By Zacks Equity Research
Publication Date: 2026-05-22 19:00:00
Cisco Systems CSCO is benefiting from an accelerating demand for AI infrastructure and enterprise networking modernization, which drove fiscal third-quarter 2026 results. The company reported record quarterly revenues of $15.8 billion, up 12% year over year, while product revenues increased 17% year over year to $12.1 billion. Networking remained the primary growth engine, with networking product revenues rising 25%, fueled by AI infrastructure deployments and campus networking refresh cycles.
Cisco’s networking product orders grew more than 50% year over year in the fiscal third quarter, marking the seventh consecutive quarter of double-digit growth. Demand remained broad-based across service provider routing, data center switching, campus switching, wireless, enterprise routing and industrial IoT products. Enterprise product orders increased 18%, while service provider and cloud orders surged 105%, supported by triple-digit growth from five major hyperscalers. The telecom…