‘Critical infrastructure for the AI era’: Cisco’s CEO on the earnings beat that sent shares to a record

Cisco's shares surged over 13% following a strong earnings report that highlighted the company's successful transition to AI infrastructure. For the third quarter, Cisco reported record revenues of $15.8 billion, a 12% increase year-over-year, and raised its fiscal 2026 AI revenue target to $4 billion. This performance exceeded Wall Street expectations and underscores Cisco's growing role in the AI sector.