By @SiliconANGLE
Publication Date: 2026-02-11 23:43:00
Cisco Systems Inc. posted second-quarter financial results that beat Wall Street’s expectations today, but investors punished the company after it offered soft guidance for the current quarter.
The networking giant reported adjusted earnings of $1.04 per share, beating the analysts’ consensus estimate of $1.02 per share, while revenue increased by about 10% from a year earlier, to $15.35 billion, ahead of the $15.12 billion forecast. The higher sales enabled Cisco to grow its bottom line, as the company reported net income of $3.18 billion at the end of the quarter, up from $2.43 billion in the same period one year earlier.
Cisco’s results were decent enough, but the market reacted badly to what was perceived as relatively weak guidance for the current quarter. The company said it’s looking for third-quarter earnings of between $1.02 and $1.04 per share, matching the Street’s target of $1.03. It’s also targeting revenue in a range of $15.4 billion to $15.6…
