Cisco Systems is trading 3.02% down at €103.54 after its August 12, 2026 fiscal Q4 earnings release, as investors focused on declining gross-margin guidance despite strong results.

  • Revenue rose 18% to $17.3 billion, while non-GAAP EPS reached $1.22.
  • Q1 non-GAAP gross margin is forecast at 65%-66%, versus Q4’s 66.3% and the prior-year 68.4%, as a heavier hardware mix supports AI infrastructure growth.