Cisco shares jump as much as 19% after hours on AI order forecast increase

Cisco shares rose sharply in after-hours trading on May 13 after the fiscal third-quarter report, climbing upwards of 19% to about $122 according to Fortune. The gain followed the raised fiscal 2026 hyperscaler AI order forecast to $9 billion from $5 billion. The move shows how much the market was rewarding evidence that AI networking orders are converting into revenue.

• After-hours gain of upwards of 19%, to about $122
• Hyperscaler AI orders year to date reached $5.3 billion
• FY26 hyperscaler order forecast raised to $9 billion from $5 billion
• Cisco also announced nearly 4,000 job cuts with the results

SEC filing 8-K · accession 0000858877-26-000075 · sec.gov ↗