Cisco Stock Surges 8% on AI-Networking Boost, Raises Fiscal Outlook to $60.2B-$61B
Cisco Systems Inc. shares jumped 8% after the company raised its full-year revenue forecast to $60.2 billion-$61 billion, surpassing Wall Street expectations. The upward revision follows a $1 billion shortfall in earlier projections and comes on the heels of stronger-than-expected Q2 earnings.
Adjusted earnings for fiscal 2026 are now projected at $4.14 per share, edging past analyst estimates of $4.05. The rally reflects surging demand for high-performance networking infrastructure as enterprises accelerate AI deployments across data centers and cloud systems.
CEO Chuck Robbins told analysts AI-related orders reached $1.3 billion in the latest quarter—a 62.5% increase from the prior period's $800 million. The networking giant is redesigning chips and routing systems to handle AI workloads, competing with Broadcom and Hewlett Packard Enterprise while collaborating with Nvidia.
