By Derek Lewis
Publication Date: 2026-05-26 21:54:00
The 2026 Q1 earnings cycle is essentially over, though there is a handful of S&P 500 companies yet to report. The AI frenzy has continued to dominate sentiment throughout the period, with favorable demand trends surrounding the buildout leading to record results from several companies, including Cisco Systems CSCO and NVIDIA NVDA.
Cisco Breaks Records
Cisco is positioned to provide critical AI infrastructure with an industry-leading networking portfolio, AI-native security solutions, and operating systems.
Sales of $15.8 billion set a record for the company and exceeded the high end of its prior guidance. The company noted broad-based, record-high demand for its technology, with overall product orders growing by a sizable 35% YoY. Importantly, data center switching orders grew 40% from the year-ago period, underpinning its important role amid the buildout.
Favorable EPS revisions for its current and next fiscal year have helped land it into a Zacks Rank #2 (Buy).
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