More from CSCO Q4 2026

Cisco Systems, Inc.

CSCO2026 Q4Technology

1mo

Financial Performance Summary

Full fiscal 2026 non-GAAP EPS was $4.33, up 14% YoY; operating leverage highlighted by bottom-line growth outpacing revenue growth.
Full fiscal 2026 revenue was $63.3B, up 12% YoY; non-GAAP operating margin increased 40 bps to 34.8% and non-GAAP net income was $17.2B, up 13% YoY.
Non-GAAP gross margin in Q4 was 66.3%, down 210 bps YoY but up 30 bps QoQ; non-GAAP product gross margin was 64.8%, down 270 bps YoY; non-GAAP services gross margin was 71.6%, up 80 bps.
Non-GAAP net income in Q4 was $4.9B (record), and non-GAAP EPS was $1.22 (record), up 23% YoY.
Q4 fiscal 2026 record revenue of $17.3B, up 18% YoY; product revenue $13.5B, up 24% YoY; services revenue $3.8B, flat YoY.
Q4 operating cash flow was $5.4B, up 27% YoY; capital returns included $3.2B to shareholders in the quarter and $12.7B across fiscal 2026.

Cisco Systems, Inc.

CSCO2026 Q4Technology

1mo

this super cycle is really it is enabled because we uniquely have our systems, our silicon, our optics, security, observability, and really being able to integrate that into a stack for our customers.

Charles H. Robbins

CEO, Cisco Systems, Inc.

Context

Chuck Robbins explained what enables the networking super cycle during the discussion of AI-driven demand. Robbins connected Cisco’s integrated platform approach—systems, silicon, optics, security, and observability—to customer investing in networking for AI across cloud, on premise, and edge. He positioned this stack as differentiating Cisco with hyperscalers, telcos, and enterprises as they modernize for AI, security, and observability needs. He also framed the opportunity as early stages of a multiyear super cycle.

Cisco Systems, Inc.

CSCO2026 Q4Technology

1mo

$9.3B FY26 AI orders

Hyperscaler-related AI infrastructure orders surged to $9.3B in FY 2026

Management reported taking $4B in orders in Q4 and $9.3B total for FY 2026, with guidance later referencing $7.5B FY 2027 AI infrastructure revenue.

More from CSCO Q4 2026

Cisco Systems, Inc.

CSCO2026 Q4Technology

1mo

Financial Performance Summary

Full fiscal 2026 non-GAAP EPS was $4.33, up 14% YoY; operating leverage highlighted by bottom-line growth outpacing revenue growth.
Full fiscal 2026 revenue was $63.3B, up 12% YoY; non-GAAP operating margin increased 40 bps to 34.8% and non-GAAP net income was $17.2B, up 13% YoY.
Non-GAAP gross margin in Q4 was 66.3%, down 210 bps YoY but up 30 bps QoQ; non-GAAP product gross margin was 64.8%, down 270 bps YoY; non-GAAP services gross margin was 71.6%, up 80 bps.
Non-GAAP net income in Q4 was $4.9B (record), and non-GAAP EPS was $1.22 (record), up 23% YoY.
Q4 fiscal 2026 record revenue of $17.3B, up 18% YoY; product revenue $13.5B, up 24% YoY; services revenue $3.8B, flat YoY.
Q4 operating cash flow was $5.4B, up 27% YoY; capital returns included $3.2B to shareholders in the quarter and $12.7B across fiscal 2026.