By Trefis Team
Publication Date: 2026-10-29 13:06:00
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Cisco Systems (CSCO) stock returned 57.3% in the year to October 28, 2026, against 14.0% for the S&P 500. Over that year, management reported a jump in orders for its AI networking gear from the largest cloud companies. If that run could have been caught early, Cisco’s calls and filed results from before October 2025 should already show the business building. So what was Cisco saying back then?
Cisco’s Management Flagged AI Orders In November 2024
During the fiscal Q1 2025 call on November 13, 2024, management said Cisco expected to beat its target of $1 billion in AI orders for that fiscal year. Because the company provided its own forecast on a public call almost a year before the period measured here, a reader could have acted on it.
Yet that $1 billion target was small next to the $56.7 billion in revenue Cisco reported for fiscal 2025. You could hear about AI orders early,…
