Cisco reports $9.30 billion in AI infrastructure orders for FY2026, guiding to $7.50 billion in AI revenue for FY2027.
Cisco Systems booked $9.30 billion in AI infrastructure orders for fiscal year 2026, reinforcing its position as a key hyperscaler supplier. The company guided to $7.50 billion in AI revenue for FY2027, trading at a forward P/E of 22x, below peers like Arista and HPE.
In Q4 FY2026, Cisco reported $17.25 billion in revenue, up 17.58% year over year, with non-GAAP EPS of $1.22. Networking revenue surged 28% to $9.79 billion, while hyperscaler AI orders reached $4 billion for the quarter. The stock has gained 44.33% year to date but dipped 3.42% in the past week.
Analysts set a price target of $139.67, implying 25.03% upside from the current $111.69. The stock trades near its 52-week high of $129.88, supported by strong AI-driven demand and cross-selling opportunities with Splunk.