Cisco reported record fourth quarter revenue of $17.3 billion, surpassing expectations as hyperscaler demand for AI infrastructure accelerated. The company achieved its highest productivity metrics in 30 years, driven by a networking supercycle that saw total product orders climb 35% year-over-year and networking-specific orders rise 40%.
Key Highlights
- Q4 revenue of $17.3 billion increased 18% year-over-year, while non-GAAP EPS of $1.22 grew 23%, both exceeding the high end of management guidance.
- Annual hyperscaler AI infrastructure orders reached $9.3 billion, beating the company’s raised $9 billion target, with $4 billion of those orders secured in Q4 alone.
- Networking segment revenue rose 28% to $9.8 billion, marking the eighth consecutive quarter of double-digit order growth across all geographies and customer markets.
- Fiscal 2027 guidance projects significant growth with revenue of $72.2 billion to $73.4 billion, including an expected $7.5 billion in AI-related revenue.