CSCO
Cisco’s having a very Cisco kind of day
Cisco reported fourth-quarter and fiscal 2026 results on August 12th, and the headline is pretty simple: the networking giant is doing more than just staying relevant in the AI era — it’s cashing in on it. Revenue hit $17.3 billion in Q4, up 18% year over year, while non-GAAP EPS landed at $1.22. For the full year, revenue reached $63.3 billion and non-GAAP EPS came in at $4.33.
The AI hype is now an order book story
This wasn’t just a “beat and raise” moment. Cisco said total product orders jumped 35% in the quarter, or 25% excluding hyperscalers, with networking product orders growing 40% year over year. That’s the kind of number that suggests customers aren’t just curious about AI infrastructure — they’re actively buying the plumbing.
A few other nuggets that matter:
- Cisco took in $4 billion of orders in Q4 tied to AI infrastructure demand from hyperscalers
- It delivered about $4 billion of revenue from those orders in FY 2026
- The company expects roughly $7.5 billion of revenue from that business in FY 2027
Translation: the AI gold rush is starting to look less like a buzzword and more like an actual revenue stream.
Guidance says the party isn’t over yet
Cisco guided Q1 FY 2027 revenue to $18.0 billion to $18.2 billion, with non-GAAP EPS of $1.32 to $1.34. For the full year, it’s looking for $72.2 billion to $73.4 billion in revenue and non-GAAP EPS of $5.05 to $5.11.
That’s the corporate equivalent of saying, “Yes, we had a good quarter, and no, we’re not done.” If you own the stock, you probably wanted proof that Cisco could grow in an AI-driven market without losing its old-school cash machine vibe. This report gives you both.
Big picture:
Cisco isn’t just a legacy networking name anymore — at least not in the way people used to mean it. The company is positioning itself as a core picks-and-shovels play for AI infrastructure, and today’s numbers suggest Wall Street may need to keep paying attention.