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Sentiment · FY2026 Q4
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Amit Daryanani | Evercore ISI | 15 (7%) |
| Meta Marshall | Morgan Stanley | 15 (0%) |
| Aaron Rakers | Wells Fargo | 14 (0%) |
| Dave Vogt | UBS | 13 (23%) |
| Tal Liani | Bank of America | 12 (42%) |
| Karl Ackerman | BNP Paribas | 12 (0%) |
| Mike Ng | Goldman Sachs | 11 (9%) |
| Samik Chatterjee | JPMorgan | 11 (0%) |
| Jim Fish | Piper Sandler | 11 (18%) |
| Ben Reitzes | Melius Research | 10 (10%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 15 (0%) |
| Evercore ISI | 1 | 15 (7%) |
| UBS | 2 | 15 (20%) |
| Wells Fargo | 1 |
| 14 (0%) |
| JPMorgan | 2 | 14 (0%) |
| BNP Paribas | 2 | 13 (0%) |
| Bank of America | 1 | 12 (42%) |
| Goldman Sachs | 1 | 11 (9%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $13.84B | -5.6% | $0.68 | -23.6% | 65.9% | 17.0% | 19.6% | $3.44B |
| FY2025 Q2 | $13.99B | +9.4% | $0.61 | -6.2% | 65.1% | 22.3% | 17.4% | $2.03B |
| FY2025 Q3 | $14.15B | +11.4% | $0.62 | +34.8% | 65.6% | 22.6% | 17.6% | $3.80B |
| FY2025 Q4 | $14.67B | +7.6% | $0.64 | +18.5% | 63.2% | 21.0% | 17.4% | $4.02B |
| FY2026 Q1 | $14.88B | +7.5% | $0.72 | +5.9% | 65.5% | 22.6% | 19.2% | $2.89B |
| FY2026 Q2 | $15.35B | +9.7% | $0.79 | +29.5% | 65.0% | 24.6% | 20.7% | $2.15B |
| FY2026 Q3 | $15.84B | +12.0% | $0.85 | +37.1% | 63.6% | 25.0% | 21.3% | $3.56B |
| FY2026 Q4 | $17.25B | +17.6% | $0.97 | +51.6% | 64.1% | 24.7% | 22.4% | $5.39B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Cisco posted record Q3 revenue of $15.8 billion, up 12% year-over-year, with non-GAAP EPS of $1.06, up 10%, and total product orders growing 35%. FY2026 guidance was raised significantly with revenue now expected at $62.8 to $63.0 billion and EPS at $4.27 to $4.29, representing a 3.13% EPS midpoint increase. AI infrastructure orders surged toward a $9 billion FY2026 target, and broad-based enterprise and public sector strength complemented the AI buildout.
Cloud & AI | Demand | Revenue Growth | Competitive Dynamics | Innovation & R&D | Product Launch | Margin | Trade Tariffs | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 11 | 7 | 6 | 4 | 2 | 3 | 3 | 1 |
| 2025Q2 | 12 | 11 | 3 | 4 | 5 | 3 | 1 | 2 |
| 2025Q3 | 13 | 8 | 4 | 4 | 2 | 2 | 2 | 4 |
| 2025Q4 | 10 | 8 | 9 | 2 | 2 | 5 | 1 | 2 |
| 2026Q1 | 12 | 9 | 4 | 4 | 4 | 4 | 1 | |
| 2026Q2 | 9 | 7 | 3 | 3 | 3 | 3 | 4 | |
| 2026Q3 | 6 | 5 | 3 | 4 | 2 | 5 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 11 | 12 | 13 | 10 | 12 | 9 | 6 |
| Demand | 7 | 11 | 8 | 8 | 9 | 7 | 5 |
| Revenue Growth | 6 | 3 | 4 | 9 | 4 | 3 | 3 |
| Competitive Dynamics | 4 | 4 | 4 | 2 | 4 | 3 | 4 |
| Innovation & R&D | 2 | 5 | 2 | 2 | 4 | 3 | 2 |
| Product Launch | 3 | 3 | 2 | 5 | 4 | 3 | |
| Margin | 3 | 1 | 2 | 1 | 1 | 4 | 5 |
| Trade Tariffs | 1 | 2 | 4 | 2 |
What CSCO and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“is participating in private testing of Anthropic's Claude Mythos preview model, specifically designed for proactive cybersecurity defense testing”
Cisco is a private testing partner for Anthropic's cybersecurity-focused Claude model, integrating it into its defensive security work.
“We are also part of OpenAI's Trusted Access for Cyber program.”
Cisco is a partner in OpenAI's Trusted Access for Cyber program and a founding design partner with OpenAI on Codex, reflecting deep AI-model vendor ties.
“recently announced our intent to acquire Galileo and Astrix to expand our security and observability platform”
Cisco intends to acquire Astrix to add agentic identity, access management and behavior monitoring to its security platform.
“recently announced our intent to acquire Galileo and Astrix to expand our security and observability platform”
Cisco intends to acquire Galileo to add agentic identity and observability capabilities to its security platform.
“In March, we announced a major expansion of our Secure AI factory with NVIDIA, giving customers a framework for deploying AI across their entire infrastructure”
Cisco expanded its Secure AI Factory partnership with NVIDIA, embedding security into NVIDIA-based AI infrastructure deployments.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CSCO Cisco Systems, Inc. | 9 | +12.0% | |
| CIEN Ciena Corporation | 10 | +39.5% | |
| ECHO EchoStar Corporation | 5 | -4.0% | |
| HPE Hewlett Packard Enterprise | 9 | +40.7% | |
| LITE Lumentum Holdings Inc. | 9 | +109.3% | |
| MSI Motorola Solutions | 9 | +13.3% | |
| ZBRA Zebra Technologies | 10 | +20.4% |