Cisco shares rise 5.11% to $98.65 ahead of quarterly results
Key Facts
Cisco shares rose 5.11%, or $4.80, in Monday’s session on November 9, 2026, closing at $98.65, according to Reuters data via Investing.com. The gains came ahead of the company’s first-quarter fiscal 2027 results, scheduled for after the market closes on Thursday, November 12. The results cover the period ended October 24, 2026. Investors are watching whether Cisco can turn strong demand for networking and AI infrastructure products into actual revenue growth. The results will also provide the first new operating comparison with the company’s guidance for the current quarter and fiscal year.
Cisco’s gains were in line with the broader market trend: the Dow Jones rose 2.15%, the S&P 500 gained 2.34%, and the Nasdaq Composite advanced 2.74% in the same session, according to Reuters via Investing.com. The moves placed the stock’s rise within a broader rally in U.S. equities that day. Cisco posted a larger gain than all three market indexes, but a single session does not by itself establish the reasons for the move. There is no evidence that anticipation of AI orders caused the stock’s rise in this session. That demand remains an important focus in monitoring the company’s upcoming results, but is not a confirmed explanation for the day’s gains.
In the latest financial results available ahead of the earnings release, Cisco said fourth-quarter fiscal 2026 revenue was $17.3 billion, up 18% year over year. Non-GAAP earnings per share were $1.22, up 23% from the same period. Chief Financial Officer Mark Patterson said the company posted record revenue, non-GAAP operating income and earnings per share for the quarter, and that results exceeded the high end of its guidance ranges. Total product orders also rose 35% year over year, while networking product orders increased 40%. These figures provide a baseline for comparison with performance in the quarter ended October 24, but they relate to the previous quarter and are not the awaited first-quarter results.
In AI, Cisco reported receiving $9.3 billion in orders from hyperscalers during fiscal 2026, including $4 billion in the fourth quarter alone. Orders differ from recognized revenue: the company said it recorded about $4 billion in AI infrastructure revenue in fiscal 2026. Cisco expects revenue from this business to reach $7.5 billion in fiscal 2027. That puts the upcoming announcement under investor scrutiny for the performance of this business and the gap between orders the company receives and sales reflected in revenue. Cisco said in its previous earnings statement that “$4 billion in orders were recorded in the fourth quarter, bringing the fiscal 2026 total to $9.3 billion.”
Direct points of comparison include Cisco’s first-quarter fiscal 2027 guidance, which set revenue at between $18.0 billion and $18.2 billion and non-GAAP earnings per share at between $1.32 and $1.34. For full-year fiscal 2027, the company forecast revenue of between $72.2 billion and $73.4 billion and non-GAAP earnings per share of between $5.05 and $5.11. The upcoming results will allow investors to compare quarterly performance with those ranges, alongside updated indicators of networking and AI demand. In the fourth quarter, the company said it returned $3.2 billion to shareholders through share repurchases and dividends. Those figures provide context on financial performance and capital allocation ahead of the latest session.
Cisco scheduled the results announcement for after the market closes on Thursday, November 12, 2026, with the announced discussion call set to begin at 1:30 p.m. Pacific time, or 4:30 p.m. Eastern time. The report covers the period ended October 24 and comes during a week in which The Associated Press said Cisco and Applied Materials would report results on Thursday. The agency noted that attention during the week was on indicators of demand for AI and data centers. For Cisco, the results will bring together a reading of quarterly operating performance and an update to the financial outlook it set for the year. They will also show how much continued growth in orders recorded in the previous period is supporting actual revenue.