Cisco Systems stock reports record fiscal 2026 revenue

Published on 09/24/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cisco Systems stock stood at USD 106.43 on September 23, 2026, after Piper Sandler cut its target to USD 125. Fiscal Q4 revenue rose 18 percent to USD 17.3 billion.

Rechenzentrum-Korridor mit Serverracks und Techniker, Symbolbild für Cisco Systems Inc — Fotorealistischer Serverraum symbolisiert die Netzwerktechnik von Cisco Systems Inc., ISIN US17275R1023, für Anleger visualisiert, Illustration mit AI erstellt.

Cisco Systems stock (ISIN US17275R1023) stood at USD 106.43 on Nasdaq on September 23, 2026, while the networking company reported fiscal 2026 revenue of USD 63.3 billion. The result increased 12 percent from fiscal 2025 and gives the stock a strong earnings base despite a fresh target reduction.

Fiscal Q4 sets the pace

Cisco generated record fiscal Q4 revenue of USD 17.3 billion, an 18 percent increase from the comparable quarter, according to Yahoo Finance. Product revenue advanced 24 percent to USD 13.5 billion, while services revenue was flat at USD 3.8 billion, according to MarketScreener.

Non-GAAP earnings per share reached USD 1.22 in fiscal Q4, up 23 percent year over year. For the full fiscal year, diluted GAAP EPS was USD 3.33, compared with USD 2.55 in fiscal 2025, a 30.6 percent increase.

Target cut tests the valuation

The market is weighing that operating progress against a more cautious valuation view. CNBC reported on September 22, 2026, that Piper Sandler lowered its Cisco price target from USD 132 to USD 125 while maintaining a Neutral rating.

The target is USD 18.57 above the September 23 price, equal to 17.4 percent upside relative to that market level. That gap places greater importance on whether Cisco can sustain the fiscal 2026 growth rate, particularly in networking and AI infrastructure.

Stock valuation and market size

Cisco had a market capitalization of USD 419,486,891,396 as of September 24, 2026. The company generated USD 13.267 billion in fiscal 2026 net income, up from USD 10.180 billion in fiscal 2025, while operating cash flow was USD 14.177 billion.

For investors, the central contrast is clear: fiscal Q4 revenue growth accelerated to 18 percent from the full-year rate of 12 percent, but the latest target cut shows that expectations remain sensitive to the pace of future expansion.

Nasdaq price stays near USD 106

Cisco Systems stock stood at USD 106.43 on Nasdaq on September 23, 2026. The reference market capitalization was USD 419,486,891,396 as of September 24, 2026, placing the company among the large-cap technology names tracked by the Nasdaq-100.