Cisco Reports Strong Q4 Earnings with Revenue Growth and AI Infrastructure Momentum
In its fourth-quarter earnings call for fiscal year 2026, Cisco reported revenue of $17.3 billion, a 18% increase driven by strong demand in networking and artificial intelligence infrastructure. Non-GAAP EPS rose to $1.22 per share, up 23% from the prior year due to disciplined expense management. Product orders surged 35%, with AI infrastructure contributing $4 billion for the quarter alone. The company's full-year revenue reached $63.3 billion in fiscal 2026, a 12% increase compared to the previous year. Cisco raised its guidance for fiscal year 2027, projecting total revenue between $72.2 billion and $73.4 billion with AI infrastructure expected to reach $7.5 billion. The company also returned $12.7 billion in capital to shareholders through dividends and share repurchases. Despite the strong performance, CFO Mark Patterson noted a potential slight gross margin headwind for FY 2027 due to increased hardware shipments relative to software. CEO Charles Robbins highlighted ongoing risks from emerging technologies like quantum computing.
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Topics: ai infrastructure networking revenue operating margin revenue security solutions