Cisco Beats Q3 Estimates, Raises Full-Year Guidance on AI Demand
Cisco Systems (CSCO) reported Q3 2026 revenue of $15.84 billion, surpassing expectations, and raised its full-year revenue guidance to $62.8-$63.0 billion, driven by strong AI networking demand. Shares surged 17% in after-hours trading.
Key Numbers
Cisco Systems (NASDAQ: CSCO) reported fiscal Q3 2026 results that beat analyst estimates, with revenue of $15.84 billion versus the $15.56 billion consensus. Non-GAAP EPS came in at $1.06, also above expectations. The stock surged as much as 17% in after-hours trading.
Key Financial Results
| Metric | Q3 2026 | Consensus |
|---|---|---|
| Revenue | $15.84B | $15.56B |
| Non-GAAP EPS | $1.06 | N/A |
Highlights from the Release
Cisco attributed the strong performance to rising demand for AI networking solutions, which boosted sales in enterprise and data center segments. Management noted that the shift toward AI infrastructure is becoming a key growth driver.
Forward Guidance
The company raised its fiscal 2026 revenue guidance to a range of $62.8 billion to $63.0 billion, up from previous guidance. This upward revision reflects confidence in sustained demand.
Impact on Stock
CSCO shares jumped 17% in after-hours trading following the announcement, indicating investor optimism about the company's ability to capitalize on the AI boom.
What This Means for Investors
The guidance raise suggests Cisco is well-positioned to benefit from increased spending on AI infrastructure. However, investors should monitor the company's ability to maintain momentum amid intense competition.
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