Cisco reports Q4 revenue up 18% YoY to $17.25B, vs. $16.82B est., AI infrastructure orders from hyperscalers worth $4B, forecasts FY 2027 revenue above est. (Juby Babu/Reuters)
Cisco Systems (CSCO.O) forecast fiscal 2027 revenue above Wall Street expectations on Wednesday, signaling confidence that strong demand …
On August 12, Cisco Systems projected fiscal 2027 revenue to exceed Wall Street predictions, suggesting robust prospects driven by robust demand for its AI networking products. The San Jose-based firm's stock surged by 3% in after-hours trading, having risen more than 56% year-to-date. Cisco's progress can be attributed to hyperscale cloud providers and enterprises constructing infrastructure to manage the intricate needs of generative AI.
The networking leader attracted AI infrastructure orders from hyperscalers totaling $4 billion during the fourth quarter ending July 25, accumulating to $9.3 billion overall. Cisco anticipates annual revenue ranging from $72.2 billion to $73.4 billion, surpassing analysts' average forecast of $68.69 billion, as per LSEG data. The company reported $17.25 billion in revenue for the fourth quarter ending July 25, surpassing estimates of $16.82 billion.
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