Cisco Q4 revenue rises 18% YoY to $17.3B, AI infrastructure orders surge

Published Aug 12, 10:04 PM UTC

Cisco Systems reported record fourth-quarter and full-year fiscal 2026 results, driven by surging demand for AI infrastructure, networking, security, and collaboration products. Q4 revenue rose 18% year-over-year to $17.3 billion, with non-GAAP EPS up 23% to $1.22. Full-year revenue reached $63.3 billion, up 12%. Hyperscale AI infrastructure orders hit $9.3 billion for the fiscal year, roughly 4.5 times the prior year, with $4 billion in Q4 alone. Product orders surged 35% in Q4, led by a 95% increase from service provider and cloud customers. CEO Chuck Robbins cited a multiyear networking 'super cycle' tied to AI deployment. For fiscal 2027, Cisco forecast revenue of $72.2-$73.4 billion and non-GAAP EPS of $5.05-$5.11. The company returned $12.7 billion to shareholders in fiscal 2026 via dividends and buybacks.