Cisco Systems, Inc. Q2 2026 Earnings Recap

Cisco reported robust Q2 Fiscal Year 2026 results, with double-digit revenue and EPS growth driven by strong demand for AI infrastructure and networking solutions. The company is well-positioned for further growth, returning $3 billion in capital and increasing its dividend.

Key Takeaways

• Q2 revenue increased 10% year-over-year, surpassing guidance, while product revenue grew 14%.
• Non-GAAP EPS rose 11%, outpacing revenue growth, reflecting strong operational efficiency.
• Total product orders surged 18% year-over-year, highlighting broad-based demand across sectors, including a 65% increase from service providers and cloud customers.
• Strong momentum in AI infrastructure orders with $2.1 billion booked in Q2, equaling FY '25 total orders.
• Continued innovation in Silicon One technology, including the launch of a 102.4 terabit per second chip, further strengthens Cisco's competitive edge in the market.