Quarterly ResultMay 13, 2026, 04:13 PM
Cisco Q3 Revenue $15.8B, EPS $1.06; Announces Restructuring Plan
AI Summary
Cisco Systems, Inc. reported strong Q3 FY2026 results, with record revenue of $15.8 billion, a 12% increase year-over-year, and non-GAAP EPS of $1.06, up 10%. The company experienced broad-based demand, particularly for AI infrastructure, leading to a raised FY2026 AI orders expectation of $9 billion. Concurrently, Cisco announced a restructuring plan to invest in key growth areas like AI, silicon, and security, anticipating up to $1 billion in pre-tax charges. The company also declared a quarterly dividend of $0.42 per share and provided positive Q4 and full-year FY2026 guidance.
Key Highlights
- Announced restructuring plan with up to $1 billion in pre-tax charges.
- Q3 FY2026 Revenue: $15.8 billion, up 12% year-over-year.
- Q3 FY2026 Non-GAAP EPS: $1.06, up 10% year-over-year.
- Raised FY2026 AI infrastructure orders to $9 billion (from $5 billion).
- Q4 FY2026 Revenue Guidance: $16.7B - $16.9B; Non-GAAP EPS: $1.16 - $1.18.
- Declared quarterly dividend of $0.42 per common share.
- Total product orders up 35% YoY; Networking orders up >50% YoY.
- Returned $2.9 billion to stockholders via buybacks and dividends.