Cisco posted $15.8 billion in revenue for fiscal Q3 2026, a 12% increase year-over-year and above Wall Street estimates of $15.56 billion. The company booked $5.3 billion in AI-related orders through the first nine months of the fiscal year, prompting it to nearly double its full-year AI orders target from $5 billion to $9 billion. Shares initially surged 15% on the earnings release before giving back roughly 7% of those gains, settling around $120 in mid-August. For Q4, Cisco guided for revenue of $16.7 billion to $16.9 billion and non-GAAP EPS of $1.16 to $1.18.
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