FINANCE NOTE

Cisco (NASDAQ: CSCO) — Q4 FY2026 Post Earnings

Operations

Q4 2026
Q4 Revenue ↑ 17.58% YoY $17.25B
Divisions
Networking 56.7%
Security 12.9%
Collaboration 6.8%
Observability 1.6%
Services 22.0%

Key Earnings Driver

AI Infrastructure Networking revenue increased 28% year over year to $9.8B. Within Networking, AI infrastructure revenue reached approximately $4B for FY2026, up approximately 300% from $1B, and AI infrastructure orders reached $9.3B. Security revenue increased 14% to $2.23B, Collaboration revenue increased 12% to $1.17B, Observability revenue increased 6% to $275M, while Services revenue was flat at $3.79B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 28%

AI Infrastructure

🟢 Scaling

Security↑ 14%

Services→ 0%

🟡 Watch

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Cisco website and/or SEC filings for Q4, with status based on reported data.