On Aug 12, 2026, Cisco (CSCO) reported FQ4 results that beat consensus on EPS ($1.22 adjusted vs $1.17 expected) and...

On Aug 12, 2026, Cisco (CSCO) reported FQ4 results that beat consensus on EPS ($1.22 adjusted vs $1.17 expected) and revenue ($17.25B vs $16.82B expected), and issued a current-quarter revenue forecast of $18.0-18.2B, well above the $16.8B average estimate (CNBC). Full-year FY27 revenue guidance of $72.2-73.4B and a near-doubling of AI infrastructure revenue to $7.5B from ~$4B in FY26 signal accelerating hyperscaler demand for Cisco networking gear. Hyperscalers placed $4B in infrastructure orders in the quarter, bringing the FY26 total to $9.3B (CNBC). MarketWatch describes an AI "supercycle" with record results, while shares pulled back because investors sought an even bigger payoff. Bloomberg flags the AI outlook as a disappointment relative to expectations. Seeking Alpha confirms double-digit Y/Y growth across Networking, Collaboration, and Security, led by EMEA and Americas. Separately, CISA added CVE-2026-20349 to its Known Exploited Vulnerabilities catalog on Aug 11, a heap inspection flaw in Secure Firewall ASA/FTD allowing unauthenticated remote DoS, with a patch due by Aug 14 (CISA). This is a security risk for Cisco's firewall product line but does not offset the infrastructure demand signal.

What the sources said:

• "Cisco shares dropped in extended trading on Wednesday despite a better-than-expected earnings report and a revenue forecast that sailed past estimates." — CNBC
• "Hyperscalers, or the internet giants driving much of the AI spend, placed $4 billion of infrastructure orders in the quarter, bringing the total for the fiscal year to $9.3 billion." — CNBC
• "Cisco sees record results from an AI ‘supercycle,’ but its stock pulls back." — MarketWatch
• "Networking, Collaboration, and Security post double-digit Y/Y growth; regional revenue growth led by EMEA and Americas." — Seeking Alpha