Cisco beats fiscal Q4 2026 estimates and guides FY2027 above consensus, but shares fall on margins

Cisco reported fourth-quarter fiscal 2026 revenue of $17.3 billion, up 18%, and non-GAAP EPS of $1.22, up 23%, both above Street expectations. Networking product revenue rose 28% and networking orders rose 40%, while total product orders rose 35%. Guidance for fiscal 2027 revenue of $72.2 billion to $73.4 billion and first-quarter revenue of $18.0 billion to $18.2 billion was above consensus, but shares fell more than 4% after hours as investors focused on gross margin.

• Q4 FY26 revenue $17.3 billion, up 18%; non-GAAP EPS $1.22, up 23%
• Networking product revenue $9.79 billion, up 28%; security $2.23 billion, up 14%
• Hyperscaler AI infrastructure orders about $4 billion in Q4 and $9.3 billion in FY26
• Q1 FY27 guidance: revenue $18.0 to $18.2 billion, non-GAAP EPS $1.32 to $1.34
• FY27 guidance: revenue $72.2 to $73.4 billion, non-GAAP EPS $5.05 to $5.11