EarningsQ4 2026 Earnings Report
MX:CSCO Q4 2026 EPS Results
Actual EPS$22.08
Consensus EPS$21.12
Beat/MissBeat by +$0.96
One Year Ago EPS$17.91
MX:CSCO Q4 2026 Revenue Results
Actual Revenue$312.18B
Expected Revenue$304.66B
Beat/MissBeat by +$7.52B
YoY Revenue Growth+17.58%
Earnings Announcement Details
QuarterQ4 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
MX:CSCO Upcoming Earnings
Cisco Systems's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:CSCO Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicates strong, broad-based demand and execution — record revenue, robust product and hyperscaler momentum, meaningful design wins, operating leverage, and strong cash returns. Key challenges include gross margin headwinds driven by a higher hardware mix and memory costs, flat services growth, modest recurring revenue expansion, and timing/linearity risks between large hyperscaler orders and revenue recognition. Management positions FY27 guidance conservatively while emphasizing durable secular drivers (Agentic AI, networking super cycle) and supply-chain actions to support continued growth.Company Guidance
Record Fiscal Year and Quarter Revenue
FY26 revenue $63.3B, up 12% YoY; Q4 revenue $17.3B, up 18% YoY — both record results for Cisco.
Strong Product and EPS Growth
Q4 product revenue $13.5B, up 24% YoY. Non-GAAP EPS Q4 $1.22, up 23% YoY; FY26 non-GAAP EPS $4.33, up 14% YoY.
Robust Order Momentum
Q4 product orders up 35% YoY; excluding hyperscale orders up 25%. Enterprise product orders +21% YoY; public sector orders +30% YoY; service provider & cloud orders +95% YoY; telco orders +30% YoY.
Hyperscale AI Infrastructure Traction
FY26 hyperscaler AI infrastructure orders $9.3B (≈4.5x FY25); Q4 hyperscale orders $4B. Company projects AI infrastructure revenue of $7.5B in FY27 and noted multiple new design wins (including 3 p200 scale-across wins).
Networking Momentum and Platform Strength
Networking product orders +40% in Q4; networking portfolio recorded 8th consecutive quarter of double-digit growth. Data center networking orders +35% YoY; campus networking product orders +20% YoY; Wi‑Fi 7 orders >50% of wireless orders in Q4.
Security and Observability Growth
Entire security portfolio (including Splunk) saw double-digit order growth in Q4. Splunk added >280 new logos in Q4 and exceeded the annual target of 1,000 new logos. Firewall orders +30% in Q4.
Profitability, Cash Flow, and Capital Returns
Q4 non-GAAP operating margin 35.9%; FY26 non-GAAP operating margin 34.8% (up 40 bps YoY). Operating cash flow Q4 $5.4B, up 27% YoY. Returned $12.7B to shareholders in FY26 (99% of free cash flow).
Product & Supply Positioning
Significant optics and silicon execution: Acacia >$1B in Q4 orders; shipped >850k 400‑gig and >75k 800‑gig coherent pluggable optics (as disclosed). Cisco is pursuing direct TSMC engagement for chip supply and expanding Silicon One deployment across systems.
MX:CSCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed