
Cisco reports record Q3 revenue as AI infrastructure orders surge
Cisco (NASDAQ:CSCO) reported third-quarter fiscal 2026 revenue of $15.8 billion, a 12% increase from the prior-year period.
The company’s bottom line saw even sharper growth, with GAAP earnings per share (EPS) jumping 37% to $0.85.
On an adjusted, non-GAAP basis, EPS rose 10% to $1.06, reflecting strong operational leverage and a favorable product mix.
The core Networking segment was the standout performer, posting 25% revenue growth as enterprises and hyperscale providers upgraded data center environments to handle intensive AI workloads.
Total product orders surged by 35% year-over-year, suggesting a robust pipeline for the coming quarters.
Cisco management notably increased its projections for AI-related infrastructure, citing a "unique vantage point" at the intersection of security and connectivity.
The company now expects AI infrastructure orders to become a more dominant driver of revenue through the end of the fiscal year.
Based on this momentum, Cisco raised its guidance for both the fourth quarter and the full fiscal year 2026.
In a further sign of confidence, the Cisco Board of Directors declared a quarterly dividend of $0.42 per common share.
The dividend is payable on July 22, 2026, to stockholders of record as of the close of business on July 6, 2026.