By Vandita Jadeja
Publication Date: 2026-05-30 15:03:00
Quick Read
Cisco (CSCO) reported record quarterly revenue of $15.84B with networking up 25% YoY and AI infrastructure orders of $5.3B year to date, though services revenue declined 1% YoY and operating cash flow fell 7% in Q3.
Cisco’s bull case to $175 by 2028 depends on sustained growth in AI infrastructure orders toward the raised $9B FY26 target, stabilizing gross margins pressured by lower-margin AI hardware, and extending campus networking refresh cycles into FY27 and FY28.
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Cisco Systems (NASDAQ:CSCO) just posted record quarterly revenue of $15.84 billion with networking up 25% year over year and AI infrastructure orders of $5.3 billion year to date. The stock has more than doubled, climbing 91.59% over the past year to $118.64. Can CSCO reach $175 by 2028? That is a stretch, but not impossible.
