Cisco Systems gave investors its first full-year revenue view for artificial intelligence, but the forecast did not satisfy the market. According to the company’s earnings release, AI-related sales are expected to account for about 10% of Cisco’s total revenue in fiscal 2027, while full-year revenue is projected at $72.2 billion to $73.4 billion. Some analysts viewed that target as too conservative, especially because Cisco had already booked roughly $4 billion in AI-related orders in the quarter through July 25. After the results were released, Cisco shares fell about 4% in after-hours trading. Chief Executive Officer Chuck Robbins said AI-related revenue for fiscal 2026 was about $4 billion, while orders topped $9 billion. He said large AI orders are often placed well ahead of revenue recognition, creating a time lag between bookings and reported sales. For the same period, Cisco reported fourth-quarter revenue of $17.3 billion, up 18% from a year earlier and above the $16.8 billion expected by the market. Adjusted earnings per share came in at $1.22, also ahead of the $1.17 consensus estimate, according to Bloomberg.
Cisco Systems shares fell about 4% in after-hours trading after the company released earnings and gave investors its first full-year revenue forecast for artificial intelligence.
According to the company’s results, AI-related sales are expected to make up about 10% of Cisco’s total revenue in fiscal 2027. Cisco also projected full-year revenue of $72.2 billion to $73.4 billion.
Some analysts said the outlook appeared conservative. In the quarter through July 25 alone, Cisco secured about $4 billion in AI-related orders.
Chief Executive Officer Chuck Robbins said Cisco’s AI-related revenue for fiscal 2026 was about $4 billion, while orders exceeded $9 billion. He said large AI orders are typically placed in advance, which creates a gap between order intake and when that business is recorded as revenue.
For the same reporting period, Cisco said fourth-quarter revenue rose 18% year over year to $17.3 billion, above market expectations of $16.8 billion. Adjusted earnings per share were $1.22, ahead of the expected $1.17.
Bloomberg reported the details.
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