Cisco Revenue Grows 18% in Q4 Driven by AI Infrastructure Surge

Key Facts

1Cisco Systems reported Q4 2026 revenue growth of 18% year-over-year to $17.252 billion.

2Adjusted EPS beat consensus driven by significant growth in hyperscaler AI infrastructure orders.

3An analyst firm cut its price target while maintaining a Neutral rating despite operating margin expansion.

Cisco Systems reported Q4 2026 revenue growth of 18% year-over-year to $17.252 billion. AD HOC NEWS reported that adjusted EPS beat consensus estimates, fueled by significant momentum in hyperscaler AI infrastructure orders which reached $9.3 billion for fiscal year 2026.

CSCO closed at $106.94 on September 29, 2026, while Piper Sandler cut its price target for the stock from $132.00 to $125.00, maintaining a Neutral rating. Although non-GAAP gross margins fell 210 basis points to 66.30%, operating margins expanded to 35.90% as networking revenue rose 28% to $9.791 billion according to Yahoo Finance.