Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates

Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates

By Jordan Novet
Publication Date: 2026-02-11 21:59:00

Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026.

Krisztian Bocsi | Bloomberg | Getty Images

Cisco reported better-than-expected quarterly results on Wednesday, but the stock dropped about 7% in extended trading as earnings guidance for the current period only met estimates.

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: $1.04 adjusted vs. $1.02 expected
  • Revenue: $15.35 billion vs. $15.12 billion expected

Cisco’s revenue grew about 10% from $14 billion a year earlier, according to a statement. Net income increased to $3.18 billion, or 80 cents per share, from $2.43 billion, or 61 cents per share, in the same quarter a year ago. The adjusted figure excludes stock-based compensation costs.

For the current period, Cisco expects $1.02 to $1.04 in adjusted earnings per share and $15.4 billion to $15.6 billion in revenue. Analysts polled by LSEG were looking for $1.03 per share and $15.18 billion in…