Cisco achieves $63.3 billion in FY 2026 revenue
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Cisco (NASDAQ:CSCO) reported record fiscal 2026 results, with annual revenue reaching $63.3 billion, up 12% year over year, as fourth-quarter revenue increased to $17.3 billion.
Cisco (NASDAQ:CSCO) reported record fiscal 2026 results, with annual revenue reaching $63.3 billion, up 12% year over year, as fourth-quarter revenue increased to $17.3 billion.
Cisco (NASDAQ:CSCO) reported third-quarter fiscal 2026 revenue of $15.8 billion, a 12% increase from the prior-year period.
Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company's restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look.
Cisco's fourth-quarter sales forecast topped estimates and the company announced plans to cut thousands of jobs. Lindsey Bell of 248 Ventures reacts to the report on "Bloomberg The Close."
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