Cisco Systems reports stronger-than-expected earnings and revenue for Q3 2026, raising full-year guidance.
Cisco Systems posted Q3 adjusted earnings per share of $1.06, above the $1.04 estimate, as revenue climbed to $15.8 billion from expectations of $15.57 billion. Product revenue reached $12.12 billion, surpassing the $11.79 billion forecast, while service revenue slightly missed at $3.72 billion versus $3.78 billion expected.
The company raised its full-year revenue guidance to $61.7 billion–$61.9 billion from a prior range of $61.2 billion–$61.7 billion. Adjusted EPS guidance for Q4 was set at $1.16–$1.18, above the $1.07 estimate, though gross margin projections of 65.5%–66.5% fell short of the 66.6% consensus.
Remaining performance obligations stood at $43.46 billion, slightly ahead of the $43.27 billion estimate, reflecting steady demand for long-term contracts.