By Proactive
Publication Date: 2026-05-14 14:53:00
Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) reported fiscal third quarter 2026 results that topped Wall Street expectations on both revenue and earnings, driven by accelerating demand for AI infrastructure, sending shares up about 14% to about $116 on Thursday morning.
The company posted adjusted earnings per share of $1.06 for the quarter ended April 2026, compared with analyst expectations of $1.04.
Revenue came in at $15.84 billion, above estimates of $15.56 billion, and up 12% year-over-year.
Cisco said the quarter reflected broad-based strength across its portfolio. Growth was increasingly driven by AI-related infrastructure demand, particularly from hyperscale customers. Total product orders rose 35% year-over-year, or 19% excluding hyperscalers.
Networking orders increased more than 50%, while data center switching orders grew more than 40%….
