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Home/News Feed/Cisco beats earnings and revenue estimates, boosts AI infrastructure orders forecast
CSCO
$111.75
-$0.02 -0.02%

Cisco beats earnings and revenue estimates, boosts AI infrastructure orders forecast

Company Fundamentals
13 May 2026
CNBC
View Source
Bullish
pluang ai news

Cisco reported better-than-expected earnings of $1.06 per share and revenue of $15.84 billion for the quarter ending April 25, surpassing analyst estimates. The company saw a 12% revenue increase year-over-year and raised its AI infrastructure order forecast to $9 billion for the fiscal year, up from $5 billion. Cisco also introduced new networking switches and routers with next-gen processors and launched a generative AI model leaderboard focused on cybersecurity. The strong results and optimistic guidance pushed Cisco shares higher in after-hours trading, highlighting growing investor confidence in its AI and networking growth prospects.

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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,...

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