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Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates
Cisco beat Q2 EPS and revenue estimates, raised fiscal 2026 guidance targeting 8.5% growth, driven by 21% networking revenue increase and $2.1 billion in AI infrastructure orders.
- On Wednesday, Cisco reported better-than-expected results, but the stock fell about 7% in extended trading after guidance only met estimates.
- Cisco issued guidance that shows $1.02 to $1.04 in EPS and $15.4 billion to $15.6 billion in revenue, in line with analysts polled by LSEG forecasts.
- Cisco reported adjusted EPS of $1.04 and revenue of $15.35 billion, with net income rising to $3.18 billion, or 80 cents per share.
- CEO Chuck Robbins, appearing at the World Economic Forum in Davos on Jan. 21, 2026, will discuss results during the conference call at 4:30 p.m. ET.
- For fiscal 2026 Cisco targets , Cisco is seeing momentum in AI, booking $15.1 billion in orders from hyperscalers and launching a switch with Nvidia.
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BizTocWhy Cisco Stock Dropped After Earnings Today
Key PointsCisco beat on both sales and earnings last night, and forecasts more sales growth ahead.Investors don't care -- because Cisco's profits are about to fall.10 stocks we like better than Cisco Systems › Cisco Systems (NASDAQ: CSCO) stock tumbled 9.7% through 10:10 a.m. ET Thursday despite beating on both top and bottom lines in its fiscal Q2 2026 earnings report last night. Analysts expected Cisco to earn $1.02 per share on $15.1 billion …
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Coverage Details
Total News Sources20
Leaning Left2Leaning Right0Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
L 18%
C 82%
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