Cisco Reports Mixed Quarter With AI Momentum

On Jan. 21, 2026, Cisco reported better-than-expected quarterly results with adjusted EPS of $1.04 versus $1.02 expected and revenue of $15.35 billion versus $15.12 billion anticipated; shares fell about 7% after guidance only met estimates. The company disclosed $2.1 billion in AI infrastructure orders from hyperscalers, launched a networking switch containing an Nvidia chip, and set FY26 adjusted EPS guidance of $4.13–$4.17 and revenue of $61.2–$61.7 billion.