Why Is Cisco (CSCO) Up 5.5% Since Last Earnings Report?

A month has gone by since the last earnings report for Cisco Systems (CSCO). Shares have added about 5.5% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Cisco due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the latest earnings report in order to get a better handle on the important drivers.

CSCO Q3 Earnings Beat Estimates, Strong Networking Aids Top Line

Cisco Systems reported third-quarter fiscal 2026 non-GAAP earnings of $1.06 per share, beating the Zacks Consensus Estimate by 1.92%. The figure increased 10% year over year.

Revenues of $15.841 billion topped the consensus mark by 1.71% and grew 12% year over year. Annualized recurring revenues were $31.2 billion at the end of the reported quarter, up 2%, underscoring the continued buildout…