Cisco (CSCO)
NASDAQ:CSCO
Want to see CSCO full AI Analyst Report?
Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.16Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based demand driven by AI infrastructure, networking, optics and hyperscaler wins, with record revenue, robust order growth (35% total product orders) and improved operating performance. Key positives include material hyperscaler AI momentum (Q3 hyperscaler orders $1.9B; FY '26 hyperscaler orders now expected ~ $9B), accelerating networking and Acacia optics growth, and disciplined capital returns. Near-term headwinds include product gross margin pressure from memory and mix, the Splunk cloud transition weighing on revenue, sizable inventory and advanced purchase commitments, and restructuring charges of up to $1B. On balance the strengths — notably the AI and hyperscaler traction and above-guidance results — outweigh the challenges presented, supporting an upbeat outlook but with watch points around margin and execution of supply/cost initiatives.Company Guidance
Record Quarterly Revenue and EPS Beat
Q3 revenue was a record $15.8B, up 12% year-over-year and above the high end of guidance. Non-GAAP net income was $4.2B and non-GAAP EPS was $1.06, up 10% year-over-year.
Strong Product Revenue and Orders Growth
Total product revenue was $12.1B, up 17% YoY. Total product orders grew 35% YoY; excluding hyperscalers orders grew 19% YoY, indicating broad-based demand.
AI Infrastructure Momentum with Hyperscalers
AI infrastructure orders from hyperscalers were $1.9B in Q3 (vs $600M a year ago). Year-to-date hyperscaler orders are $5.3B (exceeding prior $5B expectation) and Cisco now expects ~ $9B of AI infrastructure orders from hyperscalers in FY '26 (4.5x FY '25), with ~$4B of revenue recognition expected in FY '26.
Networking Portfolio Strength
Networking product orders grew >50% in Q3, marking the seventh consecutive quarter of double-digit networking growth. Enterprise data center switching orders grew >40% YoY; campus networking orders were record +25% YoY; wireless orders grew >40% YoY with WiFi 7 comprising ~50% of the wireless mix.
Acacia Optics and Silicon Wins
Acacia optics had its strongest quarter with >$1B in orders in Q3 and is on track to grow >200% YoY in FY '26. Cisco reported shipments of >750,000 400G and >40,000 800G coherent pluggables and secured multiple Silicon One design wins (including P200) across hyperscalers.
Service Provider & Cloud Acceleration
Product orders from service provider and cloud customers accelerated +105% YoY in Q3, driven by triple-digit growth from five top hyperscalers; telco orders up 9% and public sector orders up 27% YoY.
Security Product Traction (Excluding Splunk)
Core Cisco security portfolio (excluding Splunk) saw double-digit order growth across new and refreshed products in Q3; over 1,000 new customers purchased new security products in Q3 and ~5,000 net new customers since launch.
Strong Financial Position & Capital Returns
Ended Q3 with $16.6B in cash and investments. Operating cash flow was $3.8B. Returned $2.9B to shareholders in the quarter (dividends $1.7B, repurchases $1.3B) and year-to-date repurchases exceeded $9B with $9.6B remaining authorization.
Guidance and FY '26 Confidence
Q4 revenue guidance $16.7B–$16.9B; non-GAAP EPS $1.16–$1.18. Full year FY '26 revenue guidance $62.8B–$63.0B and non-GAAP EPS $4.27–$4.29, indicating management expects fiscal '26 to be Cisco's strongest year ever.
Product and Services Innovation Adoption
Cisco IQ generally available with >250 customers; Circuit assistant widely adopted with ~8M quarterly interactions; announced quantum networking prototype and expanded Secure AI factory with NVIDIA, demonstrating product innovation adoption and strategic positioning for AI-era demand.
CSCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $101.87 | $115.53 | +13.41% |
Feb 11, 2026 | $85.08 | $74.59 | -12.32% |
Nov 13, 2025 | $76.55 | $77.17 | +0.80% |
Aug 14, 2025 | $68.15 | $65.10 | -4.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cisco (CSCO) report earnings?
Cisco (CSCO) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Cisco (CSCO) earnings time?
Cisco (CSCO) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSCO EPS forecast?
CSCO EPS forecast for the fiscal quarter 2026 (Q4) is 1.16.
