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Home/News Feed/Cisco raises full-year outlook as AI demand boosts Q1 revenue and earnings beyond expectations
CSCO
$112.00
+$0.23 +0.21%

Cisco raises full-year outlook as AI demand boosts Q1 revenue and earnings beyond expectations

Company Fundamentals
14 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

Cisco Systems reported fiscal Q3 2026 results exceeding Wall Street estimates, driven by strong AI infrastructure demand. Revenue rose 12% year-over-year to $15.84 billion, with adjusted EPS of $1.06 beating forecasts. Product orders surged, especially in networking and data center switching, fueled by hyperscale customers and ongoing upgrades. Cisco raised its full-year revenue outlook to $62.8-$63 billion and adjusted EPS to $4.27-$4.29, highlighting its key role in AI infrastructure and enterprise networking growth. UBS raised its price target to $132, citing operational resilience and sustained AI-driven demand.

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Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

An analyst rates Cisco Systems as a buy with a $147 price target, suggesting 21% upside from its current price of $121. The positive outlook is based on growth drivers like hyperscaler AI infrastructure, enterprise AI orders, Wi-Fi 7, smart switches,...

Analyst Insights
Bullish
1 day ago
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