Cisco rides ‘networking supercycle’ for strong Q4
Cisco is riding a multi-year “networking supercycle” fueled by demand for AI-related hardware and software across its product portfolio, CEO Chuck Robbins told analysts on the vendor’s fiscal fourth-quarter financial call.
Cisco is riding a multi-year “networking supercycle” fueled by demand for AI-related hardware and software across its product portfolio, CEO Chuck Robbins told analysts on the vendor’s fiscal fourth-quarter financial call.
The short version
- Accelerating adoption of agentic AI is driving customers to invest in Cisco’s networking stack across cloud, on-premise and edge environments, he said.
- “We delivered record revenue of $17.3 billion in the quarter, up an impressive 18% year-over-year with product revenue up 24% year-over-year,” Robbins said.
- In particular, Q4 networking product orders increased 40% year-over-year, marking the eighth consecutive quarter of double-digit growth.
What happened
Total product orders increased 35% (25% when excluding hyperscalers), with double-digit order growth across all geographies and customer markets, Robbins said. For the full year, revenue came in a $63.3 billion, which is up 12% compared to 2025.
Why it matters
Looking to fiscal 2027, Cisco executives said they expect revenue to be in the range of $72.2 billion to $73.4 billion, continuing the current momentum.
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