Operations
Q3 2026
Q3 Revenue
↑ 12.0% YoY
$15.84B
Segments
Networking
55.6%
Security
12.7%
Collaboration
6.5%
Observability
1.7%
Services
23.5%
Key Earnings Driver
AI Infrastructure Networking revenue increased 24.7% year over year to $8.8B. Within Networking, Cisco reported $5.3B in AI infrastructure orders year to date through Q3 FY2026, with the company expecting FY2026 AI infrastructure orders to reach $9B and AI infrastructure revenue to reach $4B. Security revenue declined 0.2% to $2.0B, Collaboration revenue decreased 0.7% to $1.0B, Observability revenue increased 3.1% to $269M, while Services revenue declined 1.4% to $3.7B.
Key Operating Metrics¹
METRIC
STATUS
Networking↑ 24.7%
AI Infrastructure
🟢 Scaling
Security↓ 0.2%
🟡 Watch
Services↓ 1.4%
🟡 Watch
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.