Cisco Systems, Inc. (CSCO) Earnings Call Transcripts
Cisco Systems, Inc.'s Latest Earnings Call - September 8, 2026
In the earnings call held on September 8, 2026, Cisco Systems, Inc. (CSCO:US) reported strong momentum driven by a multiyear networking super cycle, particularly in AI-driven demand. The company guided for 15% total revenue growth for fiscal 2027, indicating robust underlying growth even without AI tailwinds. Key metrics included a significant increase in hyperscale AI orders, reaching $9.3 billion, and a notable growth in networking orders, which grew 40% in the last quarter. Management expressed confidence in the durability of this growth, citing ongoing demand for infrastructure modernization and security integration.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue Growth Guidance | 15% (beat) |
| Hyperscale AI Orders | $9.3B (beat) |
| Networking Orders Growth | 40% (beat) |
| Operating Margin | Record level (positive) |
| Security Revenue Growth Guidance | High single-digit growth (positive) |
| Services Revenue Growth Guidance | Mid-single-digit growth (positive) |
Guidance from management
Cisco maintained its guidance for 15% total revenue growth for fiscal 2027, with expectations for high single-digit growth in security and mid-single-digit growth in services revenue.
What management said
Great. And just on that, I mean, Cisco was among the first to highlight how get AI traffic was going to impact the network. And I remember that chart very clearly where the human traffic was very spiky. -- genetic traffic was high and sustained.
Really, really unchanged for us, first and foremost, to support the growth of the business, be it organic or inorganic. Second is really to protect and grow the dividend. You've seen us do that for years. And then thirdly is just to offset dilution and with our buyback program as well as just return excess cash. And as you mentioned, almost 100% basically of free cash flow, we returned.
What analysts pressed on
Analysts expressed concerns about the sustainability of growth and potential impacts from competitive pressures in the AI and networking spaces. There were questions regarding how Cisco plans to maintain its market share amidst increasing competition.
Main topics on the call
- Networking Super Cycle — Management emphasized that Cisco is at the forefront of a 'multiyear networking super cycle' driven by AI demand, with Jeetu Patel stating, 'I actually don't see an end in sight as far as the demand signal.' This reflect...
- Hyperscale AI Orders — Cisco reported hyperscale AI orders of $9.3 billion, a substantial increase from previous years. Jeetu Patel noted, 'We ended up the year at 2.3... we doubled that the following year and said, why don't we do $5 billion,...
- Security Integration — Cisco is integrating security into its networking solutions, which is seen as a competitive advantage. Mark Patterson stated, 'We have such an enormous advantage because our security competitors don't happen to have a ne...
- Infrastructure Modernization — Management highlighted a $100 billion opportunity for infrastructure upgrades due to end-of-life products. Mark Patterson mentioned, 'You're seeing Boards and CEOs want to know everything that's in my environment,' indic...
Read the full Cisco Systems, Inc. transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Cisco Systems, Inc.
Cisco Systems, Inc. (CSCO) is a publicly listed company in the Communications Equipment industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 159 calls on record spanning January 27, 2020 to September 8, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 159 Cisco Systems, Inc. earnings call transcripts on record, spanning January 27, 2020 to September 8, 2026. Based on this history, Cisco Systems, Inc. reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CSCO
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Communications Equipment
- Calls on record
- 159
- First call
- January 27, 2020
- Most recent
- September 8, 2026
- Reporting cadence
- quarterly