By Rich Smith
Publication Date: 2026-02-12 15:29:00
Faster sales growth may not be enough to save Cisco stock.
Cisco Systems (CSCO +2.47%) stock tumbled 9.7% through 10:10 a.m. ET Thursday despite beating on both top and bottom lines in its fiscal Q2 2026 earnings report last night.
Analysts expected Cisco to earn $1.02 per share on $15.1 billion in sales, but Cisco actually earned $1.04 per share (adjusted for one-time items) on sales of $15.3 billion.
Image source: Getty Images.
Cisco Q2 earnings
Sales set a new quarterly revenue for at the networking equipment maker, rising 10% year over year. Adjusted earnings rose 11%, and earnings as calculated according to generally accepted accounting principles (GAAP) surged 31%. (GAAP profits still weren’t as good as the non-GAAP number, however — only $0.80 per share.)
Best of all, Cisco said it’s enjoying “accelerating, double-digit growth in product orders across all geographies and robust growth across all customer markets,” with product orders up 18% year over year,…
