Cisco Systems reported record fiscal third-quarter revenue of $15.8 billion. Adjusted earnings reached $1.06 per share, exceeding analyst estimates.
The company secured $1.9 billion in AI-related orders from hyperscale clients during the quarter. Cisco raised its fiscal 2026 AI infrastructure order forecast to approximately $9 billion. This projection increased from a previous estimate of $5 billion.
Cisco shares surged more than 15% following the report. The results lifted sentiment across the broader technology hardware sector.