European Investor
12 Feb 2026, 20:24
Cisco Systems, Inc. reported strong fiscal Q2 2026 results, with double-digit revenue and earnings growth above guidance.
Revenue rose 10% year over year to a record $15.3 billion. GAAP net income was $3.2 billion, or $0.80 per share (+31%), while non-GAAP net income reached $4.1 billion, or $1.04 per share (+11%). GAAP gross margin was 65.0% and non-GAAP gross margin 67.5%; GAAP operating margin was 24.6% and non-GAAP operating margin 34.6%, both above the high end of guidance.
Product orders increased 18% year over year, with networking orders up more than 20%. AI infrastructure orders from hyperscalers totaled $2.1 billion, reflecting accelerating demand. Cisco also announced a 2% dividend increase to $0.42 per share.
For Q3 FY2026, Cisco expects revenue of $15.4–$15.6 billion and non-GAAP EPS of $1.02–$1.04. For FY2026, it projects revenue of $61.2–$61.7 billion and non-GAAP EPS of $4.13–$4.17, including the estimated impact of tariffs under current trade policy.
Source: PR Newswire.
Revenue rose 10% year over year to a record $15.3 billion. GAAP net income was $3.2 billion, or $0.80 per share (+31%), while non-GAAP net income reached $4.1 billion, or $1.04 per share (+11%). GAAP gross margin was 65.0% and non-GAAP gross margin 67.5%; GAAP operating margin was 24.6% and non-GAAP operating margin 34.6%, both above the high end of guidance.
Product orders increased 18% year over year, with networking orders up more than 20%. AI infrastructure orders from hyperscalers totaled $2.1 billion, reflecting accelerating demand. Cisco also announced a 2% dividend increase to $0.42 per share.
For Q3 FY2026, Cisco expects revenue of $15.4–$15.6 billion and non-GAAP EPS of $1.02–$1.04. For FY2026, it projects revenue of $61.2–$61.7 billion and non-GAAP EPS of $4.13–$4.17, including the estimated impact of tariffs under current trade policy.
Source: PR Newswire.