Cisco Q3 Earnings Beat: AI Infrastructure Orders Raised to $9B, Stock Surges 15%, 4,000 Jobs Cut
CNBC·high signal
Cisco reported Q3 FY26 revenue of $15.84B (vs $15.56B expected), with EPS of $1.06 beating the $1.04 estimate. The company raised its full-year AI infrastructure and hyperscaler order forecast to $9B from $5B, having already booked $5.3B this year. Alongside the beat, Cisco announced it is cutting nearly 4,000 jobs (under 5% of workforce) beginning May 14 as part of a restructuring.