finance
Cisco Reports Q3 Revenue of $15.8 Billion, Raises Full-Year Guidance
Cisco Systems reported fiscal third-quarter revenue of $15.8 billion, exceeding Wall Street expectations. The company also topped earnings estimates and raised its full-year outlook. Shares traded slightly lower in pre-market trading on the news.
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Cisco Systems reported adjusted earnings per share of $1.06 for its fiscal third quarter ended in April 2026, compared with the consensus estimate of $1.04. Revenue totaled $15.8 billion, compared with the $15.56 billion to $15.57 billion average analyst forecast.
The company recorded product revenue of $12.12 billion and service revenue of $3.72 billion. Adjusted gross margin was 66.0 percent. Remaining performance obligations stood at $43.46 billion at the end of the quarter.
Cisco raised its full-year revenue outlook to a range of $61.7 billion to $61.9 billion, from the prior range of $61.2 billion to $61.7 billion. It lifted its full-year adjusted EPS guidance to $4.16 to $4.18. For the fourth quarter, Cisco expects revenue between $16.7 billion and $16.9 billion and adjusted EPS between $1.16 and $1.18.
The company projects fourth-quarter adjusted gross margin of 65.5 percent to 66.5 percent. One aggregator showed the new full-year revenue range as $62.8 billion to $63.0 billion with adjusted EPS of $4.27 to $4.29.
In pre-market trading, Cisco shares were down 0.1 percent. U.S. equity futures edged higher, with the Nasdaq 100 up 0.7 percent. Nvidia shares rose 2.2 percent as its CEO prepares to join the presidential delegation traveling to China.
