By Anders Bylund
Publication Date: 2026-05-14 14:49:00
Cisco Systems (CSCO +14.80%) reported fiscal Q3 2026 earnings last night. Investors loved what they saw, and the stock is up by 17% at 10 a.m. ET.
Today’s Change
(14.80%) $15.08
Current Price
$116.95
Cisco crushed expectations
This was a clean beat-and-raise report. Cisco’s Q3 sales rose 12% year over year to $15.8 billion. Adjusted earnings increased 10% to $1.06 per diluted share. The Street consensus had pointed to earnings near $1.04 per share on sales of roughly $15.5 billion.
Looking ahead, Cisco’s management also set full-year and next-quarter guidance targets well above the current analyst projections. Revenue guidance was approximately $1 billion above the consensus and the earnings targets raced 10% ahead of existing analyst targets.
Management cited heavy demand for AI data center infrastructure, far outweighing tariff uncertainty and…