Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when CSCO files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsCisco reports record Q4 revenue of $17.3B, up 18%, and raises FY2027 guidance on AI demand
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
-
high
Q4 revenue of $17.3B (up 18% YoY) and non-GAAP EPS of $1.22 (up 23% YoY) exceeded guidance; full-year FY2026 revenue reached $63.3B (up 12% YoY) with non-GAAP EPS of $4.33 (up 14% YoY).
Exhibit 99.1 view on EDGAR → -
high
AI infrastructure orders totaled $9.3B in FY2026 (including $4B in Q4); company delivered ~$4B in AI revenue during FY2026 and expects $17.3 billion in FY2027, signaling strong hyperscaler demand.
Exhibit 99.1 view on EDGAR → -
high
FY2027 guidance projects revenue of $72.2B-$73.4B (14%-16% growth at midpoint) and non-GAAP EPS of $5.05-$5.11 (17% growth at midpoint), reflecting continued momentum and operating leverage.
Exhibit 99.1 view on EDGAR → -
medium
Declared quarterly dividend of $0.42/share payable October 21, 2026; returned $3.2B to shareholders in Q4 through $1.7B in dividends and $1.5B in buybacks.
Exhibit 99.1 view on EDGAR →
Summary
Cisco delivered record fourth-quarter and full-year fiscal 2026 results, with Q4 revenue of $17.3 billion (up 18% year-over-year) and non-GAAP EPS of $1.22 (up 23%), both exceeding guidance. Full-year revenue reached $63.3 billion (up 12%) with non-GAAP EPS of $4.33 (up 14%).
The standout driver was AI infrastructure, where Cisco booked $9.3 billion in orders during FY2026—including $4 billion in Q4 alone—from hyperscaler customers. The company delivered approximately $4 billion in AI infrastructure revenue during the fiscal year and expects that figure to reach $17.3 billion in FY2027, underscoring the scale and durability of this demand.
Management raised FY2027 guidance to $72.2–$73.4 billion in revenue (14%–16% growth at midpoint) and $5.05–$5.11 in non-GAAP EPS (17% growth at midpoint), reflecting confidence in sustained AI infrastructure momentum and operating leverage. The company also declared a $0.42 quarterly dividend and returned $3.2 billion to shareholders in Q4. For investors, the combination of record results, accelerating AI revenue, and raised guidance positions Cisco as a key beneficiary of enterprise and hyperscaler AI infrastructure buildouts.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Cisco reported first quarter fiscal 2026 results ended July 25, 2026, disclosing financial performance and non-GAAP methodology.
Added in current filing · verify on EDGAR →
On August 12, 2026, Cisco Systems, Inc. (“Cisco”) reported its results of operations for its fiscal fourth quarter and fiscal year 2026 ended July 25, 2026. A copy of the press release issued by Cisco concerning the foregoing results is furnished herewith as Exhibit 99.1.
Cisco disclosed its financial results for the fourth quarter and full fiscal year 2026, which ended July 25, 2026. The detailed results are contained in the press release attached as Exhibit 99.1. This filing announces the availability of earnings information but does not include the actual financial figures in the 8-K body itself.
Added in current filing · verify on EDGAR →
The attached exhibit includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data for the periods presented. It also includes future estimated ranges for gross margin, operating margin, tax provision rate and EPS on a non-GAAP basis.
The earnings release includes multiple non-GAAP financial measures alongside GAAP results, covering net income, margins, operating expenses, tax rates, and earnings per share. The company also provides forward-looking non-GAAP guidance ranges for key metrics. Investors should review both GAAP and non-GAAP figures to understand the company's performance and management's view of ongoing operations.
Added in current filing · verify on EDGAR →
For its internal budgeting process, Cisco’s management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, acquisition-related/divestiture costs, significant asset impairments and restructurings, significant litigation settlements and other contingencies (such as legal and indemnification settlements and the supplier component remediation amounts), gains and losses on investments, the income tax effects of the foregoing, and significant tax matters.
Cisco excludes several categories of expenses and items from its non-GAAP metrics, including stock compensation, acquisition-related costs, restructuring charges, litigation settlements, and investment gains/losses. Management uses these adjusted figures for internal budgeting and believes they better reflect ongoing operational performance. Investors should understand what is excluded when comparing non-GAAP to GAAP results.
Event · Exhibit 99.1
Cisco reported record Q4 and FY2026 results with 18% quarterly revenue growth, raised FY2027 guidance, and disclosed $9.3B in AI infrastructure orders.
Added in current filing · view on EDGAR →
Cisco reported fourth quarter revenue of $17.3 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.9 billion or $0.97 per share, and non-GAAP net income of $4.9 billion or $1.22 per share.
Cisco delivered Q4 revenue of $17.3 billion, up 18% year-over-year, exceeding guidance. GAAP EPS of $0.97 increased 52% year-over-year, while non-GAAP EPS of $1.22 rose 23%. The company achieved record top and bottom-line performance with strong execution across all geographies and customer markets.
Added in current filing · view on EDGAR →
Revenue: $63.3 billion ... Increase of 12% year over year ... Earnings per Share: GAAP: $3.33; Non-GAAP: $4.33 ... GAAP EPS increased 31% year over year ... Non-GAAP EPS increased 14% year over year
For fiscal year 2026, Cisco reported total revenue of $63.3 billion, up 12% year-over-year. GAAP EPS of $3.33 increased 31%, while non-GAAP EPS of $4.33 rose 14%. The company achieved its highest productivity metrics in 30 years measured by revenue, non-GAAP operating margin, and earnings per employee.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify