Cisco reports quarterly results networking equipment

(Fred Tanneau/Getty Images)

Cisco’s AI orders from hyperscalers accelerate

The networking equipment maker has underperformed rivals amid an explosion in AI-related data center investment.

11/12/25 4:25PM

Cisco saw orders from AI hyperscalers accelerate in its most recent quarter, the company reported Wednesday after the close of trading in New York, sending its shares higher in the after-hours session.

For its fiscal Q1 of 2026, the computer networking equipment giant reported:

Non-GAAP earnings per share of $1.00 vs. the $0.98 expected by Wall Street analysts, according to FactSet.
Sales of $14.9 billion vs. the $14.78 billion consensus expectation.
AI infrastructure orders from hyperscalers of $1.3 billion vs. $800 million in the previous quarter.
Fiscal year 2026 sales guidance of $60.2 billion to $61.0 billion vs. analyst expectations for $59.64 billion.

Cisco has been an underperformer among networking equipment companies since the November 2022 launch of ChatGPT and the emergence of AI as a driver of booming investment in tech infrastructure.

Through the end of Tuesday’s trading session, the stock was up just 60% over the last three years. Smaller rivals like Arista Networks and Ciena Corp. have seen their value quadruple over the same period.

More Markets

See all Markets

Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC