Overview

• Cisco reported revenue of $14.67 billion, up 7.6% year over year, net income of $2.82 billion, and adjusted EPS of $0.99, narrowly topping consensus estimates.
• Cisco forecast adjusted EPS of $0.97 to $0.99 and revenue of $14.65 billion to $14.85 billion for Q1, and full-year EPS of $4.00 to $4.06 with revenue of $59 billion to $60 billion.
• CEO Chuck Robbins said webscale AI infrastructure orders more than doubled the original $1 billion target for fiscal 2025.
• Cisco joined the Stargate data center initiative with OpenAI and SoftBank, announced AI infrastructure partnerships with BlackRock and Microsoft, and unveiled new switches and routers designed for AI workloads.
• Shares slipped about 2% in extended trading despite a 19% year-to-date gain as investors weigh the sustainability of AI-driven demand and outlook.