Cisco Earnings Report Shows Record Q4 FY2026 Revenue
Pravin Bisen
Cisco Reports $17.3 Billion in Q4 FY2026 Revenue
Cisco Systems (NASDAQ: CSCO) released its Cisco earnings report for the fourth quarter of fiscal year 2026. The company posted quarterly revenue of $17.3 billion, up 18% from the same period last year. San Jose, California-based Cisco said the results beat the high end of its own guidance range.
Source: Official Post
Net income on a GAAP (Generally Accepted Accounting Principles) basis came in at $3.9 billion, or $0.97 per share. Non-GAAP net income, which excludes one-time items like stock compensation, reached $4.9 B, or $1.22 per share. Both figures topped company guidance.
What The Numbers Show
Product orders grew 35% Y/Y in Q4. Excluding hyperscaler customers (large cloud providers like Amazon and Microsoft that operate massive data centers), orders were still up 25%, with double-digit growth across every region.
Networking product orders rose 40% Y/Y, marking the eighth straight quarter of double-digit growth in that segment.
Metric | Q4 FY2026 | Q4 FY2025 | Change |
Revenue | $17.3B | $14.7B | +18% |
GAAP Net Income | $3.9B | $2.6B | +51% |
GAAP EPS | $0.97 | $0.64 | +52% |
Non-GAAP EPS | $1.22 | $0.99 | +23% |
Operating Cash Flow | $5.4B | $4.2B | +27% |
Source: Official Newsroom
AI Infrastructure Orders Gain Pace
The Cisco earnings report also highlighted rising demand tied to artificial intelligence infrastructure from hyperscale customers. CSCO booked $4 B in AI infrastructure orders during Q4 alone, bringing the full fiscal year 2026 total to $9.3 billion.
The company delivered about $4 B in AI infrastructure revenue for FY2026 and expects that figure to reach $7.5 B in FY2027.
Full Annual Results and Dividend
For the full fiscal year 2026, Cisco reported revenue of $63.3 billion, a 12% increase over FY2025. GAAP EPS for the year was $3.33, up 31%, while non-GAAP EPS reached $4.33, up 14%.
Cisco declared a quarterly dividend of $0.42 per share. For full financial details, visit the Cisco Investor Relations page. payable October 21, 2026, to shareholders of record as of October 2, 2026. The company also returned $3.2 B to shareholders in Q4 through buybacks and dividends combined.
"We delivered a very strong close to fiscal 2026, marking another record annual for CSCO," said Chuck Robbins, chair and CEO of the project, in the official release.
Projects Stronger Revenue for Fiscal 2027
Cisco issued guidance for the first quarter of fiscal 2027, projecting revenue between $18.0 billion and $18.2 B. Non-GAAP EPS sits between $1.32 and $1.34.
For the full fiscal year 2027, CSCO expects revenue between $72.2 B and $73.4 billion, with non-GAAP EPS guidance of $5.05 to $5.11.
CSCO Stock Slips in Pre-Market Trading Despite Strong Results
Despite the earnings beat, CSCO shares fell in pre-market trading following the report. The stock closed the previous session at $123.88, up 2.86%.
In pre-market trading, shares dropped to $116.42, a decline of 6.02%, according to trading data. The move suggests investors may be weighing the AI infrastructure order pace or FY2027 guidance against expectations."
Note: Price shown is subject to change as per market trading hours.
Source: Tradingview Chart
Expert Opinion
The CSCO earnings report reflects a period of accelerating product demand, particularly in networking and AI infrastructure orders. Revenue and EPS growth exceeded the company's own guidance range, and forward for FY2027 points to continued expansion.
The scale of hyperscaler-driven AI infrastructure orders, still a relatively small share of total revenue, suggests this segment could become a larger contributor if current order trends hold.
As with any earnings report, actual future performance will depend on execution against guidance and broader macroeconomic conditions.
YMYL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research before making any investment decisions.
