4 billion