Cisco Systems, Inc.
CSCO - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$409.57B
Close$
Earnings Call Q4 2026
August 12, 2026 - AI Summary
Record FY26 performance + major capital returns
- FY26 revenue: $63.3B (+12% YoY); Q4 revenue: $17.3B (+18% YoY), product revenue up 24% YoY.
- Profitability: FY26 non-GAAP EPS $4.33 (+14% YoY); Q4 non-GAAP EPS $1.22 (+23% YoY) (bottom line growing faster than revenue = strong operating leverage).
- Shareholder returns: Q4 returned $3.2B (dividends + buybacks); FY26 total returned $12.7B, said to equal 99% of free cash flow; $8.1B remaining under buyback program.
- Dividend: increased for 15th consecutive year (FY26 dividend growth confidence signal).
The core thesis: “Agentic AI” fueling a networking super-cycle
- Management argues Cisco is “early” in a multi-year networking super-cycle driven by:
- Hyperscalers scaling AI traffic (they cite ~14x networking traffic vs historical “data center interconnect” baseline).
- Enterprises modernizing networks for AI, plus security/observability needs for agent behavior.
- Additional tailwinds from telecom buildouts and public sector infrastructure demand.
AI infrastructure growth is very material (opportunity + forecast)
- Hyperscaler AI orders: $4B in Q4; FY26 total $9.3B (~4.5x FY25).
- Mix cited as ~60% Silicon One systems / 40% optics; Acacia optics did $1B+ orders in Q4; shipped 850k 400G and 75k 800G coherent pluggable optics.
- FY27 AI infrastructure forecast: $7.5B revenue from hyperscalers (investor key point: this is a major portion of the growth narrative).
- Management cites multiple hyperscaler design wins and expects more over the next ~6 months (including references to G300/G200/P200 and optics; multi-rail solutions “coming soon”).
Exclusive for Stockcircle Pro members
Sign up
$59.36
42.7% downside
Current Fair Value
42.7% downsideOvervalued by 42.7% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $409.57 Billion |
|---|---|
| Enterprise Value | $449.06 Billion |
| Annual dividend | $1.67 |
| Dividend yield | 1.60% |
| Earnings per Share | $3.36 |
| Beta | 0.98 |
| Outstanding Shares | 3,953,000,000 |
Return
| Return on Equity | 26.38% |
|---|---|
| Return on Assets | 10.23% |
| Return on Invested Capital | 19.73% |
Valuation & Multiples
| P/E Ratio | 31.1 |
|---|---|
| PEG | 84.76 |
| Price to Sales | 6.48 |
| Price to Book Ratio | 8.63 |
| Enterprise Value to Revenue | 7.09 |
| Enterprise Value to EBIT | 25.83 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.93 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 12, 2026
EPS Estimate
$1.17
Consensus analyst estimateRevenue Estimate
$16.84 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 11, 2026
EPS Estimate
$1.32
Consensus analyst estimateRevenue Estimate
$18.11 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 2.47, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 2.4672▲ 161.25% |
|---|---|
| Total Calls | 24,400▼ 99.94% |
| Total Puts | 60,200▼ 99.83% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.27%▼ 76.92% |
|---|---|
| Total Invested | $18.16B▼ 95.17% |
| Investors Holding | 1,850▼ 2377.00% |
About Cisco Systems, Inc.
82,400 employees
CEO: Charles Robbins
Cisco Systems, Inc., founded in 1984 and based in San Jose, California, is a global technology powerhouse. The company specializes in the creation, manufacturing, and sale of Internet Protocol (IP)-based networking equipment and a broad ...