Cisco Systems, Inc.

Strong Q3 Performance: Cisco reported total revenue of $14.1 billion in Q3, an 11% year-over-year increase. Non-GAAP net income was $3.8 billion, leading to non-GAAP earnings per share of $0.96. The strong financial results surpassed the high-end of the company's guidance, indicating solid operational execution and demand for its products.

AI Infrastructure Success: The company received over $600 million in AI infrastructure orders from web-scale customers in Q3, surpassing its fiscal year '25 target of $1 billion a full quarter early. This reflects a growing demand for Cisco’s technology in AI applications, with an expectation of continued momentum in this sector.

Product Order Growth: Total product orders grew by 20% year-over-year, reflecting a strong demand environment, particularly in the enterprise sector (up 22%) and from service providers and cloud customers (up 32%). Noteworthy is double-digit growth in networking products and the strong performance from the WiFi 7 portfolio, hinting at ongoing innovation-driven growth.