Cisco Systems Inc (CSCO)

NetApp and Cisco Introduce Automated Ransomware Response Framework for Enterprise Data ProtectionJune 3, 2026 9:45 AM
IH Market News NetApp (NASDAQ:NTAP) and Cisco (NASDAQ:CSCO) have unveiled a new security orchestration playbook designed to help organizations accelerate their response to ransomware incidents through automated actions at the storage infrastructure level. The solution combines NetApp’s storage technologies with Cisco-owned Splunk’s security platform, enabling organizations to react more quickly when threats are detected and reduce the risk of widespread data compromise. New SOAR Playbook Automates Critical Response Actions The NetApp Splunk Security Orchestration, Automation, and Response (SOAR) playbook integrates directly with existing Splunk Enterprise Security environments and connects incident response workflows to NetApp ONTAP storage systems. When suspicious activity is identified, the platform can automatically initiate a range of protective measures, including blocking potentially malicious users, generating storage snapshots, and isolating affected data volumes to limit the spread of an attack. AI-Driven Threats Increase Need for Faster Response NetApp highlighted the growing challenges posed by increasingly sophisticated cyberattacks, particularly as artificial intelligence enables faster and more complex attack methods. “With AI accelerating both the speed and sophistication of cyberattacks, the window to respond has never been smaller,” said Sandeep Singh, Senior Vice President and General Manager, Platform at NetApp. “To limit the cost and impact of ransomware, organizations must act the moment a threat is detected, which means extending security automation into the storage layer where data lives.” Expanding Existing Security Integration The new playbook builds on the companies’ existing collaboration between Splunk Enterprise Security and NetApp Ransomware Resilience, which already provides visibility and analytics from the data layer. With the latest release, organizations can move beyond threat detection and analytics by enabling automated actions directly within storage environments as part of broader security operations workflows. Storage Systems Become Active Participants in Cyber Defense Cisco emphasized that effective cybersecurity requires coordination across all layers of enterprise technology infrastructure, including data storage platforms. “Effective security strategies require visibility and action across the entire technology stack, including the data layer,” said David Dalling, GVP, Splunk Security at Cisco. “With the new NetApp Splunk SOAR playbook, ONTAP storage becomes an active participant in the security ecosystem.” Designed to Improve Security Efficiency According to the companies, automating incident response actions can help organizations shorten the time required to contain threats while reducing the manual workload placed on security teams. The objective is to improve key cybersecurity performance metrics, including mean time to contain incidents, while strengthening data protection against ransomware attacks. The playbook is available through SplunkBase and represents the latest step in the ongoing partnership between NetApp and Cisco to integrate storage infrastructure more deeply into enterprise security operations. NetApp stock priceCisco stock price Original: NetApp and Cisco Introduce Automated Ransomware Response Framework for Enterprise Data Protection

The $600 Billion Wake-up Call: New Splunk Research Reveals Downtime is a Systemic Business CrisisMay 19, 2026 8:00 AM
PR Newswire (US) $600 Billion Annual Impact: Aggregate downtime costs for the Global 2000 have soared 50% in two years. $15,000 Per Minute: The average cost of downtime for organizations, highlighting the immediate financial impact of service disruptions.3.4% Stock Price Drop: The average decline in shareholder value following a single downtime incident. SAN JOSE, Calif., May 19, 2026 /PRNewswire/ -- Cisco today announced the release of Splunk's latest research, The Hidden Costs of Downtime, revealing the aggregate cost of unplanned downtime for Global 2000 companies has surged to $600 billion annually – a 50% increase in just two years. In partnership with Oxford Economics, the Splunk study shows that the financial toll of an outage is immediate, severe, and potentially long-lasting. Downtime has become a systemic business crisis that threatens revenue, brand equity and shareholder value, costing an organization $95 million in lost revenue annually. This is nearly twice the level seen in 2024."Downtime is inevitable; prolonged disruption is not," said Kamal Hathi, SVP and GM, Splunk, a Cisco company. "The most resilient organizations are not the ones with the most tools or the biggest vision for AI. They are the ones that align technology with business outcomes, empower people with context, and design systems that bend, but do not break, under pressure."The Business Impact of Downtime
Technology executives increasingly view the consequences of an outage as more severe. Publicly disclosing a data breach is now considered the most severe hidden cost, with 71% of technology executives rating it as very or prohibitively disruptive, up from 23% in 2024. Furthermore, downtime triggers a chain reaction of hidden costs, including:Financial and Market Erosion: The study found that the average cost of downtime has reached $15,000 per minute. In addition, organizations see an average 3.4% drop in stock price following a downtime event.Customer Churn: Eighty-one percent of technology leaders cite the loss of customers as a consequence of downtime, with 47% admitting customers are often or very often the first to detect service degradation or outages.Escalating Ransomware Costs: Ransomware payouts have nearly tripled since 2024, now reaching $40 million on average, making them one of the most significant direct financial burdens.Regulatory Exposure: Regulatory fines have reached an average of $51 million per organization, with 57% of technology executives now viewing these penalties as very or prohibitively disruptive.Operational Drag: A staggering 89% of tech leaders cite the need for large numbers of personnel to fix issues. Nearly all (90%) tech leaders report increased demand for customer support with 76% of finance and 74% of marketing executives feeling the pressure as well.Brand Recovery: Nearly 20% of marketing professionals report that it takes an entire quarter to recover brand health following remediation.The Intersection of Security and Downtime
About one-third (36%) of security leaders admit that downtime is often or very often misclassified as an IT issue, which can give attackers a critical head start. A lack of shared context complicates resolution, as only 38% of technology executives report consistently identifying the root cause of a downtime incident. The perceived frequency of cybersecurity-related downtime caused by SaaS and other third-party application issues has nearly tripled since 2024, with 56% of security leaders now experiencing these issues often or very often. Maintaining basic cyber hygiene and modernizing legacy infrastructure to replace outdated, unpatchable technology remain foundational to preventing unplanned downtime.The Evolving Role of AI in Resilience
Organizations are increasingly turning to AI to enhance incident triage and root cause analysis, with a median annual spend of $24.5 million on AI tools that prevent and respond to downtime. As these technologies mature, the industry is shifting toward a model of human-to-agent collaboration, where AI serves the expert rather than replacing human oversight. This approach relies on machine data, the logs, metrics, and traces that allow teams to monitor AI actions, detect issues early, and correct course before minor errors escalate into full-scale outages.The data reveals that organizations identified as "AI Workflow and Triage Experts," are significantly better equipped to avoid the most damaging outcomes of downtime:Higher Resilience for AI Experts: 74% of these experts avoided the need to publicly disclose a data breach last year, compared to just 54% of non-experts.Customer Retention: These expert organizations are nearly three times more likely to report that they have never lost customers due to downtime (42% versus 15% for non-experts).Despite the clear benefits, the transition to autonomous systems is not without challenges. While 56% of users report that AI has reduced their overall risk, every technology leader surveyed admitted their organization has experienced some form of AI-related downtime. Sixty-eight percent of technology leaders express concern their AI agents will behave unpredictably, underscoring the need for robust governance and human-in-the-loop oversight that defines true digital resilience.Building True Resilience
Technology executives increasingly recognize the need to visualize the entire digital dependency chain. In fact, among organizations with the lowest downtime costs, a massive 98% confirm that end-to-end visibility is very or extremely important for reducing incidents. Nevertheless, complete visibility remains rare across IT domains, prompting organizations to shift their investment strategies toward more proactive, data-driven foundations:Prioritizing Observability: About three-fourths of ITOps and engineering leaders identify end-to-end observability as their top investment priority to improve infrastructure resilience, taking precedence over traditional hardware or data center upgrades.Automating to Reduce Human Error: Sixty-six percent of ITOps and engineering leaders are prioritizing investments in automation to mitigate the risks of human error, which remains the leading cause of downtime across the technology stack.Targeting AI Investments: Organizations are focusing their AI budgets on high-impact areas, with 85% of technology leaders prioritizing AI-driven security automation and 65% investing in AI-powered observability to gain deeper, real-time insights into their digital ecosystems.For further details on methodology and findings of The Hidden Costs of Downtime report, please visit the Splunk website.Methodology
Oxford Economics fielded a hybrid survey using CATI (Computer Assisted Telephonic Interviewing) and online methods. The fieldwork captured responses from 2,000 executives from Global 2000 companies. Businesses from 20 countries are represented from APAC, EMEA, North America, and LATAM. Respondents hail from nine industry groups: financial services, retail and consumer goods, public sector, manufacturing, energy and utilities, healthcare and life sciences, information services and technology, transportation and logistics, and communications and media. Respondents come from technology (including security, IT, and engineering titles), finance (including Chief Financial Officers), and marketing functions (including Chief Marketing Officers).About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.About Splunk LLC
Splunk, a Cisco company, helps build a safer and more resilient digital world. Organizations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation.Splunk and the Splunk> logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word "'partner"' does not imply a partnership relationship between Cisco or its affiliates and any other company.  View original content to download multimedia:https://www.prnewswire.com/news-releases/the-600-billion-wake-up-call-new-splunk-research-reveals-downtime-is-a-systemic-business-crisis-302774919.htmlSOURCE Cisco Systems, Inc. Original: The $600 Billion Wake-up Call: New Splunk Research Reveals Downtime is a Systemic Business Crisis

Tech Stocks Slide as Treasury Yields Surge and Inflation Fears Mount: Dow Jones, S&P and Nasdaq Futures TodayMay 15, 2026 9:15 AM
IH Market News Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a sharply lower open on Friday, with stocks likely to give back ground after ending the previous session mostly higher.Profit taking may contribute to initial weakness on Wall Street following recent strength in the markets, which lifted the Nasdaq and S&P 500 to record highs.Technology stocks may lead the early pullback, as reflected by the 1.7 percent slump by the tech-heavy Nasdaq 100 futures.Shares of Intel (NASDAQ:INTC) are plummeting by more than 5 percent in pre-market trading, while shares of Micro (NASDAQ:MU) are plunging by more than 4 percent and shares of Nvidia (NASDAQ:NVDA) are tumbling by more than 3 percent.A sharp increase in treasury yields is also likely to weigh on the markets, with the yield on the benchmark ten-year note surging to its highest levels in almost a year.The spike in treasury yields comes as recent data showing significant accelerations in the pace of consumer and producer price inflation has led to concerns about the outlook for interest rates.CME Group’s FedWatch Tool is currently indicating a 38.9 percent chance rates will be a quarter point higher following the Federal Reserve’s last meeting of the year, up from just 13.7 percent a week ago.The downward momentum on Wall Street also comes amid a sharp increase by the price of crude oil, as U.S. crude oil futures are surging by more than 3 percent.The jump in oil prices comes as the summit between President Donald Trump and his Chinese counterpart Xi Jinping produced warm words but yielded little progress on the U.S. war with Iran.After ending Wednesday’s session modestly lower, the Dow showed a strong move back to the upside during trading on Thursday, closing above 50,000 for the first time in three months.The Nasdaq and the S&P 500 also moved higher, adding to Wednesday’s gains and once again reaching new record closing highs.The major averages all finished the day firmly positive but off their highs of the session. The Dow advanced 370.26 points or 0.8 percent to 50,063.46, the Nasdaq jumped 232.88 points or 0.9 percent to 26,635.22 and the S&P 500 climbed 56.99 points or 0.9 percent to 7,501.24.Cisco Systems (NASDAQ:CSCO) helped lead the markets higher, with the San Jose-based technology giant soaring by 13.4 percent to a record closing high.The spike by Cisco comes after the company reported better than expected fiscal third quarter results and provided upbeat guidance. Cisco also revealed plans to cut nearly 4,000 jobs.Market leader and AI darling Nvidia (NASDAQ:NVDA) also surged by 4.4 percent after a report from Reuters said the U.S. has cleared around 10 Chinese firms to buy the company’s second-most powerful AI chip, the H200.The report comes amid a closely watched summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in Beijing.After a nearly two-hour long high-stakes meeting at the Great Hall of the People, Trump described the talks as “great.”The White House said, “The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy.”A statement issued by China’s foreign ministry said the two leaders agreed to a “constructive strategic stable relationship” as the new orientation for bilateral relations over the next three years and beyond.In U.S. economic news, a report released by the Commerce Department on Thursday showed retail sales in the U.S. increased in line with economist estimates in the month of April.The Commerce Department said retail sales climbed by 0.5 percent in April after jumping by a downwardly revised 1.6 percent in March. Economists had expected retail sales to grow by 0.5 percent.Excluding sales by motor vehicle and parts dealers, retail sales increased by 0.7 percent in April after surging by 1.9 percent in March. Ex-auto sales were expected to increase by 0.6 percent.Meanwhile, the Labor Department released a separate report showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 9th.The report said initial jobless claims climbed to 211,000, an increase of 12,000 from the previous week’s revised level of 199,000. Economists had expected jobless claims to rise to 205,000.With Cisco leading the way higher, networking stocks showed a substantial move to the upside, driving the NYSE Arca Networking Index up by 3.1 percent to a record closing high.Considerable strength also emerged among airline stocks, as reflected by the 1.7 percent gain posted by the NYSE Arca Airline Index.Software, oil service and brokerage stocks also saw notable strength on the day, while gold stocks moved sharply lower amid a decrease by the price of the precious metal. Original: Tech Stocks Slide as Treasury Yields Surge and Inflation Fears Mount: Dow Jones, S&P and Nasdaq Futures Today

U.S. Futures Point Higher as Cisco and Nvidia Lift Tech Sentiment: Dow Jones, S&P, Nasdaq, Wall StreetMay 14, 2026 9:14 AM
IH Market News U.S. stock futures traded higher on Thursday, with the Nasdaq positioned for additional gains after the technology-heavy index closed at a fresh record high in the previous session.Technology shares looked set to extend their recent rally following strong earnings-related momentum from Cisco Systems (NASDAQ:CSCO).Shares of Cisco surged 14.5% in premarket trading after the company delivered fiscal third-quarter results ahead of expectations and issued upbeat forward guidance. The networking giant also announced plans to reduce its workforce by nearly 4,000 positions. Nvidia Gains on China H200 Chip Report Nvidia (NASDAQ:NVDA) also posted strong premarket gains after Reuters reported that the U.S. had approved around 10 Chinese companies to purchase Nvidia’s H200 chip, its second-most powerful artificial intelligence processor.The development comes during a closely watched summit in Beijing between Donald Trump and Chinese President Xi Jinping.Following a nearly two-hour meeting at the Great Hall of the People, Trump described the discussions as “great.”The White House stated, “The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy.”Meanwhile, China’s foreign ministry said both leaders agreed to pursue a “constructive strategic stable relationship” as the framework for bilateral ties over the next three years and beyond. Nasdaq and S&P 500 Reach Record Closing Highs Driven by strong gains in technology stocks, the Nasdaq rallied sharply on Wednesday and finished at another all-time closing high.The S&P 500 also reached a fresh record close, while the narrower Dow Jones Industrial Average ended slightly lower after posting modest gains earlier in the week.The Dow declined 67.36 points, or 0.1%, to close at 49,693.20. The S&P 500 rose 43.29 points, or 0.6%, to 7,444.25, while the Nasdaq jumped 314.14 points, or 1.2%, to 26,402.34. Semiconductor Stocks Lead Market Higher Chipmakers played a major role in the Nasdaq’s advance, with the Philadelphia Semiconductor Index climbing 2.6%.Nvidia (NASDAQ:NVDA) was among the strongest performers after chief executive Jensen Huang joined Trump’s China delegation at the last minute ahead of meetings with Xi Jinping. Dow Weighed Down by Salesforce and Blue Chips The Dow’s weaker performance was partly driven by a 3.2% decline in shares of Salesforce (NYSE:CRM).Additional losses from IBM (NYSE:IBM), Home Depot (NYSE:HD) and Visa (NYSE:V) also pressured the blue-chip index. Inflation Data Raises Rate Concerns Markets also reacted to new inflation data from the U.S. Labor Department showing producer prices rose significantly more than expected in April.The producer price index for final demand increased 1.4% during the month after an upwardly revised 0.7% gain in March. Economists had expected a rise of 0.5%.The monthly jump marked the largest increase since March 2022, when producer prices climbed 1.7%.Annual producer price inflation accelerated to 6.0% in April from 4.3% in March, exceeding economist forecasts for 4.9% growth and marking the fastest annual increase since December 2022. Economists Warn Inflation Could Stay Elevated “The jump in input prices portends further increases for consumer prices in May,” said Ben Ayers, senior economist at Nationwide. “We expect annual CPI inflation to move above 4.0 percent in May with energy prices still highly elevated more than two months into the Iranian conflict.”He added, “With inflation still trending higher, we expect the hawkish wing of the FOMC to advocate for an extended pause in interest rates even with incoming Fed Chair Kevin Warsh likely to prefer to lower rates over time.” Utilities and Housing Stocks Under Pressure Following the inflation report, sectors sensitive to interest rates, including utilities and housing stocks, moved lower during Wednesday’s session.Cisco stock priceNvidia stock priceSalesforce stock priceIBM stock priceHome Depot stock priceVisa stock price Original: U.S. Futures Point Higher as Cisco and Nvidia Lift Tech Sentiment: Dow Jones, S&P, Nasdaq, Wall Street

Cisco Shares Surge After $1 Billion AI Restructuring Plan and Workforce Reduction (CSCO)May 14, 2026 6:19 AM
IH Market News Cisco Systems (NASDAQ:CSCO) announced a major restructuring initiative on Wednesday aimed at sharpening its focus on high-growth segments such as artificial intelligence, after reporting record third-quarter revenue results.The company said the overhaul will result in approximately $1 billion in charges related to severance payments and other restructuring expenses. Cisco also confirmed plans to reduce its workforce by fewer than 4,000 employees during the fourth quarter, representing less than 5% of its global staff.Cisco shares jumped more than 18% in premarket trading on Thursday following the announcement. Cisco Raises Revenue Outlook on Strong AI Demand Cisco said around $450 million of the restructuring costs are expected to be recognised during the fourth quarter of fiscal 2026, with the remaining charges scheduled for fiscal 2027. The company noted that most of these costs will be cash-based.The networking giant also lifted its fiscal 2026 revenue guidance to between $62.8 billion and $63 billion, compared with its previous forecast range of $61.2 billion to $61.7 billion.For the fiscal fourth quarter, Cisco is projecting revenue growth of 14.5% year over year, substantially above Wall Street expectations of 7.8%.“Demand remains robust, with AI revenues expected to grow 4x YoY to ~$4bn in 2026,” analysts at Bank of America led by Tal Liani said. “Strength is driven by Hyperscaler demand, Campus refresh, pricing increases, and Enterprise AI spend.”Bank of America maintained its Buy rating on Cisco shares and increased its price target to $114 from $95. AI Infrastructure Spending Continues to Accelerate Cisco has benefited from a surge in spending tied not only to AI processors, but also to the high-speed networking infrastructure required to connect large-scale data centres.During the third quarter, orders for Cisco’s networking products increased by more than 50% from a year earlier, while orders for data-centre switching products climbed over 40%.The company posted record third-quarter revenue of $15.8 billion, up 12% year over year and above analyst expectations of $15.54 billion, driven by stronger demand across its product portfolio.“Cisco delivered record quarterly revenue in Q3 and we saw very strong, broad-based demand for our products, demonstrating the relevance of our technology for connecting and securing AI,” said Chuck Robbins, chair and CEO of Cisco. “Cisco is well-positioned as the critical infrastructure for the AI era, building on our technology leadership and customer trust, while innovating at the speed and scale that our dynamic world demands.” Cisco Sees Multi-Billion-Dollar AI Revenue Opportunity Cisco reported adjusted third-quarter net income of $4.2 billion, or $1.06 per share, representing a 10% increase from the same period a year earlier.During the company’s post-earnings conference call, Cisco chief financial officer Mark Patterson said the company could generate at least $6 billion in AI hyperscale revenue during fiscal 2027.Cisco stock price Original: Cisco Shares Surge After $1 Billion AI Restructuring Plan and Workforce Reduction (CSCO)

Trump-Xi Summit and Cisco’s AI Restructuring Drive Market Focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesMay 14, 2026 5:43 AM
IH Market News U.S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.At the same time, oil prices remained above $100 per barrel as markets looked for potential diplomatic progress on the Iran conflict. Meanwhile, shares of Cisco Systems (NASDAQ:CSCO) surged after the company unveiled a major AI-focused restructuring plan, while Kevin Warsh was officially confirmed as the next chair of the Federal Reserve. Futures Advance as AI Optimism Continues By 03:40 ET, Dow futures were up 176 points, or 0.4%, while S&P 500 futures gained 18 points, or 0.2%. Nasdaq 100 futures outperformed, rising 144 points, or 0.5%, supported by continued strength in technology stocks linked to artificial intelligence.According to Reuters, the United States has approved around 10 Chinese companies to purchase Nvidia’s H200 AI chip, currently the company’s second-most-powerful processor, although shipments have not yet begun.Jensen Huang, the CEO of Nvidia, is accompanying Trump during the China visit, fueling expectations that discussions could help unlock broader H200 sales into the Chinese market.On Wednesday, the S&P 500 reached another record closing high, while the Nasdaq Composite climbed 1.2%. In contrast, the Dow Jones Industrial Average slipped 0.1%.Analysts at Vital Knowledge observed that semiconductor stocks benefited from the Huang-China headlines, although software and services companies “were not invited to the latest tech bacchanalia.” They also noted that underlying market breadth “wasn’t nearly as robust,” pointing to weaker performance in the equal-weighted S&P 500 index.Investors also largely brushed aside stronger-than-expected U.S. producer price data, marking the second consecutive day of upside inflation surprises.“Equity bulls dismissed the PPI as simply a function of Iran and since the consensus view continues to anticipate an accord with Tehran, the assumption is that inflation will cool once that deal is reached,” the Vital Knowledge analysts said. Trump and Xi Hold First Round of Talks The opening round of discussions between Donald Trump and Xi Jinping concluded during the first stage of their two-day summit in Beijing.Chinese state media reported that Xi said negotiations — particularly around trade — were progressing, although he cautioned that ongoing U.S. opposition concerning Taiwan could strain bilateral relations.Markets are also monitoring whether the summit could produce any diplomatic initiatives connected to the Iran conflict. Some analysts believe Trump may seek Chinese support for a longer-term peace arrangement, given China’s role as one of the largest buyers of Iranian oil, although uncertainty remains over whether Beijing would accept such involvement.The summit comes as the global economy faces mounting uncertainty tied to the prolonged closure of the Strait of Hormuz, the strategic shipping route off Iran’s southern coast through which roughly one-fifth of global oil supply passes. Oil Prices Remain Elevated Oil prices edged higher again on Thursday, with analysts at ING Group noting that traders are “eagerly awaiting the outcome of the meeting between [Trump and Xi], and whether it could yield some positive results on the Iran war.”Brent crude remained above $105 per barrel, significantly higher than the approximately $70 level seen before the conflict escalated.The sharp increase in energy prices has intensified concerns over renewed inflationary pressure worldwide, especially after recent U.S. inflation readings showed stronger-than-expected consumer and producer price growth.Analysts at Morgan Stanley warned that the energy shock could weaken economic growth while also contributing to inflationary pressures beyond oil and gas markets. Cisco Shares Jump After AI-Led Restructuring Announcement Shares of Cisco Systems (NASDAQ:CSCO) rallied sharply in extended trading after the company announced a broad restructuring initiative focused on artificial intelligence.Cisco said the overhaul would result in approximately $1 billion in charges tied to severance and related expenses. The company also confirmed plans to reduce its workforce by roughly 4,000 employees, representing around 5% of total staff.The company expects approximately $450 million of these restructuring costs to be recorded during the fourth quarter of fiscal 2026, with the remainder expected during fiscal 2027. Cisco added that most of the charges would be cash-related.Chief executive Chuck Robbins told analysts following the earnings release that the company does not “always have the exact resources that we need going forward in the right places,” adding that the restructuring is more about resource reallocation “versus savings.”The restructuring comes as corporations continue increasing spending on AI processors and high-speed networking systems required to support advanced data centres.Cisco also upgraded its fiscal 2026 revenue guidance, now forecasting revenue between $62.8 billion and $63 billion, compared with previous guidance of $61.2 billion to $61.7 billion. Kevin Warsh Confirmed as Federal Reserve Chair The U.S. Senate officially confirmed Kevin Warsh as the next chair of the Federal Reserve on Wednesday, placing the former banker and lawyer at the head of the central bank as policymakers continue confronting rising inflation pressures.The Senate vote followed approval of Warsh’s appointment to the Fed’s seven-member Board of Governors earlier in the week.Warsh will replace current Fed chair Jerome Powell when Powell’s term expires on Friday. Powell will remain a member of the Federal Reserve Board, while Fed Governor Stephen Miran is expected to leave his position to make room for Warsh.Cisco stock price Original: Trump-Xi Summit and Cisco’s AI Restructuring Drive Market Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

CISCO REPORTS THIRD QUARTER EARNINGSMay 13, 2026 4:05 PM
PR Newswire (US) SAN JOSE, Calif., May 13, 2026 /PRNewswire/ -- News Summary:Double-digit top and bottom-line growth exceeding the high end of our guidanceRecord revenue of $15.8 billion, up 12% year over year; GAAP EPS of $0.85, up 37% year over year; and non-GAAP EPS of $1.06, up 10% year over yearGAAP gross margin of 63.6% and non-GAAP gross margin of 66.0%; GAAP operating margin of 25.0% and non-GAAP operating margin of 34.2%, demonstrating strong execution and operational efficienciesBroad-based, record high demand for Cisco technologyTotal product orders up 35% year over year; up 19% excluding hyperscalersGrowth in networking product orders accelerated to more than 50% year over yearSignificant momentum and raised expectations for AI infrastructure from hyperscalers$5.3 billion of orders taken year to date; raising expected FY26 orders to $9 billion, up from $5 billionRaising expected FY26 revenue to $4 billion, up from $3 billionMajor multi-year, multi-billion-dollar campus networking refresh cycle underwayCampus networking orders grew greater than 25% year over year, with the next-generation portfolio ramping faster than prior product launchesData center switching orders grew greater than 40% year over yearQ3 FY 2026 Results:Revenue: $15.8 billionIncrease of 12% year over yearEarnings per Share: GAAP: $0.85; Non-GAAP: $1.06GAAP EPS increased 37% year over yearNon-GAAP EPS increased 10% year over yearQ4 FY 2026 Guidance (1):   Revenue: $16.7 billion to $16.9 billionEarnings per Share: GAAP: $0.80 to $0.85; Non-GAAP: $1.16 to $1.18FY 2026 Guidance (1):Revenue: $62.8 billion to $63.0 billionEarnings per Share: GAAP: $3.16 to $3.21; Non-GAAP: $4.27 to $4.29(1) EPS guidance includes the estimated impact of tariffs based on current trade policy.Cisco (NASDAQ: CSCO) today reported third quarter results for the period ended April 25, 2026. Cisco reported third quarter revenue of $15.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.4 billion or $0.85 per share, and non-GAAP net income of $4.2 billion or $1.06 per share."Cisco delivered record quarterly revenue in Q3 and we saw very strong, broad-based demand for our products, demonstrating the relevance of our technology for connecting and securing AI," said Chuck Robbins, chair and CEO of Cisco. "Cisco is well-positioned as the critical infrastructure for the AI era, building on our technology leadership and customer trust, while innovating at the speed and scale that our dynamic world demands.""In Q3, we once again delivered double-digit growth on both the top and bottom lines which exceeded the high end of our guidance, coupled with record non-GAAP operating income," said Mark Patterson, CFO of Cisco. "Our record results demonstrate great execution and financial discipline by our teams, enabling us to deliver shareholder value while we pursue the significant opportunities we see ahead." GAAP Results


Q3 FY 2026
Q3 FY 2025
vs. Q3 FY 2025Revenue
$15.8 billion
$14.1 billion
12 %Net Income
$3.4 billion
$2.5 billion
35 %Diluted Earnings per Share (EPS)
$0.85
$0.62
37 %
Non-GAAP Results


Q3 FY 2026
Q3 FY 2025
vs. Q3 FY 2025Net Income
$4.2 billion
$3.8 billion
10 %EPS
$1.06
$0.96
10 %Reconciliations between net income, EPS, and other measures on a GAAP and non-GAAP basis are provided in the tables located in the section entitled "Reconciliations of GAAP to non-GAAP Measures."Cisco Declares Quarterly DividendCisco has declared a quarterly dividend of $0.42 per common share to be paid on July 22, 2026, to all stockholders of record as of the close of business on July 6, 2026. Future dividends will be subject to Board approval.Financial SummaryAll comparative percentages are on a year-over-year basis unless otherwise noted.Q3 FY 2026 Highlights Revenue -- Total revenue was $15.8 billion, up 12%, with product revenue up 17% and services revenue down 1%.Revenue by geographic segment was: Americas up 14%, EMEA up 9%, and APJC up 9%. Product revenue performance reflected growth in Networking, up 25% and Observability up 3%. Collaboration was down 1%. Security was flat.Gross Margin -- On a GAAP basis, total gross margin, product gross margin, and services gross margin were 63.6%, 61.9%, and 69.2%, respectively, as compared with 65.6%, 64.4%, and 68.7%, respectively, in the third quarter of fiscal 2025.On a non-GAAP basis, total gross margin, product gross margin, and services gross margin were 66.0%, 64.3%, and 71.6%, respectively, as compared with 68.6%, 67.6%, and 71.3%, respectively, in the third quarter of fiscal 2025.Total gross margins by geographic segment were: 63.7% for the Americas, 71.3% for EMEA and 66.1% for APJC.Operating Expenses -- On a GAAP basis, operating expenses were $6.1 billion, up 1% year over year, and were 38.6% of revenue. Non-GAAP operating expenses were $5.0 billion, up 5%, and were 31.9% of revenue.Operating Income -- GAAP operating income was $4.0 billion, up 24%, with GAAP operating margin of 25.0%. Non-GAAP operating income was $5.4 billion, up 11%, with non-GAAP operating margin at 34.2%.Provision for Income Taxes -- The GAAP tax provision rate was 16.5%. The non-GAAP tax provision rate was 19.0%.Net Income and EPS -- On a GAAP basis, net income was $3.4 billion, an increase of 35%, and EPS was $0.85, an increase of 37%. On a non-GAAP basis, net income was $4.2 billion, an increase of 10%, and EPS was $1.06, an increase of 10%.Cash Flow from Operating Activities -- $3.8 billion for the third quarter of fiscal 2026, a decrease of 7%, compared with $4.1 billion for the third quarter of fiscal 2025.Balance Sheet and Other Financial HighlightsCash and Cash Equivalents and Investments -- $16.6 billion at the end of the third quarter of fiscal 2026, compared with $16.1 billion at the end of fiscal 2025.Remaining Performance Obligations (RPO) -- $43.5 billion, up 4% in total. Product RPO was up 6%, of which long-term RPO was $11.7 billion, up 6%. Services RPO was up 2%.Deferred Revenue -- $28.6 billion, up 2% in total, with deferred product revenue up 2% and deferred services revenue up 2%.Capital Allocation -- In the third quarter of fiscal 2026, we returned $2.9 billion to stockholders through share buybacks and dividends. We declared and paid a cash dividend of $0.42 per common share, or $1.7 billion, and repurchased approximately 16 million shares of common stock under our stock repurchase program at an average price of $80.28 per share for an aggregate purchase price of $1.3 billion. The remaining authorized amount for stock repurchases under the program is $9.6 billion with no termination date.GuidanceCisco expects to achieve the following results for the fourth quarter of fiscal 2026:Q4 FY 2026

Revenue
$16.7 billion - $16.9 billionNon-GAAP gross margin
65.5% - 66.5%Non-GAAP operating margin
34% - 35%Non-GAAP EPS
$1.16 - $1.18Cisco estimates that GAAP EPS will be $0.80 to $0.85 for the fourth quarter of fiscal 2026.Cisco expects to achieve the following results for fiscal 2026:FY 2026

Revenue
$62.8 billion - $63.0 billionNon-GAAP EPS
$4.27 - $4.29Cisco estimates that GAAP EPS will be $3.16 to $3.21 for fiscal 2026.Margin and EPS guidance includes the estimated impact of tariffs based on current trade policy.Our Q4 FY 2026 guidance assumes an effective tax provision rate of approximately 16% for GAAP and approximately 19% for non-GAAP results. Our FY 2026 guidance assumes an effective tax provision rate of approximately 15% for GAAP and approximately 19% for non-GAAP results.A reconciliation between the guidance on a GAAP and non-GAAP basis is provided in the tables entitled "GAAP to non-GAAP Guidance" located in the section entitled "Reconciliations of GAAP to non-GAAP Measures."Editor's Notes: Q3 fiscal year 2026 conference call to discuss Cisco's results along with its guidance will be held on Wednesday, May 13, 2026 at 1:30 p.m. Pacific Time. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international).Conference call replay will be available from 4:00 p.m. Pacific Time, May 13, 2026 to 10:00 p.m. Pacific Time, May 19, 2026 at 1-800-839-2232 (United States) or 1-203-369-3662 (international). The replay will also be available via webcast on the Cisco Investor Relations website at https://investor.cisco.com.Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, May 13, 2026. The conference call will also be livestreamed on YouTube at https://www.youtube.com/live/oihjxLboqdk & LinkedIn at https://www.linkedin.com/events/7455725440733798400. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. The webcast and livestreaming will include both the prepared remarks and the question-and-answer session. This information, along with the GAAP to non-GAAP reconciliation information, will be available on the Cisco Investor Relations website at https://investor.cisco.com.CISCO SYSTEMS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per-share amounts)(Unaudited)

Three Months Ended
Nine Months Ended
April 25,
2026
April 26,
2025
April 25,
2026
April 26,
2025REVENUE:






Product$      12,117
$      10,374
$      34,836
$      30,722Services3,724
3,775
11,237
11,259Total revenue15,841
14,149
46,073
41,981COST OF SALES:






Product4,613
3,688
12,752
10,927Services1,148
1,183
3,524
3,544Total cost of sales5,761
4,871
16,276
14,471GROSS MARGIN10,080
9,278
29,797
27,510OPERATING EXPENSES:






Research and development2,377
2,335
7,132
6,920Sales and marketing2,855
2,724
8,607
8,148General and administrative661
739
2,082
2,286Amortization of purchased intangible assets228
244
690
774Restructuring and other charges(1)
34
182
709Total operating expenses6,120
6,076
18,693
18,837OPERATING INCOME3,960
3,202
11,104
8,673Interest income214
250
646
774Interest expense(377)
(403)
(1,097)
(1,225)Other income (loss), net242
(102)
423
(121)Interest and other income (loss), net79
(255)
(28)
(572)INCOME BEFORE PROVISION FOR INCOME TAXES4,039
2,947
11,076
8,101Provision for income taxes666
456
1,668
471NET INCOME$         3,373
$         2,491
$         9,408
$         7,630







Net income per share:






Basic$           0.85
$           0.63
$           2.38
$           1.92Diluted$           0.85
$           0.62
$           2.36
$           1.91Shares used in per-share calculation:






Basic3,952
3,972
3,954
3,981Diluted3,982
4,002
3,987
4,004 CISCO SYSTEMS, INC.REVENUE BY SEGMENT(In millions, except percentages)


April 25, 2026

Three Months Ended
Nine Months Ended

Amount
Y/Y %
Amount
Y/Y %Revenue:







Americas
$         9,569
14 %
$      27,403
10 %EMEA
4,054
9 %
12,262
10 %APJC
2,218
9 %
6,409
7 %Total
$      15,841
12 %
$      46,073
10 %Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.GROSS MARGIN PERCENTAGE BY SEGMENT(In percentages)


April 25, 2026

Three Months Ended
Nine Months EndedGross Margin Percentage:



Americas
63.7 %
65.4 %EMEA
71.3 %
71.7 %APJC
66.1 %
66.3 % CISCO SYSTEMS, INC.REVENUE FOR GROUPS OF SIMILAR PRODUCTS AND SERVICES(In millions, except percentages)


April 25, 2026

Three Months Ended
Nine Months Ended

Amount
Y/Y %
Amount
Y/Y %Revenue:







Networking
$       8,815
25 %
$      24,877
20 %Security
2,008
— %
6,006
(2) %Collaboration
1,024
(1) %
3,133
1 %Observability
269
3 %
820
3 %Total Product
12,117
17 %
34,836
13 %Services
3,724
(1) %
11,237
— %Total
$     15,841
12 %
$      46,073
10 %Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In millions)(Unaudited)

April 25, 2026
July 26, 2025ASSETS


Current assets:


Cash and cash equivalents$                7,083
$                8,346Investments9,557
7,764Accounts receivable, net of allowance of $73 at April 25, 2026 and $69 at July 26, 20256,480
6,701Inventories4,708
3,164Financing receivables, net2,936
3,061Other current assets5,795
5,950Total current assets36,559
34,986Property and equipment, net2,577
2,113Financing receivables, net3,642
3,466Goodwill59,292
59,136Purchased intangible assets, net7,850
9,175Deferred tax assets7,558
7,356Other assets8,068
6,059TOTAL ASSETS$            125,546
$            122,291LIABILITIES AND EQUITY


Current liabilities:


Short-term debt$              11,932
$                5,232Accounts payable2,970
2,528Income taxes payable173
1,857Accrued compensation3,290
3,611Deferred revenue16,446
16,416Other current liabilities4,730
5,420Total current liabilities39,541
35,064Long-term debt19,371
22,861Income taxes payable2,304
2,165Deferred revenue12,153
12,363Other long-term liabilities3,316
2,995Total liabilities76,685
75,448Total equity48,861
46,843TOTAL LIABILITIES AND EQUITY$            125,546
$            122,291 CISCO SYSTEMS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)

Three Months Ended
Nine Months Ended
April 25,
2026
April 26,
2025
April 25,
2026
April 26,
2025Cash flows from operating activities:






Net income$          3,373
$          2,491
$          9,408
$          7,630Adjustments to reconcile net income to net cash provided by operating
activities:






Depreciation, amortization, and other637
626
1,902
2,176Share-based compensation expense914
945
2,903
2,693Provision for receivables2
10
11
17Deferred income taxes(153)
(410)
(217)
(792)(Gains) losses on divestitures, investments and other, net(263)
57
(500)
52Change in operating assets and liabilities, net of effects of acquisitions
and divestitures:






Accounts receivable133
437
187
1,406Inventories(788)
100
(1,549)
541Financing receivables86
175
(34)
505Other assets40
(89)
(602)
(516)Accounts payable208
349
444
(10)Income taxes, net161
283
(2,342)
(2,002)Accrued compensation(212)
(138)
(332)
(431)Deferred revenue149
31
(141)
(524)Other liabilities(530)
(810)
(347)
(786)Net cash provided by operating activities3,757
4,057
8,791
9,959Cash flows from investing activities:






Purchases of investments(3,139)
(805)
(7,367)
(3,066)Proceeds from sales of investments439
437
1,884
2,228Proceeds from maturities of investments1,508
1,282
3,811
3,985Acquisitions, net of cash and cash equivalents acquired and divestitures—
(34)
(46)
(291)Purchases of non-marketable equity securities(634)
(128)
(699)
(265)Return of investments in non-marketable equity securities168
14
223
108Acquisition of property and equipment(414)
(261)
(1,020)
(688)Other2
—
(6)
(5)Net cash provided by (used in) investing activities(2,070)
505
(3,220)
2,006Cash flows from financing activities:






Issuances of common stock—
—
354
320Repurchases of common stock - repurchase program(1,250)
(1,505)
(4,605)
(4,748)Shares repurchased for tax withholdings on vesting of restricted stock units(294)
(255)
(1,362)
(910)Short-term borrowings, original maturities of 90 days or less, net(338)
(1,491)
412
(479)Issuances of debt6,399
6,982
10,640
17,388Repayments of debt(4,862)
(7,163)
(7,854)
(18,545)Dividends paid(1,660)
(1,627)
(4,894)
(4,812)Other(34)
(78)
(32)
(80)Net cash used in financing activities(2,039)
(5,137)
(7,341)
(11,866)Effect of foreign currency exchange rate changes on cash, cash equivalents,
restricted cash and restricted cash equivalents(24)
(15)
(57)
(23)Net increase (decrease) in cash, cash equivalents, restricted cash and restricted
cash equivalents(376)
(590)
(1,827)
76Cash, cash equivalents, restricted cash and restricted cash equivalents,
beginning of period7,459
9,508
8,910
8,842Cash, cash equivalents, restricted cash and restricted cash equivalents, end of
period$          7,083
$          8,918
$          7,083
$          8,918Supplemental cash flow information:






Cash paid for interest$             604
$             601
$          1,305
$          1,370Cash paid for income taxes, net$             659
$             583
$          4,228
$          3,265 CISCO SYSTEMS, INC.REMAINING PERFORMANCE OBLIGATIONS(In millions, except percentages)

April 25, 2026
January 24, 2026
April 26, 2025
Amount
Y/Y%
Amount
Y/Y%
Amount
Y/Y%Product (1)$    22,058
6 %
$    21,977
8 %
$    20,752
10 %Services21,404
2 %
21,429
2 %
20,915
5 %Total$    43,462
4 %
$    43,406
5 %
$    41,667
7 %(1)As of the end of the third quarter of fiscal 2026, long-term product RPO was $11.7 billion, up 6% year over year. CISCO SYSTEMS, INC.DEFERRED REVENUE(In millions)

April 25,
2026
January 24,
2026
April 26,
2025Deferred revenue:




Product$      13,461
$      13,371
$      13,170Services15,138
15,032
14,821Total$      28,599
$      28,403
$      27,991Reported as:




Current$      16,446
$      16,199
$      16,081Noncurrent12,153
12,204
11,910Total$      28,599
$      28,403
$      27,991 CISCO SYSTEMS, INC.DIVIDENDS PAID AND REPURCHASES OF COMMON STOCK(In millions, except per-share amounts)


DIVIDENDS
STOCK REPURCHASE PROGRAM
TOTALQuarter Ended
Per Share
Amount
Shares
Weighted-
Average Price
per Share
Amount
AmountFiscal 2026











April 25, 2026
$            0.42
$          1,660
16
$          80.28
$          1,252
$          2,912January 24, 2026
$            0.41
$          1,617
18
$          76.29
$          1,351
$          2,968October 25, 2025
$            0.41
$          1,617
29
$          68.28
$          2,001
$          3,618












Fiscal 2025











July 26, 2025
$            0.41
$          1,625
19
$          64.65
$          1,252
$          2,877April 26, 2025
$            0.41
$          1,627
25
$          59.78
$          1,504
$          3,131January 25, 2025
$            0.40
$          1,593
21
$          58.58
$          1,236
$          2,829October 26, 2024
$            0.40
$          1,592
40
$          49.56
$          2,003
$          3,595 CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES 
GAAP TO NON-GAAP NET INCOME(In millions) 

Three Months Ended
Nine Months Ended
April 25,
2026
April 26,
2025
April 25,
2026
April 26,
2025GAAP net income$           3,373
$          2,491
$          9,408
$          7,630Adjustments to cost of sales:






Share-based compensation expense150
152
451
434Amortization of acquisition-related intangible assets221
263
682
917Acquisition/divestiture-related costs7
17
21
53Supplier component remediation charge (adjustment)—
(7)
—
(7)Total adjustments to GAAP cost of sales378
425
1,154
1,397Adjustments to operating expenses:






Share-based compensation expense764
778
2,430
2,222Amortization of acquisition-related intangible assets228
244
690
774Acquisition/divestiture-related costs83
197
282
687Significant asset impairments and restructurings(1)
34
182
709Total adjustments to GAAP operating expenses1,074
1,253
3,584
4,392Adjustments to interest and other income (loss), net:






(Gains) and losses on investments(273)
19
(529)
(72)Total adjustments to GAAP interest and other income (loss), net(273)
19
(529)
(72)Total adjustments to GAAP income before provision for income
taxes1,179
1,697
4,209
5,717Income tax effect of non-GAAP adjustments(325)
(357)
(1,104)
(1,256)Significant tax matters—
—
(132)
(829)Total adjustments to GAAP provision for income taxes(325)
(357)
(1,236)
(2,085)Non-GAAP net income$           4,227
$          3,831
$        12,381
$        11,262 CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GAAP TO NON-GAAP EPS

Three Months Ended
Nine Months Ended
April 25,
2026
April 26,
2025
April 25,
2026
April 26,
2025GAAP EPS$             0.85
$             0.62
$             2.36
$             1.91Adjustments to GAAP:






Share-based compensation expense0.23
0.23
0.72
0.66Amortization of acquisition-related intangible assets0.11
0.13
0.34
0.42Acquisition/divestiture-related costs0.02
0.05
0.08
0.18Significant asset impairments and restructurings—
0.01
0.05
0.18(Gains) and losses on investments(0.07)
—
(0.13)
(0.02)Income tax effect of non-GAAP adjustments(0.08)
(0.09)
(0.28)
(0.31)Significant tax matters—
—
(0.03)
(0.21)Non-GAAP EPS$             1.06
$             0.96
$             3.11
$             2.81Amounts may not sum due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME(In millions, except percentages)

Three Months Ended
April 25, 2026
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
Y/Y
Operating
Income
Y/Y
Interest
and
other
income
(loss),
net
Net
Income
Y/YGAAP amount$ 7,504
$ 2,576
$ 10,080
$ 6,120
1 %
$ 3,960
24 %
$    79
$ 3,373
35 %% of revenue61.9 %
69.2 %
63.6 %
38.6 %


25.0 %


0.5 %
21.3 %

Adjustments to GAAP amounts:















Share-based compensation expense64
86
150
764


914


—
914

Amortization of acquisition-related intangible assets221
—
221
228


449


—
449

Acquisition/divestiture-related costs2
5
7
83


90


—
90

Significant asset impairments and restructurings—
—
—
(1)


(1)


—
(1)

(Gains) and losses on investments—
—
—
—


—


(273)
(273)

Income tax effect/significant tax matters—
—
—
—


—


—
(325)

Non-GAAP amount$ 7,791
$ 2,667
$ 10,458
$ 5,046
5 %
$ 5,412
11 %
$ (194)
$ 4,227
10 %% of revenue64.3 %
71.6 %
66.0 %
31.9 %


34.2 %


(1.2) %
26.7 %

              
Three Months Ended
April 26, 2025
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
OperatingIncome
Interest
and other
income
(loss), net
NetIncomeGAAP amount$   6,686
$   2,592
$   9,278
$   6,076
$   3,202
$    (255)
$   2,491% of revenue64.4 %
68.7 %
65.6 %
42.9 %
22.6 %
(1.8) %
17.6 %Adjustments to GAAP amounts:












Share-based compensation expense67
85
152
778
930
—
930Amortization of acquisition-related intangible assets263
—
263
244
507
—
507Acquisition/divestiture-related costs4
13
17
197
214
—
214Supplier component remediation charge (adjustment)(7)
—
(7)
—
(7)
—
(7)Significant asset impairments and restructurings—
—
—
34
34
—
34(Gains) and losses on investments—
—
—
—
—
19
19Income tax effect/significant tax matters—
—
—
—
—
—
(357)Non-GAAP amount$   7,013
$   2,690
$   9,703
$   4,823
$   4,880
$    (236)
$   3,831% of revenue67.6 %
71.3 %
68.6 %
34.1 %
34.5 %
(1.7) %
27.1 %Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME(In millions, except percentages)

Nine Months Ended
April 25, 2026
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
Y/Y
Operating
Income
Y/Y
Interest
and
other
income
(loss),
net
Net
Income
Y/YGAAP amount$ 22,084
$ 7,713
$ 29,797
$ 18,693
(1) %
$ 11,104
28 %
$  (28)
$ 9,408
23 %% of revenue63.4 %
68.6 %
64.7 %
40.6 %


24.1 %


(0.1) %
20.4 %

Adjustments to GAAP amounts:















Share-based compensation expense195
256
451
2,430


2,881


—
2,881

Amortization of acquisition-related intangible assets682
—
682
690


1,372


—
1,372

Acquisition/divestiture-related costs6
15
21
282


303


—
303

Significant asset impairments and restructurings—
—
—
182


182


—
182

(Gains) and losses on investments—
—
—
—


—


(529)
(529)

Income tax effect/significant tax matters—
—
—
—


—


—
(1,236)

Non-GAAP amount$ 22,967
$ 7,984
$ 30,951
$ 15,109
5 %
$ 15,842
10 %
$ (557)
$ 12,381
10 %% of revenue65.9 %
71.1 %
67.2 %
32.8 %


34.4 %


(1.2) %
26.9 %

              
Nine Months Ended
April 26, 2025
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
OperatingIncome
Interest
and other
income
(loss), net
NetIncomeGAAP amount$ 19,795
$   7,715
$ 27,510
$ 18,837
$   8,673
$    (572)
$   7,630% of revenue64.4 %
68.5 %
65.5 %
44.9 %
20.7 %
(1.4) %
18.2 %Adjustments to GAAP amounts:












Share-based compensation expense189
245
434
2,222
2,656
—
2,656Amortization of acquisition-related intangible assets917
—
917
774
1,691
—
1,691Acquisition/divestiture-related costs12
41
53
687
740
—
740Supplier component remediation charge (adjustment)(7)
—
(7)
—
(7)
—
(7)Significant asset impairments and restructurings—
—
—
709
709
—
709(Gains) and losses on investments—
—
—
—
—
(72)
(72)Income tax effect/significant tax matters—
—
—
—
—
—
(2,085)Non-GAAP amount$ 20,906
$   8,001
$ 28,907
$ 14,445
$ 14,462
$    (644)
$ 11,262% of revenue68.0 %
71.1 %
68.9 %
34.4 %
34.4 %
(1.5) %
26.8 %Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
EFFECTIVE TAX RATE(In percentages)

Three Months Ended
Nine Months Ended
April 25,
2026
April 26,
2025
April 25,
2026
April 26,
2025GAAP effective tax rate16.5 %
15.5 %
15.1 %
5.8 %Total adjustments to GAAP provision for income taxes2.5 %
2.0 %
3.9 %
12.7 %Non-GAAP effective tax rate19.0 %
17.5 %
19.0 %
18.5 % GAAP TO NON-GAAP GUIDANCE
Q4 FY 2026
Gross Margin
Rate
Operating Margin
Rate
Earnings per
Share (1)GAAP
63.5% - 64.5%
23% - 24%
$0.80 - $0.85Estimated adjustments for:





Share-based compensation expense
1.0 %
5.0 %
$0.14 - $0.15Amortization of acquisition-related intangible assets and acquisition/divestiture-related costs
1.0 %
3.0 %
$0.10 - $0.11Significant asset impairments and restructurings (2)
—
3.0 %
$0.09 - $0.10Non-GAAP
65.5% - 66.5%
34% - 35%
$1.16 - $1.18 FY 2026
Earnings per
Share (1)GAAP
$3.16 - $3.21Estimated adjustments for:

Share-based compensation expense
$0.67 - $0.68Amortization of acquisition-related intangible assets and acquisition/divestiture-related costs
$0.43 - $0.44Significant asset impairments and restructurings (2)
$0.12 - $0.13(Gains) and losses on investments
($0.11)Significant tax matters
($0.03)Non-GAAP
$4.27 - $4.29(1) Estimated adjustments to GAAP earnings per share are shown after income tax effects.(2) On May 13, 2026, Cisco announced a restructuring plan in order to allow it to invest in key growth opportunities including silicon, optics, security and AI. In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs. Cisco expects to recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026 with the remaining amount expected to be recognized during fiscal 2027.Margin and EPS guidance includes the estimated impact of tariffs based on current trade policy.Except as noted above, this guidance does not include the effects of any future acquisitions/divestitures, significant asset impairments and restructurings, significant litigation settlements and other contingencies, gains and losses on investments, significant tax matters, or other items, which may or may not be significant.Forward Looking Statements, Non-GAAP Information and Additional InformationThis release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events (such as being well positioned for the AI era, the significant momentum and raised expectations of AI infrastructure from hyperscalers, the major multi-year, multi-billion-dollar campus networking refresh, the speed and scale of our innovation, the significant opportunities that lie ahead, and the timing and size of the restructuring) and the future financial performance of Cisco (including the guidance for Q4 FY 2026 and full year FY 2026) that involve risks and uncertainties, such as the actual impact of tariffs on our guidance for Q4 FY 2026 and full year FY 2026. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; our development and use of artificial intelligence; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market, cloud, enterprise and other customer markets; the return on our investments in certain key priority areas, and in certain geographical locations, as well as maintaining leadership in Networking and services; the timing of orders and manufacturing and customer lead times; supply constraints; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; our ability to achieve expected benefits of our partnerships; increased competition in our product and services markets, including the data center market; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, other intellectual property, antitrust, stockholder and other matters, and governmental investigations; our ability to achieve the benefits of restructurings and possible changes in the size and timing of related charges; cyber attacks, data breaches or other incidents; vulnerabilities and critical security defects; our ability to protect personal data; evolving regulatory uncertainty; terrorism; natural catastrophic events (including as a result of global climate change); any pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during economic downturns; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent reports on Forms 10-Q and 10-K filed on February 17, 2026 and September 3, 2025, respectively. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Cisco's results of operations for the three and nine months ended April 25, 2026 are not necessarily indicative of Cisco's operating results for any future periods. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. Such information speaks only as of the date of this release.This release includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data for the periods presented. It also includes future estimated ranges for gross margin, operating margin, tax provision rate and EPS on a non-GAAP basis.These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles (GAAP) and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures.Cisco believes that the presentation of non-GAAP measures when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations.For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, acquisition/divestiture-related costs, significant asset impairments and restructurings, significant litigation settlements and other contingencies, gains and losses on investments, the income tax effects of the foregoing and significant tax matters. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. From time to time in the future there may be other items that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results. For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.About CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Copyright © 2026 Cisco and/or its affiliates. All rights reserved. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. Third-party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds View original content to download multimedia:https://www.prnewswire.com/news-releases/cisco-reports-third-quarter-earnings-302771456.htmlSOURCE Cisco Systems, Inc. Original: CISCO REPORTS THIRD QUARTER EARNINGS

Trump’s China visit, inflation concerns and Cisco earnings dominate market focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesMay 13, 2026 5:04 AM
IH Market News U.S. stock index futures traded near unchanged levels on Wednesday as investors monitored President Donald Trump’s upcoming trip to China and prepared for another round of corporate earnings and economic developments. Trump is expected to hold talks with Chinese President Xi Jinping this week, with discussions likely to cover trade, Taiwan and the ongoing conflict involving Iran. Meanwhile, Cisco Systems (NASDAQ:CSCO) is scheduled to release quarterly earnings results, while the U.S. Senate is expected to confirm Kevin Warsh as the next chair of the Federal Reserve. Futures remain close to flat At 03:33 ET, Dow futures were down 26 points, or 0.1%, while S&P 500 futures added 12 points, or 0.2%. Nasdaq 100 futures outperformed, rising 151 points, or 0.5%.Wall Street ended the previous session mixed as investors weighed ongoing tensions between Washington and Tehran against a pullback in semiconductor stocks, which had recently rallied sharply on renewed optimism surrounding artificial intelligence.Market sentiment was also pressured by fresh inflation data showing that U.S. consumer prices continued to rise rapidly in April after a strong increase the previous month. Investors remain concerned that the Iran conflict and the continued closure of the Strait of Hormuz are contributing to an energy shock that could intensify inflation and prompt central banks globally to maintain higher interest rates.Reflecting these concerns, market expectations for Federal Reserve rate hikes by next April climbed to 20 basis points. Yields on benchmark U.S. government bonds also moved higher, with the 10-year Treasury yield reaching its highest level since June 2025 and the interest-rate-sensitive 2-year note also advancing. Rising yields can reduce the relative attractiveness of equities because bond prices and yields typically move in opposite directions. Trump prepares for talks in China Attention is increasingly shifting toward China, where Trump is due to meet Xi Jinping later this week.The leaders are expected to discuss several major geopolitical and economic issues, including trade relations and Taiwan. However, analysts believe the conflict between the United States and Iran may dominate much of the summit’s attention.Some observers have suggested that China, as a major buyer of Iranian crude oil, could potentially play a role in supporting a lasting peace agreement, although expectations for a diplomatic breakthrough have eased.Negotiations between Washington and Tehran appear to have stalled. Earlier this week, Trump rejected Iran’s response to a U.S. peace proposal, describing it as “unacceptable” and a “piece of garbage.” Reports have also circulated over the possibility that the White House could resume military strikes against Iran.Iranian officials, meanwhile, have not indicated any willingness to make further concessions to the Trump administration. Oil prices remain elevated despite slight pullback The prolonged deadlock has effectively kept the Strait of Hormuz — a key shipping route off Iran’s southern coastline through which around one-fifth of global oil supply passes — largely shut for weeks.In a research note, analysts at Deutsche Bank said there is “increased nervousness [among investors] that a U.S.-Iran deal looks further away than most would have hoped when the more positive news flow came through a week ago,” when reports suggested an agreement could be close.Oil prices therefore remain well above the roughly $70-per-barrel levels seen before the U.S. and Israel launched military operations against Iran in late February. Brent crude futures, the international benchmark, were last down 0.9% at $106.82 a barrel. Cisco earnings in focus Investors are also awaiting quarterly results from Cisco Systems (NASDAQ:CSCO), which are due after the close of U.S. trading.Cisco’s report will mark the beginning of a broader earnings season for companies reporting fiscal quarters ending in April. Earlier earnings releases covering periods ending in March were generally strong and helped support equity markets despite concerns tied to inflation and geopolitical tensions.In February, Cisco reported adjusted gross margins below expectations, partly due to sharply higher memory chip prices. Demand for processors used in AI infrastructure has contributed to supply shortages and rising costs across the technology sector.Chief executive Chuck Robbins said at the time that Cisco had responded by increasing prices and revising customer contract terms. Senate expected to confirm Warsh as next Fed chair The U.S. Senate is expected to vote later Wednesday on confirming Kevin Warsh as the next Federal Reserve chair, succeeding current chair Jerome Powell.On Tuesday, the Senate approved Warsh’s nomination to the Federal Reserve Board of Governors in a 51-45 vote, granting him a 14-year term on the board.The vote largely followed party lines, although Democratic Senator John Fetterman joined Republicans in supporting Warsh’s confirmation.Warsh was selected by Trump, who has repeatedly pressured the Federal Reserve to cut interest rates in an effort to support economic growth.Cisco stock price Original: Trump’s China visit, inflation concerns and Cisco earnings dominate market focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

Futures Signal Modestly Lower Start for U.S. Markets: Dow Jones, S&P, Nasdaq, Wall StreetMay 11, 2026 9:13 AM
IH Market News U.S. stock futures traded slightly lower on Monday morning, indicating Wall Street could open softer after last week’s strong rally pushed major indexes to fresh record closing highs.Investors appeared cautious following Friday’s gains, with some traders potentially taking profits after the Nasdaq and S&P 500 extended their recent advance. Rising Oil Prices Add Pressure to Sentiment A sharp rebound in crude oil prices also weighed on market sentiment, with U.S. crude futures rising more than 2%.Oil prices climbed after President Donald Trump dismissed Iran’s response to a U.S. proposal aimed at ending the prolonged conflict in the Middle East, describing the offer as “totally unacceptable” in a post on Truth Social.Iranian state media reported that Tehran’s counterproposal included demands for compensation related to war damages as well as formal recognition of Iran’s sovereignty over the Strait of Hormuz.Despite escalating tensions, U.S. equities have recently remained resilient, supported by stronger-than-expected corporate earnings and confidence in the broader economic outlook. Inflation and Economic Data in Focus This Week Market participants are expected to closely monitor upcoming reports on consumer and producer prices this week as investors assess whether higher oil prices are beginning to feed through into inflation.Attention will also turn toward retail sales and industrial production figures, alongside quarterly earnings reports from companies including Under Armour (NYSE:UAA) and Cisco Systems (NASDAQ:CSCO). Nasdaq and S&P 500 Ended Last Week at Record Highs Stocks rallied strongly on Friday following Thursday’s pullback, with technology shares leading the gains.The Nasdaq Composite surged 440.88 points, or 1.7%, to finish at a new record closing high of 26,247.08. The S&P 500 rose 61.82 points, or 0.8%, ending at 7,398.93, while the Dow Jones Industrial Average added 12.19 points to close at 49,609.19.Over the course of the week, the Nasdaq advanced 4.4%, the S&P 500 climbed 2.3%, and the Dow edged up 0.2%. Strong U.S. Jobs Report Boosted Investor Confidence Friday’s gains followed the release of a closely watched U.S. labor market report showing significantly stronger-than-expected hiring in April.The Labor Department reported that non-farm payrolls increased by 115,000 jobs during the month after an upwardly revised gain of 185,000 jobs in March.Economists had forecast payroll growth of 63,000 jobs, compared with the originally reported 178,000 increase in March.The report highlighted solid hiring across healthcare, transportation and warehousing, and retail industries, while employment within the federal government continued to decline modestly.Meanwhile, the unemployment rate held steady at 4.3% in April, matching both the prior month and analyst expectations. Middle East Tensions Remain in Focus The labor data helped ease concerns surrounding the economic fallout from the ongoing Middle East conflict, despite overnight military exchanges between the U.S. and Iran near the Strait of Hormuz.According to reports, three U.S. destroyers came under attack from Iranian missiles and drones while transiting the strait. U.S. Central Command stated that incoming threats were intercepted and that retaliatory strikes targeted Iranian military facilities linked to the attacks.In a later phone interview with ABC News’ Rachel Scott, President Trump described the retaliatory action against Iran as “just a love tap” and insisted that the ceasefire agreement remained in place.U.S. Central Command also said American forces disabled two Iranian-flagged oil tankers attempting to enter an Iranian port in the Gulf of Oman. Technology and Gold Stocks Lead Sector Gains Technology-related sectors posted some of the strongest gains on Friday, helping drive the Nasdaq to record territory.The NYSE Arca Computer Hardware Index jumped 6.6%, while the Philadelphia Semiconductor Index climbed 5.5%.Gold mining shares also moved higher as gold prices edged upward, lifting the NYSE Arca Gold Bugs Index by 3.2%.Networking, steel and telecommunications stocks also recorded solid advances, while pharmaceutical companies underperformed and closed lower.Get stock prices from InvestorsHub Original: Futures Signal Modestly Lower Start for U.S. Markets: Dow Jones, S&P, Nasdaq, Wall Street

CSCO, new 52 week high

Cisco Schedules Conference Call for Q3 Fiscal Year 2026 Financial ResultsMay 1, 2026 4:30 PM
PR Newswire (US)

SAN JOSE, Calif., May 1, 2026 /PRNewswire/ -- Cisco (NASDAQ: CSCO) has scheduled a conference call for Wednesday, May 13, 2026, at 1:30 PM (PT); 4:30 PM (ET) to announce its third quarter fiscal year 2026 financial results for the period ending Saturday, April 25, 2026.







Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, May 13, 2026. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com.Date:
Wednesday, May 13, 2026Time:
1:30 PM (PT); 4:30 PM (ET)To Listen via Telephone: 
888-848-6507
212-519-0847 (for International Callers)To Listen via the Internet: 
We are pleased to offer a live and replay audio broadcast of the conference call with corresponding slides at https://investor.cisco.com.The conference call will also be livestreamed on YouTube & LinkedIn.Replay:
A telephone playback of the Q3 FY2026 conference call is scheduled to be available beginning at 4:00 PM (PT) on May 13, 2026, through 10:00 PM (PT) May 19, 2026. The replay will be accessible by calling 800-839-2232 (International callers: 203-369-3662). The call runs 24 hours/day, including weekends. An archived version of the webcast will be available on Cisco's Investor Relations website at https://investor.cisco.com.About Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Investor Relations Contact: Press Contact: Sami BadriBritt StagnaroCiscoCiscosambadri@cisco.commedia_pr@external.cisco.com  



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Original: Cisco Schedules Conference Call for Q3 Fiscal Year 2026 Financial Results

CSCO, new highs

CSCO, nice rally

Cisco Appoints Pete Shimer to its Board of DirectorsApril 6, 2026 4:05 PM
PR Newswire (US)

News Summary:Cisco appoints Pete Shimer, former Deloitte executive and seasoned board leader, to its board of directors, effective today.Shimer brings four decades of executive leadership experience, including extensive C-suite tenure, and will serve on the Board's Audit Committee.His expertise in enterprise transformation, strategic planning and digital innovation are especially relevant today as Cisco delivers critical infrastructure for the AI era.SAN JOSE, Calif., April 6, 2026 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced the appointment of Pete Shimer to its board of directors, effective immediately.







"We're delighted to welcome Pete to Cisco's board," said Chuck Robbins, chair and CEO of Cisco. "His four decades of experience leading large global organizations and guiding clients through digital transformation brings invaluable insight at a critical moment, as Cisco delivers the critical infrastructure powering AI innovation worldwide."Over his distinguished 40-year career at Deloitte, Shimer held senior leadership positions driving enterprise-wide transformation, corporate development, and strategic planning. His decade-long tenure in Deloitte's C-suite – including roles as Chief Operating Officer, Chief Financial Officer, and interim Chief Executive Officer – demonstrates the depth of operational and financial expertise he brings to Cisco's board.Shimer currently serves as a director on the boards of Alaska Airlines, Korn Ferry, and Synopsys, and as Executive Chair of the Cancer Artificial Intelligence Alliance (CAIA).Shimer holds a Bachelor of Arts degree in Accounting from the University of Washington. He is an Executive Committee Board member for the Fred Hutchinson Cancer Center and University of Washington Foster School of Business. He is also a past Chair of the Board of Directors for the University of Washington Foundation.For more information about Cisco's board of directors, visit here.About Cisco 
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on?The Newsroom?and follow us on X at?@Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at?http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company. 










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Original: Cisco Appoints Pete Shimer to its Board of Directors

CSCO, trending sideways

Cisco Report: Strategic Wireless Investments are Driving Higher ROI for Enterprises in the AI EraApril 2, 2026 11:00 AM
PR Newswire (US)

News summary:Wi-Fi Investment Momentum: Driven by the rise of AI, IoT, and high-bandwidth applications, four out of five organizations increased wireless investment in the past five years, with a similar number forecasting continued budget increases.The Multiplier Effect: Strategic wireless investment drives business value, with more than two-thirds of organizations reporting positive revenue impacts, and three quarters experiencing enhanced customer engagements and seeing efficiency gains.The Wireless AI Paradox: Organizations that can successfully navigate challenges posed by AI (complexity, security and talent) are reaping the rewards with greater wireless ROI.The Automation Imperative: AI-driven operations can help reclaim 850+ hours per IT practitioner annually, shifting teams from reactive "ticket cycles" to high-value strategic initiatives.SAN JOSE, Calif., April 2, 2026 /PRNewswire/ -- Cisco today released its inaugural State of Wireless Report, revealing that Wi-Fi has evolved into a strategic growth engine capable of delivering a multiplier effect—where a single network investment drives compounding returns across employee productivity, customer engagement, and revenue. Based on a survey of over 6,000 global wireless professionals, the report underscores that as organizations reach an inflection point in connectivity demand, those who prioritize wireless strategically are achieving significantly higher business value than their peers.
This business value is governed by the "wireless AI paradox": while AI is a primary driver of wireless ROI, it may also fuel operational complexity and security risks. Whether this dynamic becomes a barrier or a competitive advantage depends on how organizations navigate it. The report provides a strategic roadmap—integrating AI-driven automation, modern security, and specialized expertise—to help address these potential challenges. By taking this holistic approach, the report suggests, organizations are four times more likely to achieve strong returns, turning their wireless infrastructure into a powerful competitive edge.Modern wireless drives better outcomes for customers, operations, employees, and revenueThe rise of the Internet of Things, AI workloads, and high-bandwidth applications like 4K/8K streaming and AR/VR are now the primary drivers for wireless modernization. As organizations adapt to these demands alongside shifting workplace trends like hot desking and BYOD, they are significantly increasing their wireless budgets:80% increased spending over the last five years29% increased budgets by 50% or more over those five years82% forecast continued budget increases over the next 4-5 years35% expect to increase budgets by 50% or more over this timeThose already modernizing are experiencing a multiplier effect—where an investment in wireless generates multiple positive business outcomes:78% report operational efficiency gains75% see employee productivity improvements75% observe enhanced customer engagement68% experience positive revenue impacts from wireless investments"The enterprise workforce is evolving into blended teams of humans, AI agents, and automated systems, all operating together at machine speed. Wi-Fi is the foundation that makes that possible, connecting every endpoint, protecting every interaction, and unlocking the operational insights that drive smarter decisions across the business," said Anurag Dhingra, SVP & GM, Enterprise Connectivity & Collaboration, Cisco. "AI is both the biggest opportunity and the biggest test for enterprise networks right now."The survey shows organizations are accelerating the refresh of wireless networks, with an increasing percentage of respondents planning to upgrade to the 6GHz spectrum. Nearly three in five organizations report plans to deploy Wi-Fi 6E or Wi-Fi 7 in the next year for modernized connectivity.The Wireless AI ParadoxWhile AI drives innovation, it introduces three interconnected areas that—when successfully navigated—make organizations four times more likely to achieve wireless ROI (4:1 or higher). To harness this competitive advantage, organizations should consider prioritizing:Reducing operational complexity: With nearly all organizations (98%) reporting rising wireless complexity, many teams are trapped in a reactive cycle that drains resources, diverts resources away from strategic work, and undermines AI initiatives. To manage this, more than four surveyed organizations prefer a fully or mostly automated wireless network powered by AI-driven operations. This approach is proven: 98% of those already using AI automation report substantial gains, saving an average of 3 hours and 20 minutes per person, per day.Mitigating wireless security risks: AI-generated security incidents are a leading driver of increased wireless security risk. Over half of organizations report financial losses from wireless security incidents, with half of them exceeding US$1 million annually. Over a third of affected organizations point to compromised Internet of Things (IoT) or Operational Technology (OT) devices as the culprits.Addressing competition for wireless personnel: A significant personnel shortage is amplifying operational challenges. Nearly nine in ten wireless leaders are struggling to hire qualified professionals, citing increasing talent movement to roles in areas like AI and cybersecurity. This talent gap is costly: organizations facing more significant hiring difficulties are more likely to incur security incident costs that are 70% higher annually than those with no recruitment challenges.About the Cisco State of Wireless ReportThe Cisco State of Wireless Report is an inaugural global study based on interviews with 6,098 wireless decision-makers and technical specialists in organizations with at least 250 employees across 30 markets and a range of industries. Research was conducted by Sandpiper Research & Insights.Additional Resources:Join Cisco on Thursday, April 2 at 9 a.m. PT for a LinkedIn Live event to learn more about the State of Wireless ReportDownload the 2026 State of Wireless Global ReportVisit the Cisco State of Wireless Report Landing PageCisco's Executive Blog: The Multiplier Effect: Solving the AI Paradox in 2026Cisco's Networking Blog: Breaking the wireless AI paradox: Turning challenges into competitive advantageAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Logo - https://mma.prnewswire.com/media/2808325/Cisco_Logo.jpg  



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Original: Cisco Report: Strategic Wireless Investments are Driving Higher ROI for Enterprises in the AI Era

The Quiet Shift That's Repricing the Entire Cybersecurity StackMarch 30, 2026 9:00 AM
PR Newswire (Canada)

Issued on behalf of Quantum Secure Encryption Corp.USANewsGroup.com News CommentaryVANCOUVER, BC, March 30, 2026 /CNW/ -- Cybersecurity budgets aren't just growing anymore; they're being yanked forward. Global spending is on pace to hit $240 billion in 2026, a 12.5% jump that Gartner ties directly to tighter regulations and a new breed of autonomous threats that move faster than any human analyst can react[1]. That kind of acceleration doesn't happen in a mature market unless something foundational has changed. Something has. The $220 billion cybersecurity sector is being structurally rewired as enterprises scramble to lock down agentic AI systems, tools that can operate across identity, infrastructure, and operations at machine speed, with or without a human in the loop[2]. That convergence of urgency and underinvestment is creating asymmetric upside for companies positioned across the full security stack: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Okta (NASDAQ: OKTA), Palo Alto Networks (NASDAQ: PANW), Open Text (NASDAQ: OTEX), and Cisco Systems (NASDAQ: CSCO).
The clock is already running. Analysts warn that organizations dragging their feet on post-quantum cryptographic migration are now sitting outside what's considered a responsible timeline, with CNSA 2.0 compliance deadlines for national security systems landing in January 2027 and full migration mandated by 2035[3]. Layer on top of that CISA's landmark Cyber Incident Reporting rulemaking, a mandate expected to cover more than 316,000 entities and flood federal agencies with real-time visibility into the threats hammering critical infrastructure[4]. For investors, the signal is clear: regulatory catalysts and scalable security platforms are converging in a way that favors early movers with proven technology stacks.Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) just landed its first municipal government pilot for post-quantum cybersecurity, a milestone that puts the Vancouver-based company inside a market most of its peers are still only talking about.The pilot is running through QSE's membership in MISA (Municipal Information Systems Association), a national network that helps Canadian municipal governments evaluate new technology. The participating municipality will use QSE's Quantum Preparedness Assessment (QPA) platform to identify which of its systems rely on encryption that future quantum computers could eventually break, and to start building a plan to upgrade before that becomes a real problem."Our engagement with municipal governments reflects the growing recognition that post-quantum security planning must begin well before quantum computing capabilities reach maturity," said Ted Carefoot, CEO of QSE. "Municipal governments operate critical infrastructure and sensitive citizen data systems, making early evaluation of cryptographic risk an important step in preparing for the next generation of cybersecurity challenges."The company noted it is already in conversations with additional municipalities exploring similar assessments. The municipal deal is one piece of a broader commercial expansion. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors now active across its channel network and two more partnerships expected to close shortly.On the product side, the company has added expanded automation to its QPA platform, improving how it analyzes software, cryptographic, and hardware bills of materials. That matters because most organizations still do not have a clear picture of where their encryption is weakest. QSE also integrated its quantum-resistant entropy layer into QAuth, its authentication platform, strengthening how cryptographic keys are generated at the source level.The company has been positioning itself on the institutional side as well, joining CADSI (Canadian Association of Defence and Security Industries) alongside its MISA membership. Both affiliations open pathways into Canadian defence and public-sector procurement.QSE is a Canadian post-quantum security company building tools to help organizations protect their data from the more powerful cyberattacks that quantum computing is expected to make possible. Its platform covers migration readiness, quantum-resilient key generation, identity and authentication, and encrypted storage, targeting commercial, enterprise, and government clients preparing for a generational shift in how encryption works.CONTINUED… Read this and more on QSE at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/In other industry developments and happenings in the market include:Okta (NASDAQ: OKTA) has unveiled a new agentic security blueprint designed to help enterprises govern AI agents across their entire technology stack, addressing three defining questions: where agents are deployed, what they can access, and what actions they can perform. The framework is backed by Okta for AI Agents, a forthcoming platform launching April 30, 2026, that enables organizations to discover and register both sanctioned and shadow agents as first-class identities while standardizing access controls across MCP servers, APIs, and enterprise applications."AI agents are evolving faster than any software before them, making traditional security models obsolete. Speed is now a given, but security is the differentiator," said Ric Smith, President of Products & Technology of Okta. "With this new blueprint, Okta is establishing the industry standard for the secure agentic enterprise. We enable companies to discover shadow agents, secure connection points, and maintain the ultimate 'kill switch' to protect their enterprise from evolving risks."The platform includes an Agent Gateway serving as a centralized control plane, privileged credential vaulting with automatic rotation, and Universal Logout functionality capable of instantly revoking all agent access tokens enterprise-wide. With recent research showing while 88% of organizations report suspected or confirmed Al agent security incidents, only 22% organizations need a new approval, Okta is targeting a critical and largely unaddressed gap in enterprise security architecture.Palo Alto Networks (NASDAQ: PANW) launched Prisma AIRS 3.0, advancing its AI security platform with end-to-end discovery, risk assessment, and runtime protection across the full agentic AI lifecycle. The platform addresses critical gaps enterprises face as they shift from observing AI interactions to authorizing autonomous execution, with new capabilities spanning shadow AI detection, agentic identity management, Agent Artifact Security scanning, AI Red Teaming, and the AI Agent Gateway for centralized runtime governance."Agentic AI represents a massive leap forward, moving beyond simple conversation to autonomous action that will redefine productivity," said Anand Oswal, Executive Vice President of AI & Network Security of Palo Alto Networks. "But this shift from 'AI that talks' to 'AI that acts' introduces new risks — from unmanaged agentic identities to unpredictable runtime behaviors. Prisma AIRS 3.0 provides a comprehensive platform to discover, assess and protect agentic AI, giving our customers the unique ability to confidently, and securely, scale the AI-powered enterprise."The platform replaces fragmented point solutions with a unified architecture capable of inventorying agents across cloud, SaaS, and endpoint environments that traditional tools miss. Following the close of its proposed Koi acquisition, Palo Alto Networks plans to add Agentic Endpoint Security to extend visibility to AI endpoint applications including coding agents.Open Text (NASDAQ: OTEX) has released a new global report developed in partnership with the Ponemon Institute revealing that while more than half of enterprises have fully or partially deployed GenAI, security and governance foundations are failing to keep pace. The study of 1,878 IT and security practitioners found that nearly 8 in 10 organizations have not yet reached full AI maturity in cybersecurity, fewer than half have adopted a risk-based AI governance strategy, and 59% say AI makes regulatory compliance more difficult despite only 41% having AI-specific data privacy policies in place."AI maturity isn't just about adopting AI tools — it's about doing it responsibly," said Muhi Majzoub, EVP, Product & Engineering of Open Text. "Security and governance are foundational to getting real value from AI. When they're built into AI systems from the start, organizations can operate with greater transparency, monitor systems continuously, and trust the outcomes AI delivers."The research also found that just 51% of respondents consider AI effective in reducing threat detection time, and fewer than half rate it effective in threat hunting, reflecting how governance and maturity gaps are limiting the tools organizations deployed to enhance security. Open Text provides enterprise-grade secure information management solutions designed to help organizations govern and activate AI data with confidence.Cisco Systems (NASDAQ: CSCO) has unveiled a comprehensive suite of security innovations at RSA Conference 2026 designed specifically for the agentic AI workforce, addressing the critical gap between rapid AI agent adoption and enterprise security readiness. A recent Cisco survey found that 85% of major enterprise customers are experimenting with AI agents, but just 5% have moved agentic technology into production, a barrier the company is targeting through new Zero Trust Access extensions to agents, the launch of AI Defense Explorer Edition for self-service red teaming, and a new open-source secure agent framework called DefenseClaw."AI agents aren't just making existing work faster; they're a new workforce of co-workers that dramatically expand what organizations can accomplish," said Jeetu Patel, President and Chief Product Officer at Cisco. "Projects shelved for lack of resources are now within reach. The only limit is imagination, and security teams are the key to unlocking this opportunity by making the agentic workforce safe enough to trust."Cisco is also advancing its Splunk-powered security operations center capabilities with specialized AI agents including Detection Studio and Malware Threat Reversing Agent being generally available, and Exposure Analytics, SOP Agent and Federated Search are expected to launch in April and May. The innovations span three pillars: protecting the world from agents, protecting agents from the world, and enabling security operations teams to detect and respond at machine speed.FURTHER READING: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/CONTACT:USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.gartner.com/en/newsroom/press-releases/2026-02-05-gartner-identifies-the-top-cybersecurity-trends-for-2026 https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/securing-the-agentic-enterprise-opportunities-for-cybersecurity-providers https://federalnewsnetwork.com/commentary/2026/03/the-business-impact-of-cryptographic-drift-the-urgent-case-for-post-quantum-cryptography/ https://www.federalregister.gov/documents/2026/02/13/2026-02948/cyber-incident-reporting-for-critical-infrastructure-act-circia-rulemaking-town-hall-meetings Logo: https://mma.prnewswire.com/media/2838876/5890118/USA_News_Group_Logo.jpg



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Original: The Quiet Shift That's Repricing the Entire Cybersecurity Stack

CSCO, trending sideways

Cisco Secure AI Factory with NVIDIA Makes AI Easier to Deploy and Secure, Anywhere Organizations Need ItMarch 16, 2026 4:30 PM
PR Newswire (US)

Expanded architecture lets businesses run AI at scale, from central data centers to the factory floor, without sacrificing performance or securityNEWS SUMMARY:Cisco expands its Secure AI Factory with NVIDIA to work not just in large data centers, but at local edge sites where real-time decisions can't wait, from hospitals and warehouses to moving vehicles.Cisco is the premier partner to deliver partner-developed systems featuring NVIDIA Spectrum-X switch silicon paired with a Cisco operating system, providing customers the flexibility of leveraging both NVIDIA Cloud Partner-compliant reference architectures and Cisco Silicon One-based architectures.Cisco adds deeper security capabilities to its reference architecture by extending Hybrid Mesh Firewall policy enforcement to NVIDIA BlueField DPUs and integrating Cisco AI Defense to secure multi-agent systems.Cisco AI Defense will support and secure NVIDIA's new open agent development platform, OpenShell, adding controls and guardrails to govern agent and claw actions.SAN JOSE, Calif., March 16, 2026 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced a major expansion of its Secure AI Factory with NVIDIA, giving customers a framework for deploying AI across their entire infrastructure – from central data center to local sites where data is created and decisions are made.  Enterprises, neoclouds, sovereign clouds, and service providers can now move AI from pilot to full-scale production without stitching together disconnected systems, compressing deployment timelines from months to weeks and embedding security from the start.







"Most organizations understand the potential for AI to transform their businesses, but they're navigating how to deploy the technology safely and at scale," said Chuck Robbins, Chair and CEO, Cisco. "In partnership with NVIDIA, we're solving that challenge with an architecture that sets a new standard for performance – making it simpler to deploy, operate, and secure AI infrastructure.""AI factories are transforming every industry, and security must be built into every layer—from silicon to software—to protect data, applications, and infrastructure," said Jensen Huang, founder and CEO of NVIDIA. "Together, NVIDIA and Cisco are building the secure foundation for AI infrastructure—core to edge—so companies can scale intelligence with confidence."AI That Runs Everywhere, Not Just in the Data CenterAI inference happens where data lives and decisions can't wait, whether on the hospital floor or for analyzing video of a factory floor in real-time to keep workers safe. This reality fundamentally reshapes infrastructure by requiring inference workloads to operate locally — closer to the data, the devices, and the moment a decision must be made. Cisco and NVIDIA are enabling organizations to support edge inferencing use cases by:Transforming the Enterprise Edge: Now supporting NVIDIA RTX PRO™ 4500 Blackwell Server Edition GPUs across the Cisco UCS and Cisco Unified Edge portfolios, Cisco enables enterprises to run mission-critical AI workloads at the edge without the energy cost and footprint of data center-scale hardware.Transforming the Service Provider Edge: Today Cisco announces the Cisco AI Grid with NVIDIA reference design that combines the power of Cisco's Mobility Services Platform with NVIDIA RTX PRO Blackwell Series GPUs. This enables service providers to leverage their existing networks to offer managed services for edge AI applications with carrier-grade reliability and sovereignty.Driving Performance and Efficiency for Massive-Scale AI FactoriesBuilding on the momentum of the recently launched systems powered by Cisco Silicon One G300 for scale-out and P200 for scale-across, Cisco continues to raise the performance ceiling while making the whole process faster and simpler.Next-Generation Performance: Cisco's latest high-speed switches power the most demanding AI workloads, including a new 102.4Tbps Cisco N9100 powered by NVIDIA Spectrum-6 Ethernet switch silicon. This joins the now generally available 800G N9100 powered by NVIDIA Spectrum-4 Ethernet switch silicon.Rapid Deployment: Cisco Nexus Hyperfabric, now a part of Cisco Nexus One, will support Cisco N9000 Series switches, including the N9100 Series powered by NVIDIA Spectrum-X Ethernet silicon. Now organizations can transform a complex, multi-vendor integration puzzle into a simple, full-stack solution to cut deployment times and reduce the burden on IT.Customers building large AI factories now have two validated paths to choose from: an AI factory based on a reference architecture compliant with the NVIDIA Cloud Partner (NCP) program, and a Cisco Cloud Reference Architecture built on Cisco Silicon One that adheres to the same design tenets.Security Fused into Every LayerIn an era where AI models are high-value assets and agents are more autonomous, taking actions, making decisions and interacting with other agents - security can't be an afterthought. Cisco is embedding protection into the fabric of the Secure AI Factory with NVIDIA to safeguard against both external threats and rogue agent behavior, including:Securing AI infrastructure: AI is only as safe as the hardware running it - and attackers know it. Cisco Hybrid Mesh Firewall delivers consistent security policies across a diverse set of enforcement points: network switches, workload agents, and more. Greater coverage means fewer gaps for attackers to exploit. Today, Cisco is extending the Cisco Hybrid Mesh Firewall solution to enable policy enforcement on NVIDIA BlueField data processing units (DPUs) embedded in NVIDIA GPU servers connected to Cisco Nexus One fabrics. Threats are blocked at the server level before they ever reach an organization's data.  The result: AI workloads that can be protected from the inside out, with zero performance trade-off.Securing AI agents: Cisco AI Defense delivers model security, automated vulnerability testing, and now purpose-built guardrails for AI agents at the edge through integration with NVIDIA NeMo Guardrails, a part of NVIDIA AI Enterprise software. This helps AI developers and security teams stay ahead of emerging threats and maintain trust in AI. AI deployments are becoming increasingly distributed, with agents at edge locations often interacting with those at the core to accomplish tasks and execute workflows. AI Defense, as a part of the Cisco Secure AI Factory with NVIDIA, now extends to securing those agent-to-agent interactions.Cisco Secures Enterprise AI Agent Development Building on Cisco's commitment to fuse security into all layers of AI infrastructure, as well as the agentic workforce, Cisco also announced today that Cisco AI Defense will support and secure NVIDIA's OpenShell runtimes – part of the NVIDIA Agent Toolkit - adding controls and guardrails to govern agent and claw actions. By continuously monitoring and validating every tool and action an agent performs, Cisco AI Defense ensures that enterprises can confidently deploy AI agents to manage critical workflows without compromising security. This integration bridges the gap between innovation and risk, allowing organizations to trust their autonomous systems to operate reliably and securely.Industry Reactions:
"As a leader in high-performance computing solutions, Cirrascale is thrilled by the introduction of new NVIDIA Spectrum-6 based Cisco's N9100 series switches, extending Cisco's NCP reference architecture-compliant portfolio with an impressive 102.4T capacity and a unified management plane through Nexus One. These innovations, combined with the flexibility of NX-OS and SONiC, enable us to scale our AI infrastructure seamlessly while maintaining operational simplicity. The availability of the 51.2T Spectrum-4 switch further enhances our ability to deliver cutting-edge AI solutions to our clients with unmatched performance and reliability."
– Alex Nataros, CTO, Cirrascale Cloud Services"Sharon AI looks forward to the Cisco's N9100 series switches, offering 102.4T capacity with Nexus One's cloud-managed Nexus Hyperfabric. With NCP RA compliance and the 51.2T Spectrum-4 based N9100 switch availability, we will be scaling our AI infrastructure with robust performance and efficiency. The G300 Silicon One-based N9300 switches provide the flexibility to meet evolving customer needs. Turnkey AI infrastructure deployment through Nexus One significantly simplifies operations and accelerates time-to-value for our initiatives."
– Andrew Leece, COO and founder, Sharon AI "World Wide Technology's clients trust Cisco for enterprise networking. Their robust AI networking portfolio extends that trust to AI workloads. Cisco's portfolio offers choice and flexibility to clients to build tailored AI infrastructure using Cisco Silicon One and NVIDIA Spectrum-X Ethernet switch silicon based switches with stellar performance up to 102.4Tbps running NX-OS or SONiC and unified by the Nexus One management plane. We're excited about these advancements to deliver the scalability and performance required for the agentic era."
– Jeff Fonke, Practice Director - Global Solutions & Architecture, World Wide Technology"As organizations move beyond the experimentation phase of AI, the primary challenge has shifted from 'what can AI do' to 'how do we operationalize it securely at scale.' The industry is at a critical inflection point where AI workloads — specifically real-time inferencing —must move closer to the data at the edge without creating new security or infrastructure silos. The partnership between Cisco and NVIDIA is designed to offer customers the flexibility and choice they need to scale while helping them overcome complex integration challenges."
 – Mary Johnston Turner, Global Lead, Digital and Datacenter Infrastructure and Services, IDCAdditional ResourcesFor more information on the Cisco Secure AI Factory with NVIDIA, click hereExecutive Blog Post: Cisco Secure AI Factory: Powering Agentic AI at ScaleBlog Post: Cisco Gives its Secure AI Factory with NVIDIA a Secure Multi-Agent Edge UpBlog Post: Securing Enterprise Agents with NVIDIA OpenShell and Cisco AI DefenseAbout Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry-leading AI-powered solutions and services, Cisco enables its customers, partners, and communities to unlock innovation, enhance productivity, and strengthen digital resilience. Discover more on The Newsroom and follow us on X at @Cisco.Disclaimer:  Many of the products and features described herein remain in varying stages of development and will be offered on a when-and-if-available basis. The delivery timeline of these products and features is subject to change at the sole discretion of Cisco, and Cisco will have no liability for delay in the delivery or failure to deliver any of the products or features set forth herein.



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Original: Cisco Secure AI Factory with NVIDIA Makes AI Easier to Deploy and Secure, Anywhere Organizations Need It

CSCO, buy the dip

Cisco to Participate in March 2026 Events with the Financial CommunityFebruary 27, 2026 8:00 AM
PR Newswire (US)

SAN JOSE, Calif., Feb. 27, 2026 /PRNewswire/ -- Cisco (NASDAQ: CSCO) will participate in the following events with the financial community in March.







No new financial information will be discussed at these events.Mobile World Congress, Barcelona
Tuesday, March 3 and Wednesday, March 4, 2026
Financial Analyst/Investor Meetings
Cisco Representatives:
Gordon Thomson, SVP, EMEA Sales
Kevin Wollenweber, SVP/GM, Data Center & Internet InfrastructureMorgan Stanley TMT Conference, San Francisco
Thursday, March 5, 2026
Investor Meetings & Fireside Chat at 10:00 AM PST
(Webcast & registration will be made available on investor.cisco.com)
Cisco Representatives:
Mark Patterson, EVP & CFO
Martin Lund, EVP, Common Hardware GroupBNP Paribas TMT Conference, London
Tuesday, March 10, 2026
Investor Meetings Only
Cisco Representatives:
Cisco Investor RelationsOFC 2026, Los Angeles
Tuesday, March 17, 2026
Investor Meetings Only
Cisco Representatives:
Bill Gartner, SVP / GM Optical Systems and OpticsAbout Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience.  With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Investor Relations Contact:Press Contact:   Sami BadriBritt StagnaroCisco  Ciscosambadri@cisco.com media_pr@external.cisco.com 



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Original: Cisco to Participate in March 2026 Events with the Financial Community

Sharon AI & Cisco Launch Australia’s First Cisco Secure AI Factory with NVIDIAFebruary 23, 2026 12:15 AM
Business Wire
News summary



Cisco and Sharon AI launch Australia’s first Cisco Secure AI Factory with NVIDIA, providing secure, high-performance AI infrastructure with all data processing remaining in the country.



Powered by 1024 NVIDIA Blackwell Ultra GPUs, Cisco’s UCS servers and Nexus Hyperfabric technology, it supports Australia’s National AI Plan and accelerates enterprise AI adoption and innovation across the Asia-Pacific region.



This initiative positions Australia to lead in sovereign and responsible AI, empowering enterprises to develop advanced AI solutions while maintaining the highest security standards.



Today, Cisco (NASDAQ: CSCO) and SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon AI”), a leading Australian neocloud announced the launch of Australia’s first Cisco Secure AI Factory in partnership with NVIDIA.


This initiative marks a significant leap forward in providing Australia with secure, scalable and high-performance sovereign AI capabilities with all data and AI processing kept within the country. By delivering robust national digital infrastructure and upholding data sovereignty, the Cisco Secure AI Factory powers an AI-enabled economy, supporting the development, adoption, and responsible use of AI in alignment with Australia’s new National AI Plan.


Sharon AI will offer a variety of solutions tailored to different customer needs and industries. Customers will also have access to a sandbox environment to experiment with proof-of-concepts. At the foundation of these offers is the Cisco Secure AI Factory with NVIDIA, powered by:



Cisco’s UCS servers, together with Cisco security and networking portfolio delivering accelerated AI capabilities, and Nexus Hyperfabric as part of the Nexus One unified management plane.



1024 NVIDIA Blackwell Ultra GPUs, delivering breakthrough performance and flexibility for complex AI and machine learning tasks.



VAST Data’s cutting-edge storage systems provide the fast, reliable, and scalable data access to support demanding AI workloads.



NEXTDC’s world-class Australian data centers provide resilient, sovereign hosting for all critical infrastructure.



“AI innovation is moving faster than ever, and Cisco is delivering the critical infrastructure Australia needs to move fast and adopt AI safely and securely. The Cisco Secure AI Factory enables enterprises and governments to harness their data for differentiation, unlocking innovation and competitive advantage, by strengthening sovereign capabilities and building a trustworthy AI ecosystem. This collaboration positions Australia at the forefront of secure, responsible AI,” said Stefan Leitl, Vice President & General Manager, Cisco Australia & New Zealand.


“We are excited to have partnered with Cisco and NVIDIA to accelerate enterprise AI and high-performance compute adoption throughout Asia-Pacific. This 1024 NVIDIA Blackwell Ultra deployment has been architected and deployed alongside Cisco to ensure together we can bring unprecedented value to customers. We look forward to further collaboration with the Cisco team to drive enterprise AI adoption and additional clusters in 2026 and beyond,” said James Manning, Co-Founder and CEO, Sharon AI.


“Secure, sovereign AI infrastructure is a critical resource for enterprises across the Asia-Pacific region. Sharon AI and Cisco are accelerating the next wave of innovation with NVIDIA Blackwell Ultra GPUs to provide Australia with its first Secure AI Factory with NVIDIA,” said Sudarsharn Ramachandran, Country Manager – Enterprise Australia & New Zealand, NVIDIA.


More information is available Cisco Secure AI Factory with NVIDIA.


About Cisco


Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.


About Sharon AI


SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon AI”), Australia’s leading Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Our cloud GPU platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com.


Forward-Looking Statements


This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the anticipated listing on the Nasdaq Capital Market and completion of the Offering. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:



Service and product offerings;



Receipt and use of proceeds;



Acceleration of the deployment of assets;



Acceleration of Sharon AI’s ability to engage with additional potential customers;



Expansion of Sharon AI’s data center footprint;



The firming of Sharon AI’s ability to formally lease additional capacity; and



The strengthening of Sharon AI’s partner network.



In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Registration Statement on Form S-1 declared effective by the SEC on February 17, 2026. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov.


The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260222106454/en/
Sharon AI Media Enquiries:

Rosalyn Christian/Zachary Nevas

IMS Investor Relations

+1 203.972.9200

sharonai@imsinvestorrelations.com


Original: Sharon AI & Cisco Launch Australia’s First Cisco Secure AI Factory with NVIDIA

U.S. CPI Cools, Wall Street Eyes Rebound After Tech-Led Sell-Off: Dow Jones, S&P 500 and Nasdaq FuturesFebruary 13, 2026 9:13 AM
IH Market News
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a slightly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session.The futures had been pointing to continued weakness on Wall Street but regained ground following the release of the Labor Department’s highly anticipated report on consumer price inflation (CPI) in the month of January.The report showed consumer prices rose by slightly less than expected on a monthly basis, while the annual rate of growth slowed by more than anticipated.The Labor Department said its consumer price index (CPI) rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another 0.3 percent.The annual rate of growth by consumer prices slowed to 2.4 percent in January from 2.7 percent in December, coming in below estimates of 2.5 percent.Meanwhile, the Labor Department said core consumer prices, which exclude food and energy prices, increased by 0.3 percent in January after rising by 0.2 percent in December, matching expectations.The annual rate of growth by core consumer prices dipped to 2.5 percent in January from 2.6 percent in December, which was also in line with estimates.The tamer-than-expected headline inflation data may lead to renewed optimism about the outlook for interest rates.“This print strengthens the case that the Federal Reserve can maintain a gradual easing bias without fearing renewed inflation pressure,” said Daniela Hathorn, Senior Market Analyst at Capital.com.She added, “Importantly, while the labor market remains resilient, today’s CPI reduces the risk that strong employment data forces the Fed into a hawkish rethink.”After ending Wednesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Thursday. The major averages once again failed to sustain an early upward move and pulled sharply as the day progressed.The major averages saw further downside going into the end of the day, closing near their lows of the session. The Nasdaq plunged 469.32 points or 2.0 percent to 22,597.15, the S&P 500 tumbled 108.71 points or 1.6 percent to 6,832.76 and the Dow slumped 669.42 points or 1.3 percent to 49,451.98.The sell-off on Wall Street was partly attributed to concerns about the impact of the artificial intelligence buildout on industries other than the tech sector.Concerns about the impact AI could have on revenues and profit margins of financial, transportation and logistics and even commercial real estate companies generated considerable selling pressure.Renewed weakness among tech stocks also weighed on Wall Street amid a steep drop by shares of Cisco Systems (NASDAQ:CSCO).Cisco plummeted by 12.3 percent after the networking giant reported better than expected fiscal second quarter results but provided disappointing guidance for the current quarter.Partly reflecting the nosedive by Cisco, the NYSE Arca Networking Index tumbled by 3.0 percent on the day.Gold stocks also saw substantial weakness amid a steep drop by the price of the precious metal, dragging the NYSE Arca Gold Bugs Index down by 6.9 percent.Significant weakness was also visible among transportation stocks due to the AI concerns, with the Dow Jones Transportation Index (DOWI:DJT) plunging by 4.0 percent.Financial, steel and energy stocks also saw considerable weakness, while interest rate-sensitive telecom and utilities stocks bucked the downward trend amid a steep drop by treasury yields.On the U.S. economic front, the Labor Department released a report showing first-time claims for U.S. unemployment benefits dipped by less than expected last week.The report said initial jobless claims slipped to 227,000, a decrease of 5,000 from the previous week’s revised level of 232,000.Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week.The National Association of Realtors also released a report showing existing home sales pulled back by much more than expected in the month of January.

Original: U.S. CPI Cools, Wall Street Eyes Rebound After Tech-Led Sell-Off: Dow Jones, S&P 500 and Nasdaq Futures

U.S. Stocks Move Sharply Lower Amid AI Disruption ConcernsFebruary 12, 2026 4:37 PM
IH Market News
After ending Wednesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Thursday. The major averages once again failed to sustain an early upward move and pulled sharply as the day progressed.The major averages saw further downside going into the end of the day, closing near their lows of the session. The Nasdaq plunged 469.32 points or 2.0 percent to 22,597.15, the S&P 500 (SPI:SP500) tumbled 108.71 points or 1.6 percent to 6,832.76 and the Dow slumped 669.42 points or 1.3 percent to 49,451.98.The sell-off on Wall Street was partly attributed to concerns about the impact of the artificial intelligence buildout on industries other than the tech sector.Concerns about the impact AI could have on revenues and profit margins of financial, transportation and logistics and even commercial real estate companies generated considerable selling pressure.Renewed weakness among tech stocks also weighed on Wall Street amid a steep drop by shares of Cisco Systems (NASDAQ:CSCO).Cisco plummeted by 12.3 percent after the networking giant reported better than expected fiscal second quarter results but provided disappointing guidance for the current quarter.Partly reflecting the nosedive by Cisco, the NYSE Arca Networking Index tumbled by 3.0 percent on the day.Gold stocks also saw substantial weakness amid a steep drop by the price of the precious metal, dragging the NYSE Arca Gold Bugs Index down by 6.9 percent.Significant weakness was also visible among transportation stocks due to the AI concerns, with the Dow Jones Transportation Index plunging by 4.0 percent.Financial, steel and energy stocks also saw considerable weakness, while interest rate-sensitive telecom and utilities stocks bucked the downward trend amid a steep drop by treasury yields.On the U.S. economic front, the Labor Department released a report showing first-time claims for U.S. unemployment benefits dipped by less than expected last week.The report said initial jobless claims slipped to 227,000, a decrease of 5,000 from the previous week’s revised level of 232,000.Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week.The National Association of Realtors also released a report showing existing home sales pulled back by much more than expected in the month of January.The focus now shifts to the Labor Department’s report on consumer price inflation that is due to be released before the start of trading on Friday.“Forecasts suggest the critical core CPI measure could ease to around 2.5%, marking a near five-year low,” said Daniela Hathorn, Senior Market Analyst at Capital.com. “If inflation comes in line with — or ideally below — expectations, the strength of the labor market may become secondary.”She added, “A softer inflation print would keep rate cuts firmly priced in and could restore upward momentum in risk assets.”



Other Markets



In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Thursday. South Korea’s Kospi spiked by 3.1 percent, while Hong Kong’s Hang Seng Index slid by 0.9 percent and Japan’s Nikkei 225 Index closed marginally lower.The major European markets also ended the day mixed. While the French CAC 40 Index rose by 0.3 percent, the German DAX Index closed just below the unchanged line and the U.K.’s FTSE 100 Index fell by 0.7 percent.In the bond market, treasuries moved sharply higher, more offsetting the pullback seen in the previous session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 6.8 basis points to a two-month closing low of 4.104 percent.



Looking Ahead



Trading on Friday is likely to be driven by reaction to the Labor Department’s report on consumer price inflation in the month of January, which could have a significant impact on the outlook for interest rates.SOURCE: RTTNEWS

Original: U.S. Stocks Move Sharply Lower Amid AI Disruption Concerns

Cisco Drops in Premarket as Higher Memory Costs Pressure MarginsFebruary 12, 2026 6:01 AM
IH Market News
Cisco Systems (NASDAQ:CSCO) shares fell in premarket U.S. trading Thursday after the networking heavyweight reported a quarterly gross margin that came in below Wall Street expectations.A member of the Dow Jones Industrial Average, Cisco supplies a broad portfolio of networking products and services—from routers and switches to wireless access points and controllers—used by enterprises to build and manage digital infrastructure. The company is also considered a key enabler for businesses deploying artificial intelligence systems, as demand for AI-ready data center infrastructure drives orders for its core hardware.However, a surge in global spending on AI-focused data centers has tightened the supply of memory chips, pushing up component costs. That dynamic has weighed on Cisco’s profitability, as many of its products rely on these processors.Adjusted gross margin for the fiscal second quarter came in at 67.5%, below analyst expectations of 68.14%, according to LSEG data cited by Reuters.“We did not think memory would have had this level of weakness, and believe maybe the mix of optics and AI switches could be having an impact,” analysts at Barclays said in a research note.During the post-earnings call, CEO Chuck Robbins said Cisco has already implemented price increases and is revising customer contracts to offset higher input costs. He added that demand remains solid, with AI-related orders now expected to exceed $5 billion in the current fiscal year.For the quarter, Cisco reported earnings of $1.04 per share on revenue of $15.35 billion, beating analyst estimates of $1.02 per share and $15.11 billion in revenue.Looking ahead, the company projected third-quarter earnings between $1.02 and $1.04 per share on revenue of $15.4 billion to $15.6 billion. For fiscal 2026, Cisco now expects full-year earnings per share of $4.13 to $4.17 and revenue in the range of $61.2 billion to $61.7 billion.Cisco stock price

Original: Cisco Drops in Premarket as Higher Memory Costs Pressure Margins

Futures Edge Higher After Jobs Shock; Cisco Drops on Margin Miss: Dow Jones, S&P, Nasdaq, Wall StreetFebruary 12, 2026 5:38 AM
IH Market News
U.S. equity futures pointed to a firmer open on Thursday as investors digested the fallout from a surprisingly strong January jobs report and shifted their attention toward fresh earnings releases and upcoming inflation data.By 03:01 ET, Dow futures were up 143 points, or 0.3%, S&P 500 futures had gained 0.3%, and Nasdaq 100 futures were also 0.3% higher.



Markets reassess Fed path after payrolls



Wall Street ended Wednesday’s session on a muted note. The Dow Jones Industrial Average slipped 0.1% but held above the 50,000 threshold it crossed earlier in the week. The S&P 500 closed flat, while the Nasdaq Composite lost 0.2%. Treasury yields climbed as traders recalibrated expectations for Federal Reserve rate cuts following the latest labor data.January nonfarm payrolls showed the U.S. economy added 130,000 jobs, comfortably above forecasts, while the unemployment rate dipped to 4.3%. However, much of the hiring was concentrated in healthcare, long a structural driver of employment growth due to demographic trends.Other areas of the economy showed signs of cooling, particularly professional and business services, potentially reflecting the growing influence of artificial intelligence on white-collar hiring. Federal government payrolls were also hit by efforts under the Trump administration to reduce the size of the public sector.ING analysts noted that “sizeable” downward revisions to prior months suggest that outside a handful of industries, “the economy has actually been consistently losing jobs.”“This suggests the risks remain tilted toward the Fed cutting rates more than the two reductions currently in our forecast,” they added.Despite those nuances, the headline strength of the report has pushed back expectations for the next rate cut. Markets are now pricing in the first move as late as July, compared with earlier bets on a June easing. The Fed had previously lowered borrowing costs several times in 2025 in response to softer labor conditions.



Cisco tumbles on margin shortfall



In corporate news, Cisco Systems (NASDAQ:CSCO) slid more than 7% in after-hours trading after reporting a quarterly gross margin that came in below expectations.A surge in demand for data center infrastructure supporting AI applications has tightened global memory chip supply and driven up component costs. Cisco, whose networking hardware relies heavily on these chips, has felt the pressure.Adjusted gross margin for the company’s second quarter came in at 67.5%, missing analysts’ forecasts of 68.14%, according to LSEG data.CEO Chuck Robbins said during the earnings call that Cisco has already implemented price increases and updated customer contracts. The company continues to see strong demand for its networking systems and optics, with AI-related orders expected to exceed $5 billion this fiscal year.Later in the session, results are due from Arista Networks and chip equipment maker Applied Materials.



Gold eases as rate-cut hopes fade



Gold and silver prices softened in European trading as the upbeat payrolls data dampened expectations of near-term monetary easing. CME FedWatch data indicate a 92.5% probability that the Fed will leave rates unchanged in March and a 79.1% chance of no move in April.A stronger U.S. dollar also weighed on precious metals overnight. Still, prices retained most of their weekly gains, underpinned by safe-haven demand amid ongoing tensions between the U.S. and Iran.



Oil holds steady amid Middle East tensions



Crude prices edged slightly higher as geopolitical concerns persisted. Brent futures were up 0.2% at $69.56 a barrel, while U.S. West Texas Intermediate gained 0.3% to $64.81.Both benchmarks had risen about 1% on Wednesday after reports that Washington was considering deploying a second aircraft carrier to the region. Although recent talks between Tehran and Washington suggested limited progress, no definitive agreement has been reached on Iran’s nuclear program, keeping energy markets alert to potential supply risks.Cisco stock priceRobinhood stock priceModerna stock price

Original: Futures Edge Higher After Jobs Shock; Cisco Drops on Margin Miss: Dow Jones, S&P, Nasdaq, Wall Street

CISCO REPORTS SECOND QUARTER EARNINGSFebruary 11, 2026 4:05 PM
PR Newswire (US)

SAN JOSE, Calif., Feb. 11, 2026 /PRNewswire/ -- 







News Summary:Double-digit top and bottom-line growth exceeding our guidance, with EPS growing faster than revenueRecord revenue of $15.3 billion, up 10% year over year; GAAP EPS of $0.80, up 31% year over year; and Non-GAAP EPS of $1.04, up 11% year over yearGAAP gross margin of 65.0% and Non-GAAP gross margin of 67.5%; GAAP operating margin of 24.6% and Non-GAAP operating margin of 34.6%, both above the high end of our guidance rangeAccelerating, double-digit growth in product orders across all geographies and robust growth across all customer marketsProduct orders up 18% year over year with networking product orders accelerating to more than 20% year over yearAI Infrastructure orders taken from hyperscalers totaled $2.1 billion, reflecting a significant acceleration in growthMajor multi-year, multi-billion-dollar campus networking refresh cycle underwayDividend increased by 2% to $0.42 per shareQ2 FY 2026 Results:Revenue: $15.3 billionIncrease of 10% year over yearEarnings per Share: GAAP: $0.80; Non-GAAP: $1.04GAAP EPS increased 31% year over yearNon-GAAP EPS increased 11% year over yearQ3 FY 2026 Guidance (1):   Revenue: $15.4 billion to $15.6 billionEarnings per Share: GAAP: $0.73 to $0.77; Non-GAAP: $1.02 to $1.04FY 2026 Guidance (1):Revenue: $61.2 billion to $61.7 billionEarnings per Share: GAAP: $3.00 to $3.08; Non-GAAP: $4.13 to $4.17(1)EPS guidance includes the estimated impact of tariffs based on current trade policy.Cisco (NASDAQ: CSCO) today reported second quarter results for the period ended January 24, 2026. Cisco reported second quarter revenue of $15.3 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.2 billion or $0.80 per share, and non-GAAP net income of $4.1 billion or $1.04 per share."Cisco's strong second quarter and first half of fiscal 2026 demonstrate both the power of our portfolio and the fundamental role we continue to play in connecting and protecting customers in a rapidly evolving landscape," said Chuck Robbins, chair and CEO of Cisco. "With over 40 years of customer trust, global scale, and a relentless focus on innovation, we believe Cisco is uniquely positioned to deliver the trusted infrastructure needed to securely and confidently power the AI-era.""In Q2, we delivered double-digit growth on both the top and bottom lines which exceeded the high end of our guidance and puts us on track to deliver our strongest revenue year yet in fiscal 2026," said Mark Patterson, CFO of Cisco. "Operating margin was also above the high end of guidance, as we continue to drive profitability by exercising financial discipline. We see strong, broad-based demand for our technology solutions and remain focused on capturing the significant opportunities we see ahead." GAAP Results


Q2 FY 2026
Q2 FY 2025
vs. Q2 FY 2025Revenue
$              15.3 billion
$              14.0 billion
10 %Net Income
$                3.2 billion
$                2.4 billion
31 %Diluted Earnings per Share (EPS)
$             0.80
$              0.61
31 %
Non-GAAP Results


Q2 FY 2026
Q2 FY 2025
vs. Q2 FY 2025Net Income
$              4.1   billion
$              3.8   billion
10 %EPS
$            1.04
$            0.94
11 %Reconciliations between net income, EPS, and other measures on a GAAP and non-GAAP basis are provided in the tables located in the section entitled "Reconciliations of GAAP to non-GAAP Measures."Cisco Increases Quarterly DividendCisco has declared a quarterly dividend of $0.42 per common share, a 1-cent increase or up 2% over the previous quarter's dividend, to be paid on April 22, 2026, to all stockholders of record as of the close of business on April 2, 2026. Future dividends will be subject to Board approval.Financial SummaryAll comparative percentages are on a year-over-year basis unless otherwise noted.Q2 FY 2026 Highlights Revenue -- Total revenue was $15.3 billion, up 10%, with product revenue up 14% and services revenue down 1%.Revenue by geographic segment was: Americas up 8%, EMEA up 15%, and APJC up 8%. Product revenue performance reflected growth in Networking, up 21%, and Collaboration, up 6%. Security was down 4%. Observability was flat.Gross Margin -- On a GAAP basis, total gross margin, product gross margin, and services gross margin were 65.0%, 63.9%, and 68.4%, respectively, as compared with 65.1%, 63.7%, and 68.9%, respectively, in the second quarter of fiscal 2025.On a non-GAAP basis, total gross margin, product gross margin, and services gross margin were 67.5%, 66.4%, and 70.9%, respectively, as compared with 68.7%, 67.7%, and 71.6%, respectively, in the second quarter of fiscal 2025.Total gross margins by geographic segment were: 65.8% for the Americas, 71.7% for EMEA and 65.8% for APJC.Operating Expenses -- On a GAAP basis, operating expenses were $6.2 billion, up 3% year over year, and were 40.3% of revenue. Non-GAAP operating expenses were $5.0 billion, up 6%, and were 32.9% of revenue.Operating Income -- GAAP operating income was $3.8 billion, up 21%, with GAAP operating margin of 24.6%. Non-GAAP operating income was $5.3 billion, up 9%, with non-GAAP operating margin at 34.6%.Provision for Income Taxes -- The GAAP tax provision rate was 12.9%. The non-GAAP tax provision rate was 19.0%.Net Income and EPS -- On a GAAP basis, net income was $3.2 billion, an increase of 31%, and EPS was $0.80, an increase of 31%. On a non-GAAP basis, net income was $4.1 billion, an increase of 10%, and EPS was $1.04, an increase of 11%.Cash Flow from Operating Activities -- $1.8 billion for the second quarter of fiscal 2026, a decrease of 19%, compared with $2.2 billion for the second quarter of fiscal 2025.Balance Sheet and Other Financial HighlightsCash and Cash Equivalents and Investments -- $15.8 billion at the end of the second quarter of fiscal 2026, compared with $16.1 billion at the end of fiscal 2025.Remaining Performance Obligations (RPO)-- $43.4 billion, up 5% in total. Product RPO was up 8%, of which long-term RPO was $11.8 billion, up 11%. Services RPO was up 2%.Deferred Revenue -- $28.4 billion, up 2% in total, with deferred product revenue up 3% and deferred services revenue up 2%.Capital Allocation -- In the second quarter of fiscal 2026, we returned $3.0 billion to stockholders through share buybacks and dividends. We declared and paid a cash dividend of $0.41 per common share, or $1.6 billion, and repurchased approximately 18 million shares of common stock under our stock repurchase program at an average price of $76.29 per share for an aggregate purchase price of $1.4 billion. The remaining authorized amount for stock repurchases under the program is $10.8 billion with no termination date.AcquisitionsIn the second quarter of fiscal 2026, we closed the following acquisitions:NeuralFabric Corp., a privately held enterprise AI platform companyEzDubs, Inc., a privately held AI software companyGuidanceCisco estimates the following results for the third quarter of fiscal 2026:Q3 FY 2026

Revenue
$15.4 billion - $15.6 billionNon-GAAP gross margin
65.5% - 66.5%Non-GAAP operating margin
33.5% - 34.5%Non-GAAP EPS
$1.02 - $1.04Cisco estimates that GAAP EPS will be $0.73 to $0.77 for the third quarter of fiscal 2026.Cisco estimates the following results for fiscal 2026:FY 2026

Revenue
$61.2 billion - $61.7 billionNon-GAAP EPS
$4.13 - $4.17Cisco estimates that GAAP EPS will be $3.00 to $3.08 for fiscal 2026.Margin and EPS guidance includes the estimated impact of tariffs based on current trade policy.Our Q3 FY 2026 guidance assumes an effective tax provision rate of approximately 17% for GAAP and approximately 19% for non-GAAP results. Our FY 2026 guidance assumes an effective tax provision rate of approximately 16% for GAAP and approximately 19% for non-GAAP results.A reconciliation between the guidance on a GAAP and non-GAAP basis is provided in the tables entitled "GAAP to non-GAAP Guidance" located in the section entitled "Reconciliations of GAAP to non-GAAP Measures."Editor's Notes: Q2 fiscal year 2026 conference call to discuss Cisco's results along with its guidance will be held on Wednesday, February 11, 2026 at 1:30 p.m. Pacific Time. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international).Conference call replay will be available from 4:00 p.m. Pacific Time, February 11, 2026 to 10:00 p.m. Pacific Time, February 17, 2026 at 1-800-839-2232 (United States) or 1-203-369-3662 (international). The replay will also be available via webcast on the Cisco Investor Relations website at https://investor.cisco.com. Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, February 11, 2026. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. The webcast will include both the prepared remarks and the question-and-answer session. This information, along with the GAAP to non-GAAP reconciliation information, will be available on the Cisco Investor Relations website at https://investor.cisco.com. CISCO SYSTEMS, INCCONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per-share amounts)(Unaudited)

Three Months Ended
Six Months Ended
January 24,
2026
January 25,
2025
January 24,
2026
January 25,
2025REVENUE:






Product$      11,642
$      10,234
$      22,719
$      20,348Services3,707
3,757
7,513
7,484Total revenue15,349
13,991
30,232
27,832COST OF SALES:






Product4,205
3,713
8,139
7,239Services1,172
1,167
2,376
2,361Total cost of sales5,377
4,880
10,515
9,600GROSS MARGIN9,972
9,111
19,717
18,232OPERATING EXPENSES:






Research and development2,355
2,299
4,755
4,585Sales and marketing2,881
2,672
5,752
5,424General and administrative688
752
1,421
1,547Amortization of purchased intangible assets231
265
462
530Restructuring and other charges36
10
183
675Total operating expenses6,191
5,998
12,573
12,761OPERATING INCOME3,781
3,113
7,144
5,471Interest income210
238
432
524Interest expense(370)
(404)
(720)
(822)Other income (loss), net25
(60)
181
(19)Interest and other income (loss), net(135)
(226)
(107)
(317)INCOME BEFORE PROVISION FOR INCOME TAXES3,646
2,887
7,037
5,154Provision for income taxes471
459
1,002
15NET INCOME$         3,175
$         2,428
$         6,035
$         5,139







Net income per share:






Basic$           0.80
$           0.61
$           1.53
$           1.29Diluted$           0.80
$           0.61
$           1.51
$           1.28Shares used in per-share calculation:






Basic3,955
3,981
3,955
3,986Diluted3,984
4,005
3,987
4,008 CISCO SYSTEMS, INCREVENUE BY SEGMENT(In millions, except percentages)


January 24, 2026

Three Months Ended
Six Months Ended

Amount
Y/Y %
Amount
Y/Y %Revenue:







Americas
$         8,845
8 %
$      17,834
8 %EMEA
4,425
15 %
8,208
10 %APJC
2,080
8 %
4,191
7 %Total
$      15,349
10 %
$      30,232
9 %
Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INCGROSS MARGIN PERCENTAGE BY SEGMENT(In percentages)


January 24, 2026

Three Months Ended
Six Months EndedGross Margin Percentage:



Americas
65.8 %
66.3 %EMEA
71.7 %
71.8 %APJC
65.8 %
66.4 % CISCO SYSTEMS, INCREVENUE FOR GROUPS OF SIMILAR PRODUCTS AND SERVICES(In millions, except percentages)


January 24, 2026

Three Months Ended
Six Months Ended

Amount
Y/Y %
Amount
Y/Y %Revenue:







Networking
$       8,294
21 %
$      16,061
18 %Security
2,018
(4) %
3,998
(3) %Collaboration
1,054
6 %
2,109
1 %Observability
277
— %
550
3 %Total Product
11,642
14 %
22,719
12 %Services
3,707
(1) %
7,513
— %Total
$     15,349
10 %
$      30,232
9 %
Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(In millions) (Unaudited)

January 24, 2026
July 26, 2025ASSETS


Current assets:


Cash and cash equivalents$                7,458
$                8,346Investments8,319
7,764Accounts receivable, net of allowance of $76 at January 24, 2026 and $69 at July 26, 20256,606
6,701Inventories3,920
3,164Financing receivables, net2,944
3,061Other current assets5,884
5,950Total current assets35,131
34,986Property and equipment, net2,351
2,113Financing receivables, net3,698
3,466Goodwill59,234
59,136Purchased intangible assets, net8,307
9,175Deferred tax assets7,399
7,356Other assets7,251
6,059TOTAL ASSETS$            123,371
$            122,291LIABILITIES AND EQUITY


Current liabilities:


Short-term debt$                8,719
$                5,232Accounts payable2,762
2,528Income taxes payable195
1,857Accrued compensation3,494
3,611Deferred revenue16,199
16,416Other current liabilities5,417
5,420Total current liabilities36,786
35,064Long-term debt21,367
22,861Income taxes payable2,124
2,165Deferred revenue12,204
12,363Other long-term liabilities3,167
2,995Total liabilities75,648
75,448Total equity47,723
46,843TOTAL LIABILITIES AND EQUITY$            123,371
$            122,291 CISCO SYSTEMS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions) (Unaudited)

Three Months Ended
Six Months Ended
January 24,
2026
January 25,
2025
January 24,
2026
January 25,
2025Cash flows from operating activities:






Net income$          3,175
$          2,428
$          6,035
$          5,139Adjustments to reconcile net income to net cash provided by operating activities:






Depreciation, amortization, and other659
761
1,265
1,550Share-based compensation expense934
921
1,989
1,748Provision for receivables12
8
9
7Deferred income taxes(89)
(101)
(64)
(382)(Gains) losses on divestitures, investments and other, net(59)
55
(237)
(5)Change in operating assets and liabilities, net of effects of acquisitions and divestitures:






Accounts receivable(1,803)
(1,258)
54
969Inventories(527)
212
(761)
441Financing receivables192
157
(120)
330Other assets(50)
(237)
(642)
(427)Accounts payable344
(90)
236
(359)Income taxes, net(2,375)
(1,479)
(2,503)
(2,285)Accrued compensation419
461
(120)
(293)Deferred revenue433
416
(290)
(555)Other liabilities557
(13)
183
24Net cash provided by operating activities1,822
2,241
5,034
5,902Cash flows from investing activities:






Purchases of investments(2,244)
(486)
(4,228)
(2,261)Proceeds from sales of investments176
301
1,445
1,791Proceeds from maturities of investments1,081
1,539
2,303
2,703Acquisitions, net of cash and cash equivalents acquired and divestitures(39)
(40)
(46)
(257)Purchases of investments in privately held companies(47)
(95)
(65)
(137)Return of investments in privately held companies36
17
55
94Acquisition of property and equipment(283)
(210)
(606)
(427)Other14
(4)
(8)
(5)Net cash provided by (used in) investing activities(1,306)
1,022
(1,150)
1,501Cash flows from financing activities:






Issuances of common stock354
320
354
320Repurchases of common stock - repurchase program(1,363)
(1,240)
(3,355)
(3,243)Shares repurchased for tax withholdings on vesting of restricted stock units(784)
(490)
(1,068)
(655)Short-term borrowings, original maturities of 90 days or less, net(510)
944
750
1,012Issuances of debt2,682
4,674
4,241
10,406Repayments of debt(204)
(6,561)
(2,992)
(11,382)Dividends paid(1,617)
(1,593)
(3,234)
(3,185)Other3
1
2
(2)Net cash used in financing activities(1,439)
(3,945)
(5,302)
(6,729)Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted
cash and restricted cash equivalents(19)
(18)
(33)
(8)Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash
equivalents(942)
(700)
(1,451)
666Cash, cash equivalents, restricted cash and restricted cash equivalents,
beginning of period8,401
10,208
8,910
8,842Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period$          7,459
$          9,508
$          7,459
$          9,508Supplemental cash flow information:






Cash paid for interest$               85
$             224
$             701
$             769Cash paid for income taxes, net$          2,935
$          2,039
$          3,569
$          2,682 CISCO SYSTEMS, INC.REMAINING PERFORMANCE OBLIGATIONS(In millions, except percentages)

January 24, 2026
October 25, 2025
January 25, 2025
Amount
Y/Y%
Amount
Y/Y%
Amount
Y/Y%Product (1)$    21,977
8 %
$    21,904
10 %
$    20,321
25 %Services21,429
2 %
20,969
4 %
20,947
8 %Total$    43,406
5 %
$    42,873
7 %
$    41,268
16 %

(1)As of the end of the second quarter of fiscal 2026, long-term product RPO was $11.8 billion, up 11% year over year. CISCO SYSTEMS, INC.DEFERRED REVENUE(In millions)

January 24, 2026
October 25, 2025
January 25, 2025Deferred revenue:




Product$      13,371
$      13,252
$      13,033Services15,032
14,717
14,762Total$      28,403
$      27,969
$      27,795Reported as:




Current$      16,199
$      15,801
$      15,999Noncurrent12,204
12,168
11,796Total$      28,403
$      27,969
$      27,795 CISCO SYSTEMS, INC.DIVIDENDS PAID AND REPURCHASES OF COMMON STOCK (In millions, except per-share amounts)


DIVIDENDS
STOCK REPURCHASE PROGRAM
TOTALQuarter Ended
Per Share
Amount
Shares
Weighted-
Average Price
per Share
Amount
AmountFiscal 2026











January 24, 2026
$            0.41
$          1,617
18
$          76.29
$          1,351
$          2,968October 25, 2025
$            0.41
$          1,617
29
$          68.28
$          2,001
$          3,618












Fiscal 2025











July 26, 2025
$            0.41
$          1,625
19
$          64.65
$          1,252
$          2,877April 26, 2025
$            0.41
$          1,627
25
$          59.78
$          1,504
$          3,131January 25, 2025
$            0.40
$          1,593
21
$          58.58
$          1,236
$          2,829October 26, 2024
$            0.40
$          1,592
40
$          49.56
$          2,003
$          3,595 CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GAAP TO NON-GAAP NET INCOME(In millions)

Three Months Ended
Six Months Ended
January 24,
2026
January 25,
2025
January 24,
2026
January 25,
2025GAAP net income$           3,175
$          2,428
$          6,035
$          5,139Adjustments to cost of sales:






Share-based compensation expense151
151
301
282Amortization of acquisition-related intangible assets228
335
461
654Acquisition/divestiture-related costs6
17
14
36Total adjustments to GAAP cost of sales385
503
776
972Adjustments to operating expenses:






Share-based compensation expense782
765
1,666
1,444Amortization of acquisition-related intangible assets231
265
462
530Acquisition/divestiture-related costs96
205
199
490Significant asset impairments and restructurings36
10
183
675Total adjustments to GAAP operating expenses1,145
1,245
2,510
3,139Adjustments to interest and other income (loss), net:






(Gains) and losses on investments(61)
7
(256)
(91)Total adjustments to GAAP interest and other income (loss), net(61)
7
(256)
(91)Total adjustments to GAAP income before provision for income taxes1,469
1,755
3,030
4,020Income tax effect of non-GAAP adjustments(442)
(423)
(779)
(899)Significant tax matters(59)
—
(132)
(829)Total adjustments to GAAP provision for income taxes(501)
(423)
(911)
(1,728)Non-GAAP net income$           4,143
$          3,760
$          8,154
$          7,431 CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GAAP TO NON-GAAP EPS

Three Months Ended
Six Months Ended
January 24,
2026
January 25,
2025
January 24,
2026
January 25,
2025GAAP EPS$             0.80
$             0.61
$             1.51
$             1.28Adjustments to GAAP:






Share-based compensation expense0.23
0.23
0.49
0.43Amortization of acquisition-related intangible assets0.12
0.15
0.23
0.30Acquisition/divestiture-related costs0.03
0.06
0.05
0.13Significant asset impairments and restructurings0.01
—
0.05
0.17(Gains) and losses on investments(0.02)
—
(0.06)
(0.02)Income tax effect of non-GAAP adjustments(0.11)
(0.11)
(0.20)
(0.22)Significant tax matters(0.01)
—
(0.03)
(0.21)Non-GAAP EPS$             1.04
$             0.94
$             2.05
$             1.85
Amounts may not sum due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME(In millions, except percentages)

Three Months Ended
January 24, 2026
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
Y/Y
Operating
Income
Y/Y
Interest
and
other
income
(loss),
net
Net
Income
Y/YGAAP amount$ 7,437
$ 2,535
$ 9,972
$ 6,191
3 %
$ 3,781
21 %
$ (135)
$ 3,175
31 %% of revenue63.9 %
68.4 %
65.0 %
40.3 %


24.6 %


(0.9) %
20.7 %

Adjustments to GAAP amounts:















Share-based compensation expense63
88
151
782


933


—
933

Amortization of acquisition-related intangible assets228
—
228
231


459


—
459

Acquisition/divestiture-related costs2
4
6
96


102


—
102

Significant asset impairments and restructurings—
—
—
36


36


—
36

(Gains) and losses on investments—
—
—
—


—


(61)
(61)

Income tax effect/significant tax matters—
—
—
—


—


—
(501)

Non-GAAP amount$ 7,730
$ 2,627
$ 10,357
$ 5,046
6 %
$ 5,311
9 %
$ (196)
$ 4,143
10 %% of revenue66.4 %
70.9 %
67.5 %
32.9 %


34.6 %


(1.3) %
27.0 %

              
Three Months Ended
January 25, 2025
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
OperatingIncome
Interest
and other
income
(loss), net
NetIncomeGAAP amount$   6,521
$   2,590
$   9,111
$   5,998
$   3,113
$    (226)
$   2,428% of revenue63.7 %
68.9 %
65.1 %
42.9 %
22.3 %
(1.6) %
17.4 %Adjustments to GAAP amounts:












Share-based compensation expense65
86
151
765
916
—
916Amortization of acquisition-related intangible assets335
—
335
265
600
—
600Acquisition/divestiture-related costs3
14
17
205
222
—
222Significant asset impairments and restructurings—
—
—
10
10
—
10(Gains) and losses on investments—
—
—
—
—
7
7Income tax effect/significant tax matters—
—
—
—
—
—
(423)Non-GAAP amount$   6,924
$   2,690
$   9,614
$   4,753
$   4,861
$    (219)
$   3,760% of revenue67.7 %
71.6 %
68.7 %
34.0 %
34.7 %
(1.6) %
26.9 %
Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
GROSS MARGINS, OPERATING EXPENSES, OPERATING MARGINS, INTEREST AND OTHER INCOME (LOSS), NET, AND NET INCOME(In millions, except percentages)

Six Months Ended
January 24, 2026
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
Y/Y
Operating
Income
Y/Y
Interest
and
other
income
(loss),
net
Net
Income
Y/YGAAP amount$ 14,580
$ 5,137
$ 19,717
$ 12,573
(1) %
$ 7,144
31 %
$ (107)
$ 6,035
17 %% of revenue64.2 %
68.4 %
65.2 %
41.6 %


23.6 %


(0.4) %
20.0 %

Adjustments to GAAP amounts:















Share-based compensation expense131
170
301
1,666


1,967


—
1,967

Amortization of acquisition-related intangible assets461
—
461
462


923


—
923

Acquisition/divestiture-related costs4
10
14
199


213


—
213

Significant asset impairments and restructurings—
—
—
183


183


—
183

(Gains) and losses on investments—
—
—
—


—


(256)
(256)

Income tax effect/significant tax matters—
—
—
—


—


—
(911)

Non-GAAP amount$ 15,176
$ 5,317
$ 20,493
$ 10,063
5 %
$ 10,430
9 %
$ (363)
$ 8,154
10 %% of revenue66.8 %
70.8 %
67.8 %
33.3 %


34.5 %


(1.2) %
27.0 %

              
Six Months Ended
January 25, 2025
Product
Gross
Margin
Services
Gross
Margin
Total
Gross
Margin
Operating
Expenses
OperatingIncome
Interest
and other
income
(loss), net
NetIncomeGAAP amount$ 13,109
$   5,123
$ 18,232
$ 12,761
$   5,471
$    (317)
$   5,139% of revenue64.4 %
68.5 %
65.5 %
45.9 %
19.7 %
(1.1) %
18.5 %Adjustments to GAAP amounts:












Share-based compensation expense122
160
282
1,444
1,726
—
1,726Amortization of acquisition-related intangible assets654
—
654
530
1,184
—
1,184Acquisition/divestiture-related costs8
28
36
490
526
—
526Significant asset impairments and restructurings—
—
—
675
675
—
675(Gains) and losses on investments—
—
—
—
—
(91)
(91)Income tax effect/significant tax matters—
—
—
—
—
—
(1,728)Non-GAAP amount$ 13,893
$   5,311
$ 19,204
$   9,622
$   9,582
$    (408)
$   7,431% of revenue68.3 %
71.0 %
69.0 %
34.6 %
34.4 %
(1.5) %
26.7 %
Amounts may not sum and percentages may not recalculate due to rounding. CISCO SYSTEMS, INC.RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES
EFFECTIVE TAX RATE(In percentages)

Three Months Ended
Six Months Ended
January 24,
2026
January 25,
2025
January 24,
2026
January 25,
2025GAAP effective tax rate12.9 %
15.9 %
14.2 %
0.3 %Total adjustments to GAAP provision for income taxes6.1 %
3.1 %
4.8 %
18.7 %Non-GAAP effective tax rate19.0 %
19.0 %
19.0 %
19.0 % GAAP TO NON-GAAP GUIDANCE
Q3 FY 2026
Gross Margin
Rate
Operating Margin
Rate
Earnings per
Share (1)GAAP
63% - 64%
24% - 25%
$0.73 - $0.77Estimated adjustments for:





Share-based compensation expense
1.0 %
6.0 %
$0.17 - $0.18Amortization of acquisition-related intangible assets and acquisition/divestiture-related costs
1.5 %
3.5 %
$0.10 - $0.11Non-GAAP
65.5% - 66.5%
33.5% - 34.5%
$1.02 - $1.04
FY 2026




Earnings per
Share (1)GAAP




$3.00 - $3.08Estimated adjustments for:





Share-based compensation expense




$0.70 - $0.72Amortization of acquisition-related intangible assets and acquisition/divestiture-related costs




$0.43 - $0.45Significant asset impairments and restructurings




$0.04(Gains) and losses on investments




($0.05)Significant tax matters




($0.03)Non-GAAP




$4.13 - $4.17

(1)Estimated adjustments to GAAP earnings per share are shown after income tax effects.Margin and EPS guidance includes the estimated impact of tariffs based on current trade policy.Except as noted above, this guidance does not include the effects of any future acquisitions/divestitures, significant asset impairments and restructurings, significant litigation settlements and other contingencies, gains and losses on investments, significant tax matters, or other items, which may or may not be significant.Forward Looking Statements, Non-GAAP Information and Additional InformationThis release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events (such as our belief in our unique position to deliver the trusted infrastructure needed to securely and confidently power the AI-era, continuing to drive profitability by exercising financial discipline, and the strong, broad-based demand for our technology solutions as we remain focused on capturing the significant opportunities ahead) and the future financial performance of Cisco (including the guidance for Q3 FY 2026 and full year FY 2026) that involve risks and uncertainties, such as the actual impact of tariffs on our guidance for Q3 FY 2026 and full year FY 2026. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; our development and use of artificial intelligence; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market, cloud, enterprise and other customer markets; the return on our investments in certain key priority areas, and in certain geographical locations, as well as maintaining leadership in Networking and services; the timing of orders and manufacturing and customer lead times; supply constraints; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; our ability to achieve expected benefits of our partnerships; increased competition in our product and services markets, including the data center market; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, other intellectual property, antitrust, stockholder and other matters, and governmental investigations; our ability to achieve the benefits of restructurings and possible changes in the size and timing of related charges; cyber attacks, data breaches or other incidents; vulnerabilities and critical security defects; our ability to protect personal data; evolving regulatory uncertainty; terrorism; natural catastrophic events (including as a result of global climate change); any pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during economic downturns; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent reports on Forms 10-Q and 10-K filed on November 18, 2025 and September 3, 2025, respectively. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Cisco's results of operations for the three and six months ended January 24, 2026 are not necessarily indicative of Cisco's operating results for any future periods. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. Such information speaks only as of the date of this release.This release includes non-GAAP net income, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income and margin, non-GAAP effective tax rates, non-GAAP interest and other income (loss), net, and non-GAAP net income per share data for the periods presented. It also includes future estimated ranges for gross margin, operating margin, tax provision rate and EPS on a non-GAAP basis.These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles (GAAP) and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures.Cisco believes that the presentation of non-GAAP measures when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations.For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, acquisition/divestiture-related costs, significant asset impairments and restructurings, significant litigation settlements and other contingencies, gains and losses on investments, the income tax effects of the foregoing and significant tax matters. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. From time to time in the future there may be other items that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results. For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.About CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Copyright © 2026 Cisco and/or its affiliates. All rights reserved. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. Third-party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds



View original content to download multimedia:https://www.prnewswire.com/news-releases/cisco-reports-second-quarter-earnings-302685643.htmlSOURCE Cisco Systems, Inc.

Original: CISCO REPORTS SECOND QUARTER EARNINGS

Cisco rolls out new chip to challenge rivals in booming AI infrastructure spaceFebruary 10, 2026 6:02 AM
IH Market News
Cisco Systems (NASDAQ:CSCO) on Tuesday introduced a new chip and router designed to accelerate data movement inside large-scale data centres, marking a push to take on competitors such as Broadcom and Nvidia as spending on AI infrastructure surges toward an estimated $600 billion.The newly launched Silicon One G300 switch chip is slated for commercial availability in the second half of the year. It is built to improve communication between the chips used to train and deploy artificial intelligence systems, supporting networks that can span hundreds of thousands of connections.Cisco said the chip will be produced using Taiwan Semiconductor Manufacturing Co’s advanced 3-nanometer manufacturing process. One of its standout features is a new “shock absorber” function, designed to prevent AI chip networks from slowing when confronted with sudden spikes in data traffic.Martin Lund, executive vice president of Cisco’s common hardware group, said the company expects the technology to allow certain AI computing workloads to complete 28% faster. He attributed the gains in part to the chip’s ability to automatically divert data around network issues within microseconds.“This happens when you have tens of thousands, hundreds of thousands of connections – it happens quite regularly,” Lund said. “We focus on the total end-to-end efficiency of the network.”Cisco stock price

Original: Cisco rolls out new chip to challenge rivals in booming AI infrastructure space

Cisco Redefines Security for the Agentic Era with AI Defense Expansion and AI-Aware SASEFebruary 10, 2026 3:30 AM
PR Newswire (Canada)

News Summary:







Cisco is announcing a suite of capabilities to help enterprises securely adopt AI technology while maintaining agent integrity and control of agentic interactions.Biggest-ever updates to Cisco's AI Defense solution bring AI supply chain governance and runtime protections to agentic tool use, reducing the risk of compromise or manipulation.Industry-first, AI-aware security advancements to Cisco's Secure Access Service Edge (SASE) pair with AI traffic detection and optimization to keep agentic workflows safe, fast, and reliable.Cisco's latest secure routing and smart switching solutions add full-stack, post-quantum cryptography and operational improvements designed to support resilient, encrypted communications for AI-driven workflows.AMSTERDAM, Feb.10, 2026 /CNW/ -- CISCO LIVE EMEA -- Cisco (NASDAQ: CSCO) today announced a sweeping evolution of its security portfolio to help enterprises adopt agentic AI with confidence, combining agent protection, interaction governance, and resilient connectivity for AI-driven workflows.As organizations move from AI assistants to autonomous agents that use tools and data across hybrid environments, security teams need to strengthen agentic defenses, govern agent interactions with enterprise systems and external services, and maintain reliable, cryptographically protected connectivity at scale."In the age of AI, safety and security are pre-requisites for adoption, and AI agents bring a whole new set of challenges," said Jeetu Patel, Cisco's President and Chief Product Officer. "As agents take on critical enterprise roles, we're developing protections that work both ways: preventing agents from being compromised and controlling what they can access and do on our behalf."Protect agents from compromise, manipulation, and poisoned toolingAgentic AI innovations have expanded the attack surface across AI supply chains and the tool ecosystem. Enterprises need protections that reduce the risk of agents being manipulated, or hijacked, including during tool interactions.In the biggest expansion since its January 2025 launch, Cisco AI Defense delivers new features to better secure agents and the AI supply chain. These features include:AI BOM (Bill of Materials): Provides centralized visibility and governance for AI software assets, including model context protocol (MCP) servers and third-party dependencies, to secure the AI supply chainMCP Catalog: Discovers, inventories, and helps manage risk across MCP servers and registries spanning public and private platforms, strengthening AI governanceAdvanced algorithmic red teaming: Expands the scope of AI security assessments with adaptive single and multi-turn testing for models and agents in multiple languagesReal-time agentic guardrails to keep agents and applications safe: Continuously monitor and inspect agentic interactions to detect manipulation or unsafe behavior—such as poisoned tools or prompts designed to trigger unauthorized tool use—helping teams enforce policy and reduce compromise riskTogether, these updates help teams inventory and govern AI assets, understand provenance, and surface vulnerabilities earlier in the AI development lifecycle.Since launch, AI Defense has mapped to leading AI frameworks from organizations like NIST, OWASP, and MITRE. The latest updates add mapping to Cisco's new Integrated AI Security and Safety Framework to help teams better understand adversary objectives and measure risk exposure.In addition, AI Defense's runtime protections now feature a developer-ready integration with NVIDIA NeMo Guardrails' open source framework, offering organizations a modular, interoperable architecture to protect AI systems in real time in production. AI Defense is a key component of the Cisco Secure AI Factory with NVIDIA, a validated reference architecture to securely power AI workloads in customer environments."AI security teams are now being asked three questions at once: what AI assets do we have, where did they come from, and how will they behave in production as agents interact with tools and third-party services," said Chirag Mehta, Vice President and Principal Analyst at Constellation Research. "With AI BOM and MCP governance plus multi-turn red teaming and real-time guardrails, Cisco AI Defense is targeting the full risk path from the AI supply chain to agentic runtime."Govern agent interactions and ensure AI workflowsAI agents rely on continuous interaction with LLMs, SaaS applications, data stores, and tool endpoints that are often remote. When responses are slow or unreliable, people and machines must wait—delaying decisions, disrupting operations, or halting processes altogether.From a security perspective, these AI workflows involve semantically complex messages that evade analysis by conventional defensive tools unable to interpret the "why" and "how" of agentic actions.To meet these needs, Cisco SASE is unveiling new capabilities designed to both govern agent interactions and keep AI traffic reliable:AI traffic optimization for predictable performance during surges: Detects AI traffic and applies optimization techniques like packet duplication to maintain reliable, low-latency AI interactions during bursts of loadMCP visibility, logging, and policy control: Discovers and governs MCP communications with in-path controls and inspection outcomes to manage agent-to-tool connectivityIntent-aware inspection of interactions and tool requests: Combines rapid detection techniques with cloud-based analysis to evaluate the intent behind agentic messages and actions to detect and stop threatsUnified policy enforcement across SD-WAN and SSE: Coordinates controls in a single framework to simplify governance as agent adoption accelerates and regulatory expectations evolve"For today's CIOs and CISOs, the explosive growth of AI-driven workloads creates both opportunity and risk," said Mauricio Sanchez, Senior Director at Dell'Oro Group. "As enterprises adapt SASE architectures to support AI-driven workflows, Cisco has steadily increased its market share—up roughly 20% since 2023. Vendors that align networking, security, and policy enforcement are increasingly well-positioned as SASE deployments scale."Deliver reliable, cryptographically protected connectivity at scaleAs more businesses embed agentic AI into their operations, mission-critical workflows will traverse campus and branch environments. Organizations need networking that keeps AI-driven communications responsive today while preparing encryption for long-lived confidentiality and evolving regulatory expectations.To meet this challenge, Cisco is announcing IOS XE 26, the latest version of the operating system that powers millions of networks globally. The new release powers its recently announced Cisco 8000 Series Secure Routers and Cisco C9000 Series Smart Switches, as well as two new variants of the 8100 Series Secure Routers for small and mid-size businesses, also available today. IOS XE 26 delivers industry-first full-stack post-quantum cryptography (PQC) protections for the enterprise, defending organizations against device tampering and data compromise designed to align with evolving European and global regulatory guidance.Together, these advancements help organizations maintain predictable performance for AI-driven traffic across distributed environments and protect encrypted communications as they prepare for PQC. They also extend security, visibility, and operational simplicity from the core to campus and branch locations where AI-enabled workflows increasingly originate.Also announced today: Active Directory Defense: Cisco Duo is rolling out new capabilities to add visibility, insights, and protection for on-premises identity infrastructure, helping close the legacy gap where modern controls and MFA can be difficult to apply to older protocols and applications. In partnership with SpecterOps BloodHound Enterprise, Cisco helps teams identify and reduce real-world identity attack paths.AgenticOps for Security: New agentic capabilities in Cisco Security Cloud Control will proactively analyze firewall traffic, capacity, health, and configuration data to surface prioritized recommendations and autonomously remediate issues while maintaining security and compliance.For more information, visit cisco.com/go/security.Additional Resources:Blog: One platform for the Agentic AI era by Jeetu Patel, President and Chief Product Officer, CiscoBlog: Redefining Security for the Agentic EraBlog: Security for the Agentic Era: Cisco AI Defense Breaks New GroundBlog: SASE for the AI Era: See the Intent. Secure the Agent. Scale the AI.Blog: How to Protect Your Active Directory with Duo's New MFA and Visibility SolutionsBlog: Reinventing Branch Networking: How Cisco Empowers Small Businesses and BeyondBlog: Protection, Policy and Power at the Foundation of Future-Ready Campus NetworksFor more information about announcements from Cisco Live Amsterdam, visit the Cisco NewsroomAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Disclaimer: Some of the products and features mentioned are still in development and will be made generally available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change. 



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Original: Cisco Redefines Security for the Agentic Era with AI Defense Expansion and AI-Aware SASE

Cisco Expands AgenticOps Innovations Across PortfolioFebruary 10, 2026 3:30 AM
PR Newswire (US)

New AgenticOps capabilities in networking, security, and observability reimagine how to automate, scale, and simplify IT operations in the AI era.News Summary:Cisco advances AgenticOps as the operating model for modern IT.New capabilities extend agentic-driven operations with intelligent execution across networking, security, and observability.New tools, skills, and platform enhancements equip organizations to meet the demands of the AI era, delivering reliability, accuracy, and control at scale.AMSTERDAM, Feb. 10, 2026 /PRNewswire/ -- CISCO LIVE EMEA -- Cisco (NASDAQ: CSCO) today announced new AgenticOps innovations for the AI era. First launched last year, AgenticOps is an agent-first IT operating model for autonomous action with built-in oversight. New capabilities unveiled today across networking, security, and observability further transform how IT teams operate at scale.
IT environments are increasingly distributed and dynamic, placing growing operational and security demands on already stretched teams. Addressing these demands requires a new operational model, one that enables intelligent execution while preserving the reliability, accuracy, and governance organizations require. Cisco's AgenticOps is built for this reality, providing the foundation to absorb operational complexity and operate effectively at scale."For teams responsible for operating and securing distributed networks and infrastructure, AgenticOps represents a profound and fundamental shift away from complexity," said Jeetu Patel, President and Chief Product Officer, Cisco. "This is the true power of Cisco as a platform. By delivering agentic capabilities aligned to critical IT operations priorities, we're combining Cisco's unique cross-domain visibility, purpose-built models, and governance together to supercharge teams."Last year, Cisco introduced AgenticOps and redefined how AI is applied in networking to manage the growing complexity of modern IT operations. Powered by advanced AI and unified network data, including the Deep Network Model, solutions like Agentic Workflows and AI Canvas help IT teams troubleshoot faster and automate securely. Now, Cisco is extending agentic-driven operations across networking, security, and observability, delivering AgenticOps to support IT operations in cloud, on-premises, air-gapped industrial, enterprise, data center, and service provider environments.Cisco's AgenticOps is informed by system-wide awareness drawn from one of the industry's richest sources of cross-domain telemetry across Cisco Networking, Security Cloud Control, Cisco Nexus One, Splunk, and more. By ingesting live signals from owned and unowned networks, security controls, applications, and collaboration platforms, including Cisco ThousandEyes, Secure Firewall, and Splunk Observability, AgenticOps delivers context-aware, agentic execution at real-world operational scale. The result is trusted, closed-loop execution that shifts day-to-day operations from humans to machines, while keeping teams firmly in control of outcomes.New tools, skills, and platform enhancements across networking, security, and observability include:Operating Networks at AI Scale with Intelligent Execution Campus, Branch, and Industrial Autonomous Troubleshooting: End-to-end agentic investigations across campus, branch, and industrial networks triage connectivity and experience issues, cutting MTTR to minutes. Applies reasoning from telemetry to root cause, validating multiple hypotheses simultaneously and executing deterministic remediations with CCIE-grade precision.Continuous Optimization: Context-aware agentic recommendations to prevent performance degradation before users feel it. Continuously maintains user experience by autonomously tuning RF, QoS, path, and control planes with a live understanding of end-to-end network conditions. Trusted Validation: Risk-aware agentic assessments validate network changes against live topology, configuration, and telemetry, including identifying impact and blast radius. Leverages deep reasoning to perform complex tasks such as compliance validation.Experience Metrics: Transforms thousands of network signals into a single view focused on clear, actionable metrics for user experience, such as Time to Connect, Capacity, and Roaming.Agentic Workflow Creation: Create production-ready, deterministic automations within Cisco AI Assistant for custom, repeatable, and verifiable workflows based on environment conditions.Agentic capabilities for Campus, Branch, and Industrial will start rolling out February 2026.Data Center: Early detection and intelligent event correlation with AgenticOps for data center networks enables the delivery of prescriptive recommendations to optimize performance. By providing actionable insights across traditional and AI workloads, the solution drives proactive operations and significantly improves business outcomes. This capability enhances the observability and unified operations of Cisco Nexus One. Controlled availability in June 2026.Service Provider: Accelerating the journey to autonomous networking, agentic capabilities in Crosswork AI identify, diagnose, and resolve complex, multi-vendor issues in service provider networks with greater speed, accuracy, and confidence. Now in beta. Turbocharging Firewall Operations in Cisco Security Cloud ControlProactive Recommendations: Proactive analysis of firewall traffic, including both the applications accessed and mode of access, allows agentic policy capabilities to identify and recommend more robust zero trust controls for sensitive applications. These capabilities can then propose actions tailored to each customer's environment, which can be executed with a single click.Operational Efficiency: AgenticOps troubleshooting and optimization capabilities detect issues such as elephant flows impacting firewall performance, perform full-context analysis, and propose remediation options that can be executed in one click.Continuous Compliance: Agentic compliance capabilities continuously evaluate firewall configurations to automatically identify PCI-DSS deviations and recommend remediations to stay compliant.General availability is targeted in May 2026.Visibility and Control Across Agentic ApplicationsTracking the performance, cost, quality, and behavior of LLM and agentic applications, AI Agent Monitoring in Splunk Observability Cloud visualizes agent workflows and will soon integrate with Cisco AI Defense to mitigate risks that inhibit trust in AI models, such as bias, hallucinations, data leakage, and prompt injection. Generally available February 25."The industry is clearly moving toward more agentic models of IT operations, but execution and trust will determine who leads," said Ron Westfall, VP and Practice Leader, Infrastructure and Networking, HyperFRAME Research. "Cisco's AgenticOps approach is compelling because it grounds AI-driven operations in decades of operational expertise, strong guardrails, and clear human oversight. That combination positions Cisco firmly as enterprises look for practical ways to manage growing scale and complexity without introducing new risk."Additional Resources:Blog: One platform for the Agentic AI era, by Jeetu Patel, President and Chief Product Officer, CiscoBlog: Advancing the AI-Ready Secure Network: New Capabilities at Cisco Live EMEABlog: AgenticOps and the Rise of AI-in-the-loopBlog: Preventing the Most Dangerous Moments in NetOps with AgenticOpsBlog: From Firefighting to Flow: How AgenticOps Transforms Wireless OperationsBlog: Simpler, Safer, Smarter: Redefining Industrial Operations at Cisco Live EMEABlog: Networking for the Agentic Era: Cisco Unveils New Innovations in Scale and SimplicityBlog: Redefining Security for the Agentic EraBlog: Splunk Accelerates Agentic AI Innovation at Cisco Live AmsterdamFor more information about announcements from Cisco Live Amsterdam, visit the Cisco NewsroomAbout Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.  Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company. Disclaimer: Many of the products and features mentioned are still in development and will be made available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change.Photo - https://mma.prnewswire.com/media/2890600/CLEMEA_Exec_Exchange_Networking_1_Infographic.jpg
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Original: Cisco Expands AgenticOps Innovations Across Portfolio

Cisco Announces New Silicon One G300, Advanced Systems and Optics to Power and Scale AI Data Centers for the Agentic EraFebruary 10, 2026 3:30 AM
PR Newswire (Canada)

 New G300-powered Cisco N9000 and 8000 systems, advanced optics and management upgrades deliver hyperscale-level performance, reliability and efficiency for all AI network builders.News Summary:As the AI ecosystem buildout expands beyond hyperscalers, Cisco AI Networking innovations address the critical considerations of the next phase of AI buildouts - increasing energy efficiency, lowering operating costs, and simplifying operations.The Cisco Silicon One G300 102.4 Tbps switch silicon can power gigawatt-scale AI clusters for training, inference, and real-time agentic workloads, while maximizing GPU utilization with a 28% improvement in job completion time.New Cisco N9000 and Cisco 8000, powered by the G300, offer 102.4 Tbps switching speeds in systems designed for hyperscalers, neoclouds, sovereign clouds, service providers, and enterprises.New systems available as a 100% liquid cooled design that, along with new optics, enables a customer to improve energy efficiency by nearly 70%. Nexus One now delivers a unified management plane allowing customers to stand up fabrics faster, scale predictably, and operate securely and efficiently.AMSTERDAM, Feb. 10, 2026 /CNW/ -- CISCO LIVE EMEA -- Cisco (NASDAQ: CSCO) continues to transform the network into an AI innovation platform, today unveiling the Silicon One G300, a 102.4 Tbps switching silicon designed for massive AI cluster buildouts. The Cisco Silicon One G300 will power new Cisco N9000 and Cisco 8000 systems that push the frontier of AI networking in the data center. The systems feature innovative liquid cooling and support high-density optics to achieve new efficiency benchmarks and ensure customers get the most out of their GPU investments. In addition, the company enhanced Nexus One to make it easier for enterprises to operate their AI networks — on-premises or in the cloud — removing the complexity that can hold organizations back from scaling AI data centers.







"We are spearheading performance, manageability, and security in AI networking by innovating across the full stack - from silicon to systems and software," said Jeetu Patel, President and Chief Product Officer, Cisco. "We're building the foundation for the future of infrastructure, supporting every type of customer—from hyperscalers to enterprises—as they shift to AI-powered workloads.""As AI training and inference continues to scale, data movement is the key to efficient AI compute; the network becomes part of the compute itself. It's not just about faster GPUs – the network must deliver scalable bandwidth and reliable, congestion-free data movement," said Martin Lund, Executive Vice President of Cisco's Common Hardware Group. "Cisco Silicon One G300, powering our new Cisco N9000 and Cisco 8000 systems, delivers high-performance, programmable, and deterministic networking – enabling every customer to fully utilize their compute and scale AI securely and reliably in production."Silicon One G300: The Networking Foundation for the Agentic Era
The new Silicon One G300 is a 102.4 Tbps switching silicon that exemplifies Cisco's rapid innovation and sets a new standard for AI backend networking. It is designed to power massive, distributed AI clusters with high performance, security, and reliability.The G300 uniquely offers Intelligent Collective Networking, which combines an industry-leading fully shared packet buffer, path-based load balancing, and proactive network telemetry to offer better performance and profitability for large-scale data centers. It efficiently absorbs bursty AI traffic, responds faster to link failures, and prevents packet drops that can stall jobs, ensuring reliable data delivery even over long distances. With Intelligent Collective Networking, Cisco can deliver 33% increased network utilization, and a 28% reduction in job completion time versus simulated non-optimized path selection, making AI data centers more profitable with more tokens generated per GPU-hour.Cisco Silicon One G300 is highly programmable, enabling equipment to be upgraded for new network functionality even after it has been deployed. This enables Silicon One-based products to support emerging use cases and play multiple network roles, protecting long-term infrastructure investments. And with security fused into the hardware, customers can embrace holistic, at-speed security to keep clusters up and running.Cisco Silicon One is the industry's most scalable and programmable unified networking architecture, offering a complete portfolio of networking devices across AI, hyperscaler, data center, enterprise, and service provider use cases. Introduced in 2019, Cisco Silicon One is playing critical roles in major networks around the world.New Systems, Optics: High-Density, Scalable Design for Power-Efficiency and Performance
To enable AI network builders of all sizes – hyperscale to enterprise – Cisco is introducing the next generation of Cisco N9000 and Cisco 8000 fixed and modular Ethernet systems, powered by Silicon One, and designed for the extreme power and thermal demands of AI workloads. Cisco is also introducing innovative optics that unlock even higher efficiency and greater reliability. These advancements deliver a major leap forward in power-efficient, high-performance AI infrastructure.Cisco N9000 and Cisco 8000 102.4T Systems: powered by Silicon One G300, deliver a new standard in data center performance and efficiency with liquid-cooled and air-cooled designs. The 100% liquid cooled systems enable significantly higher bandwidth density and achieve a nearly 70% energy efficiency improvement, offering the same bandwidth in a single system that would previously have required 6 prior generation systems.1.6T OSFP (Octal Small Form-factor Pluggable) Optics: deliver ultra-high bandwidth connectivity targeting AI scale out solutions for 1.6T switch to NIC links and 1.6T, 800G, 400G, or 200G switch to server links, offering customers high performance and reliability.800G Linear Pluggable Optics (LPO): driving greater efficiency for AI scale out networks, LPO reduces optical module power consumption by 50% compared to retimed optical modules. With new N9000 and 8000 systems supporting LPO, customers can reduce overall switch power by 30%, leading to more reliable and sustainable operations.Expanded Portfolio of Silicon One P200-powered Systems: building on the introduction of 51.2T systems for hyperscale deployments, new P200-powered N9000 systems and expanded OS support on 8223 systems deliver scale across, data center interconnect, universal spine, and core and peer routing capabilities to neoclouds, enterprises, and service providers. Cisco is also introducing new 28.8T modular line cards. This expansion of P200-powered offerings, combined with Cisco 800G ZR/ZR+ coherent pluggable optics, enables a wide range of customers to deploy a common architecture across multiple roles in their network.Cisco Nexus One: Intelligent AI networking to drive AI infrastructure forward
Organizations need greater flexibility in where and how they run AI workloads. To address the diverse requirements of these environments, Cisco is advancing Nexus One with a unified management plane that brings together silicon, systems, optics, software, and programmable intelligence as a single integrated solution. We're also introducing AgenticOps for data center networking through AI Canvas — making it easier to troubleshoot through guided, human-in-the-loop conversations that turn complex issues into actionable resolutions. Key capabilities include:Unified Fabric: Nexus One allows customers to deploy fast and adapt their networks as demands shift, even across multiple sites. The Cisco N9000 systems serve as the common hardware for a diverse set of fabrics, including Nexus Hyperfabric, with a unified management plane to centralize operations. And API-driven automation and customization are built-in.AI Job Observability and Native Splunk Platform Integration: Nexus One delivers job-aware, network-to-GPU visibility that correlates network telemetry with AI workload behavior. With native Splunk platform integration coming in March, customers will be able to analyze network telemetry directly where data resides—without having to move it to external platforms. This is an essential capability for sovereign cloud deployments and compliance-sensitive environments where data locality is paramount.Cisco's flexible and integrated approach enables more choice, stronger security, and deeper observability—making upgrades and innovation easier, regardless of where customers begin their AI journey.Availability
The Silicon One G300, G300-powered systems and optics will ship this year.Ecosystem Support
Cisco is proud to work with its strategic technology partners, including AMD, DDN, Intel, NetApp, NVIDIA, and VAST, to combine cutting-edge networking, compute, and storage to deliver optimized infrastructure. Cisco's partnerships across the AI ecosystem give customers confidence and choice in their investments.Supporting Quotes
"AI at scale demands open, standards-based networking that customers can deploy with confidence across diverse environments. Our longstanding collaboration with Cisco helps advance high-performance, standards-based Ethernet fabrics while reinforcing end-to-end interoperability, from GPU and CPU platforms to AI NICs, DPUs, and the software stack. We're excited to continue to partner with Cisco across our enterprise and AI product stack, as we focus on giving customers the flexibility and choice to build resilient, scalable AI infrastructure." – Yousuf Khan, corporate vice president, Networking Technology and Solutions Group, AMD"AI at scale demands both compute efficiency and high-performance AI networking fabric. Intel® Gaudi® 3 AI accelerator combined with Cisco Nexus 9000 switching delivers an optimized, open solution that lets customers build at scale LLM inference clusters with uncompromising cost-efficient performance." – Anil Nanduri, VP, AI Get-to-Market & Product Management, Intel"Our partnership with Cisco is built on a long history of innovation, starting with the world's first ACI deployment. As du Tech continues to expand, we rely on Cisco's partnership to meet our infrastructure needs across multiple generations. The N9000 series, with its Silicon One G300 NPU, gives us the 100Tbps capacity and efficiency we need as we move into the 1.6T Ethernet era to support our AI and cloud growth. By using Nexus One and AgenticOps, we can maintain high-performance, energy-efficient data centers. This collaboration ensures our infrastructure is ready to handle the UAE's future digital demands." – Jasim Al Awadi, Chief ICT Officer, du"Sharon AI has selected Cisco Nexus Hyperfabric to power our AI solutions because it delivers a comprehensive, end-to-end infrastructure that seamlessly integrates networking, GPU, and storage. This robust platform enables us to accelerate enterprise deployment with a fully Cisco-validated solution that aligns with NVIDIA NCP design and performance standards. By leveraging a unified, cloud-managed control point, we simplify operations, reduce management overhead, and ensure consistent, high-performance experiences—ultimately allowing us to innovate faster and deliver greater value to our customers." – James Manning, CEO, Sharon AI"Cisco's bold innovation is fueling a new era of intelligent, sustainable operations in our data centers. The Cisco N9000 series, now powered by G300 Silicon One for breakthrough 1.6T scale-out performance, along with the deep-buffer 800G P200-based switches for seamless scale across our network, dramatically expand what's possible for AI infrastructure. Combined with the intelligence of Nexus One with cutting-edge AgenticOps and 102.4T liquid cooling, Cisco is positioned to deliver high-performing, energy-efficient environments that keep us ahead of tomorrow's demands." – David Driggers, CEO and CTO, Cirrascale Cloud Services"As AI adoption moves beyond hyperscalers and scales across enterprises, neoclouds, and sovereign environments, network architecture is becoming a defining constraint on performance, cost, and sustainability. Cisco's approach—combining high-performance silicon, liquid-cooled systems, advanced optics, and integrated operations—speaks directly to the next phase of AI infrastructure, where maximizing GPU utilization, improving energy efficiency, and simplifying operations are critical to realizing real economic value from AI at scale." – Matt Eastwood, SVP, Enterprise Infrastructure and Datacenter Group, IDC"Silicon One G300 represents a transformational leap in networking silicon, finely tuned for the demands of large-scale AI clusters. By significantly boosting network utilization, more GPU tokens are generated per hour. AI networking is critical in reshaping the economics and performance expectations for AI data centers. Back-end scale-out networks will rapidly move to 1.6T and be a key driver to push the Ethernet data center switch market above $100B a year." – Alan Weckel, Founder and Technology Analyst, 650 Group"Networking has been the fundamental constraint to scaling AI. Cisco has emerged as an important player in advancing high-speed, efficient Ethernet solutions, and the 102.4T Silicon One G300 is a clear proof point of that progress. At this scale, networking directly determines how much AI compute can actually be utilized." – Dylan Patel, Founder, CEO, and Chief Analyst, SemiAnalysis"Cisco's Silicon One G300 sets a new bar for AI networking, and VAST ensures that bandwidth translates into real application throughput. The VAST AI Operating System unifies ingest, retrieval, vector search, and real-time analytics, removing the data-path bottlenecks that starve GPUs and stall jobs. Together with Cisco's new systems and operations model, we're delivering a validated, turnkey foundation that helps enterprises scale agentic AI from pilot to production." – John Mao, VP, Global Technology Alliances, VAST"At AI-factory scale, performance is no longer determined by the network or the data layer alone—it's defined by how tightly they work together. Cisco's Silicon One G300–powered Nexus platforms provide the deterministic, high-bandwidth fabric required for agentic and GPU-dense environments, while DDN's AI-native data intelligence ensures data is always in the right place, at the right time, at full speed. Together, we remove the hidden bottlenecks that starve GPUs, extend job completion times, and stall production AI. This validation underscores a shared commitment to delivering AI infrastructure that is not just powerful on paper, but proven in real-world, large-scale deployments." – Sven Oehme, CTO, DDN"NetApp and Cisco have collaborated closely to help enterprises store, access, and optimize their data to accelerate AI innovation. With NetApp AFX disaggregated storage and Cisco's G300 based N9000 systems with 102.4T switching, data can reach GPUs at the speed organizations need to power innovation. Combining world class networking from Cisco and NetApp's enterprise-grade data platform enables customers to scale AI without compromise." – Syam Nair, CPO, NetApp"WWT clients know and trust Cisco networking in the AI data center. With the G300-powered N9000 and Nexus One, we're extending that trust to AI workloads—102.4 terabits of capacity with the industry's largest on-chip buffer, managed through Nexus Dashboard. This is the fastest we've seen Cisco move, and it's exactly what our clients need to accelerate their AI journeys." – Neil Anderson, VP and CTO, Cloud, Infrastructure, and AI Solutions, WWT"Cisco's Silicon One–powered Nexus switches N9364E-SP2R-X (P200) and N9364F-SG3 (G300) switches redefine what's possible in the modern AI data center, delivering an unprecedented scale with 64 ports of 800Gb/1.6Tbs and 51.2T/102.4Tb total throughput. With operational flexibility across NX-OS and Cisco ACI with next-generation silicon, these switches position enterprises and neoclouds to embrace high performance platform-driven innovation, scale and digital transformation with confidence." – Brian Campbell, VP, Hybrid Infrastructure & Digital Experience, CDW"Our hyperscale and neocloud customers need networking that matches GPU density. Cisco's N9000 with NX-OS delivers programmability and telemetry to optimize every flow. The G300 silicon enhances this with industry-leading buffers, power efficiency, and 1.6T port density. Through our strategic partnership with Cisco, we deliver lossless, high-performance networking for AI training and inference. The Nexus One Platform ensures predictable performance—deep buffers manage bursty traffic, and Intelligent Packet Flow maximizes GPU utilization." – Thomas Berger, Director, Data Center Networking, ComputacenterAdditional Resources:Executive Blog Post: One platform for the Agentic AI era by Jeetu Patel, President and Chief Product Officer, CiscoBlog Post:Networking for the Agentic Era: Cisco Unveils New Innovations in Scale and SimplicityBlog Post:Cisco Silicon One G300: The Next Wave of AI InnovationBlog Post: More Scale, More Intelligence, and More Control: New Cisco Solutions for Accelerating AI NetworkingFor more information about announcements from Cisco Live Amsterdam, please visit the Cisco Newsroom.About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Disclaimer: Many of the products and features mentioned are still in development and will be made available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change. 










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Original: Cisco Announces New Silicon One G300, Advanced Systems and Optics to Power and Scale AI Data Centers for the Agentic Era

Five Key Market Themes to Watch in the Coming WeekFebruary 9, 2026 5:51 AM
IH Market News
Investors are heading into a pivotal week shaped by closely watched U.S. jobs and inflation figures, a fresh wave of technology earnings after recent volatility, and major political developments in Japan and the United Kingdom. Here are the main issues likely to drive markets over the days ahead.



1. U.S. employment report takes centre stage



The standout item on this week’s economic calendar is the release of delayed U.S. employment data for January. The report, postponed by a brief three-day federal government shutdown that ended last Tuesday, is now scheduled for Wednesday.Economists expect the data to show the U.S. economy added 70,000 jobs in January, compared with 50,000 in the previous month. Markets will be scrutinising the figures for signs that the labour market is “stabilizing,” a term recently used by Federal Reserve Chair Jerome Powell.The Fed cut interest rates several times in 2025 in response to a cooling labour market pressured by tariff-related uncertainty. Recent indicators have been mixed: initial jobless claims rose more than expected last week, partly due to severe winter storms, while December job openings fell to a five-year low. Much of that decline was concentrated in professional and business services, which some analysts see as early evidence of AI-driven disruption to white-collar roles.



2. Inflation data in the spotlight



Friday brings another critical release with the publication of U.S. inflation data for January. The headline consumer price index is forecast to slow to 2.5% year on year, down from 2.7% in December, while the monthly increase is expected to match December’s 0.3% pace.Alongside employment, inflation forms the core of the Fed’s dual mandate, meaning both data points could heavily influence expectations for interest rate policy in 2026. Policymakers left rates unchanged last month, citing signs of a steadying labour market and inflation that remains subdued, though still above the Fed’s 2% target.The figures arrive after a volatile period for markets, partly driven by concerns over the impact of artificial intelligence on the software sector. Following a sharp sell-off last week, Wall Street stocks staged a rebound on Friday.Analysts at Capital Economics said they “suspect U.S. economic data this week might help investors’ nerves recover further[.]”



3. Another wave of tech earnings



Also in focus will be a heavy slate of corporate results, particularly from technology companies. Earnings updates are due from ON Semiconductor (NASDAQ:ON), Datadog (NASDAQ:DDOG), Spotify (NYSE:SPOT), Cisco (NASDAQ:CSCO) and Applied Materials (NASDAQ:AMAT).The reports could offer fresh insight into a sector rattled by rapid advances in artificial intelligence. Last week, software stocks sold off sharply after AI startup Anthropic unveiled a new workplace plugin aimed at legal and administrative tasks, sparking concerns that such tools could erode demand for traditional software services.As a result, investors will be paying close attention to management commentary on AI strategy and outlook.“[I]nvestors had a lot to think about following the extreme volatility from the last several sessions, including the huge rebound on Friday, which raises the question of whether the swoon (especially in tech) is over?” analysts at Vital Knowledge wrote.“We think the recent market swings are simply the most visible manifestations of large structural changes that have been underway beneath the surface for months, specifically in tech and AI[.]”



4. Japan prime minister’s election gamble pays off



Outside the U.S., Asian markets rose on Monday after Japanese Prime Minister Sanae Takaichi secured a decisive victory in a snap election over the weekend.The vote came just 110 days after Takaichi became Japan’s first female prime minister, making it a high-stakes gamble. Early reports suggest her Liberal Democratic Party won a rare supermajority in the lower house of parliament, strengthening her mandate.The outcome appears to clear the way for higher government spending and tax cuts, supported by what some observers see as a relatively stable political backdrop.“Takaichi’s decision to leverage her popularity for her party turned out to be successful. The landslide victory will reinforce her responsible but expansionary fiscal spending and a more Japan-focused foreign policy. Risk-on sentiment will dominate the market for now,” said Min Joo Kang, Senior Economist at ING.



5. Pressure mounts on the UK’s Starmer



While Japan’s leader consolidates power, political risk is rising in the UK. Prime Minister Keir Starmer is facing growing scrutiny over the links between one of his government’s most prominent ambassadors and Jeffrey Epstein.On Sunday, Starmer’s chief of staff Morgan McSweeney resigned, taking responsibility for Starmer’s appointment of Peter Mandelson as the UK’s ambassador to the U.S. Documents released by the U.S. Justice Department showed Mandelson had provided government papers to Epstein, while Mandelson and his now husband received payments from the late American sex offender.Markets are watching closely for any fallout. If Starmer or Chancellor Rachel Reeves were to be replaced, “[t]he most likely longer-lasting influence is a loosening in fiscal policy that leads to higher gilt yields than otherwise and a weaker pound than otherwise,” said Ruth Gregory, Deputy Chief UK Economist at Capital Economics.Get stock prices from InvestorsHub

Original: Five Key Market Themes to Watch in the Coming Week

Markets Turn to Earnings and Key Data as Japan PM’s Election Gamble Pays Off: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 9, 2026 5:03 AM
IH Market News
U.S. stock futures were slightly higher at the start of the week, with investors bracing for a busy stretch of corporate earnings and long-awaited economic data releases. Semiconductor maker Onsemi is among the first major companies set to report on Monday, while Japanese equities advanced after Prime Minister Sanae Takaichi secured a decisive election victory.



U.S. futures nudge higher



Futures tied to the main U.S. indices pointed modestly upward early Monday. By 03:43 ET, Dow futures were ahead by 87 points, or 0.2%, S&P 500 futures had added 0.1%, and Nasdaq 100 futures were also up around 0.1%.The gains follow a strong end to last week, when Wall Street recovered from earlier losses driven by concerns over the disruptive impact of artificial intelligence on parts of the software industry. On Friday, the Dow Jones Industrial Average closed above the 50,000 level for the first time, while the S&P 500 and Nasdaq Composite climbed by nearly 2% and just over 2%, respectively.Some mega-cap stocks lagged the broader rebound. Amazon (NASDAQ:AMZN) fell 5.6% as investors reacted cautiously to signs the company is preparing to sharply increase spending on AI. Other tech heavyweights, including Alphabet (NASDAQ:GOOG), have also outlined sizeable investment plans, but uncertainty remains over how quickly those outlays will translate into durable profits.



ON Semi in the earnings spotlight



ON Semiconductor (NASDAQ:ON) is scheduled to report quarterly results after the market closes on Monday, making it an early focal point in this week’s earnings calendar. The chipmaker’s prior guidance for fourth-quarter revenue and profit broadly matched market expectations.Growth in power-management products used in AI data centres has helped offset softer demand from the automotive sector, where slowing electric vehicle sales in North America and Europe have reduced spending on silicon carbide chips. Bloomberg consensus forecasts call for adjusted earnings of $0.63 per share on revenue of $1.53 billion.Elsewhere on the earnings front, reports are also due this week from Datadog (NASDAQ:DDOG), Spotify (NYSE:SPOT), Cisco (NASDAQ:CSCO) and Applied Materials (NASDAQ:AMAT).



Japan markets lift after election result



Asian markets traded higher after Japanese Prime Minister Sanae Takaichi scored a major win in a snap election held over the weekend. The vote came just 110 days after she became Japan’s first female prime minister, adding to the significance of the result.Media reports suggest Takaichi’s Liberal Democratic Party secured a rare supermajority in the lower house of parliament, potentially smoothing the path for increased public spending and tax cuts within a stable political framework.“Calm may be on the way for Japan’s markets now the election is out of the way,” said Thomas Mathews, Head of Asia Pacific Markets at Capital Economics. He added that a recent sell-off in Japanese government bonds is unlikely to persist and that the yen could strengthen.



Gold ticks higher



Gold prices edged up in European trading, with silver also advancing, after a volatile week for precious metals. Price swings were driven by a combination of muted safe-haven demand, profit-taking and uncertainty around the outlook for U.S. monetary policy.Attention this week is firmly on key U.S. economic indicators, particularly the nonfarm payrolls report and consumer price inflation data, both of which are closely watched by the Federal Reserve when setting interest rates.



Oil eases on diplomatic signals



Oil prices moved lower as signs of easing tensions between the U.S. and Iran weighed on sentiment. Comments over the weekend indicating that indirect nuclear talks will continue helped reduce fears of an escalation in the Middle East.A firmer U.S. dollar ahead of major economic data releases also pressured crude markets, which had already fallen around 2% last week. Brent futures were last down 1.1% at $67.32 a barrel, while West Texas Intermediate crude slipped 1.0% to $62.92 a barrel.Amazon stock priceAlphabet stock priceON Semiconductor stock price

Original: Markets Turn to Earnings and Key Data as Japan PM’s Election Gamble Pays Off: Dow Jones, S&P, Nasdaq, Wall Street Futures

CSCO, new 52+week high

Cisco Schedules Conference Call for Q2 Fiscal Year 2026 Financial ResultsFebruary 2, 2026 4:30 PM
PR Newswire (US)

SAN JOSE, Calif., Feb. 2, 2026 /PRNewswire/ -- Cisco (NASDAQ: CSCO) has scheduled a conference call for Wednesday, Feb. 11, 2026, at 1:30 PM (PT); 4:30 PM (ET) to announce its second quarter fiscal year 2026 financial results for the period ending Saturday, January 24, 2026.







Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, Feb. 11, 2026. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com.  Date:                     
Wednesday, Feb. 11, 2026Time:                     
1:30 PM (PT); 4:30 PM (ET)To Listen via Telephone: 
888-848-6507
212-519-0847 (for International Callers)To Listen via the Internet: 
We are pleased to offer a live and replay audio broadcast of the conference call with corresponding slides at https://investor.cisco.com.Replay:
A telephone playback of the Q2 FY2026 conference call is scheduled to be available beginning at 4:00 PM (PT) on Feb. 11, 2026, through 10:00 PM (PT) Feb. 17, 2026. The replay will be accessible by calling 800-839-2232 (International callers: 203-369-3662). The call runs 24 hours/day, including weekends. An archived version of the webcast will be available on Cisco's Investor Relations website at https://investor.cisco.com.About Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company.Investor Relations Contact: Press Contact:   Sami BadriPatricia HoganCiscoCiscosambadri@cisco.com patricih@cisco.com 



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Original: Cisco Schedules Conference Call for Q2 Fiscal Year 2026 Financial Results

CSCO, near the high

Cisco Launches New Cisco 360 Partner Program, Built with Partners for the AI EraJanuary 26, 2026 1:05 PM
PR Newswire (US)

The new program helps customers reach transformative AI outcomes fasterNews summary:? Now live, the Cisco 360 Partner Program, designed to deliver outcomes that only Cisco and its ecosystem can achieve together, showcases the power of partnering with Cisco in the AI era. New partner designations and tools make it easier for customers to find and build partner teams for today's needs: AI-ready data centers, future-proofed workplaces, and digital resilience. At launch, new resources help partners differentiate and grow their offerings for customers.SAN JOSE, Calif., Jan. 26, 2026 /PRNewswire/ -- Today, Cisco (NASDAQ: CSCO) announced the launch of the Cisco 360 Partner Program after fifteen months of co-design with partners. Cisco's success is built on close collaboration with its partners to meet customer needs in the fast-changing AI world. Now, Cisco is boosting how it supports partners while making it easier for them to help customers. The new program, built for developers, consultants, managed services providers, resellers, and other partner business models, better equips Cisco partners to deliver customer outcomes in the areas of AI-ready data centers, future-proofed workplaces, and digital resilience.







The Cisco 360 Partner Program is designed to provide clarity and empower partners to drive more predictable profitability. At the same time, with the new Cisco Partner Locator tool, customers can now search for the right partner across key Cisco portfolios like Security, Networking, Collaboration, Services, Splunk, and Cloud and AI Infrastructure."With our partners, we've strengthened what is already a world-class ecosystem to deliver even greater value and help our mutual customers connect, protect and thrive," said Tim Coogan, Senior Vice President of Global Partner Sales at Cisco."The Cisco 360 Partner Program helps us differentiate based on our expertise. We appreciate that we're measured on the value we bring; that only benefits our mutual customers," said Nicko Roussos, Senior Vice President, Cisco Strategy & Transformation, TD Synnex. Cisco's recent AI Readiness Index shows that being AI ready is a competitive advantage for companies. Meeting these needs relies on expert partners collaborating to provide essential infrastructure, services, and AI-native capabilities. The Cisco 360 Partner Program recognizes partner expertise and rewards value creation across the customer lifecycle—empowering partners to provide secure, agile solutions that support customers through transformation.The Cisco 360 Partner Program evolves Cisco's program to align with partner and customer priorities:Clearer, more predictable earnings for partners with the Cisco Partner Incentive
Now live, the Cisco Partner Incentive (CPI) streamlines past program elements; offers partners clearer, more predictable earnings across Cisco's portfolio; and helps partners plan for growth by aligning sales focus and go-to-market strategies with Cisco's roadmap.Helping customers find the right expertise
Cisco's new partner designations help customers easily identify partners with the right capabilities. All participants are recognized as registered Cisco Partners. Cisco Portfolio Partners demonstrate proven sales and technical expertise, practice maturity, and a strong commitment to customer engagement. Cisco Preferred Partners go even further, offering advanced technical skills, robust lifecycle and adoption practices, and the capability to deliver comprehensive end-to-end solutions.Enhanced resources: New Rebates, Partner Value Indexes, Development Fund, and AI Assistant
Partners have access to new resources to help differentiate and grow their offerings for customers:Cisco Partner Incentive (CPI) - Cisco is introducing CPI bonuses to increase partner earning potential, focusing on One Cisco including the new Secure Networking and Secure AI Infrastructure specializations. These temporary bonuses will expire at the end of July 2026.Partner Value Indexes (PVI) - Cisco's main measurement framework will soon add dedicated indexes for Developers/Advisors, Mass-Scale Infrastructure and Distributors with tailored learning paths and opportunities for these different types of partners to boost value and profitability.Distributor Development Fund - This new fund is designed to drive stronger alignment and success between Cisco and distributor, focusing on partner growth and enablement.Enhanced Cisco AI Assistant - A more intuitive Cisco AI Assistant for the Partner Experience Platform (PXP) helps partners work smarter and focus on delivering value to customers.More information is available in an overview of the Cisco 360 Partner Program. Partners can learn additional details on the Cisco 360 Partner Program website. Customers can find Cisco partners at the Partner Tool locator.Quotes: "The Cisco 360 Partner Program was designed with partners to foster collective success, enable differentiation, and help partners scale with confidence. It's about making our ecosystem's unique value clear to the market and our customers." - Elisabeth De Dobbeleer, Senior Vice President, Cisco Partner Program "Insight is fully aligned with the Cisco Partner 360 Program and its focus on delivering meaningful customer outcomes. This approach reflects how we engage every day — leaning in to solve complex business challenges and accelerate transformation. Together, we are positioned to create even greater impact and measurable value for our shared customers." - Kevin Brown, Vice President, Partner Management, Insight"We've already actively engaged in the Cisco 360 Partner Program leading up to the launch and are already seeing the benefits of the Cisco Partner Incentive Estimator for planning. This insight plays a critical role in ensuring we deliver the most competitive solutions to our customers."  -Lane Irvine, Director, Strategic Alliances, Long View Systems"Cisco has invested significant time and effort in the redesign of this program. While there was understandable hesitation at the start, it's clear that the refinements made along the way have strengthened the overall approach. I especially appreciate that partner feedback was actively listened to and thoughtfully actioned throughout the process." - Alex Schank, Senior Partner Operations, Pomeroy Technologies, LLC "Cisco 360 is a bridge to the new partner model: high-touch, high-value, outcome-based, and AI-ready. The partners who embrace the Partner Value Index not as a scorecard but as a business plan will find that 2026 is not a year of consolidation but of unprecedented profitability." - Anurag Agrawal, Founder and Chief Global Analyst, Techaisle About Cisco
Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.  



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Original: Cisco Launches New Cisco 360 Partner Program, Built with Partners for the AI Era

CSCO, dollar cost average

Looking great from here on out! 

CSCO, still climbing

CSCO, climbing a wall of worry

CSCO, still climbing

CSCO, new 52:week high

target $100+ Q2 2026

Will CSCO finally get back to the price per share of $82 as it was in March 2000 ?
It has been over 25 years to get back to the massively overvalued $82 per share. Now, they have 4 billion shares outstanding. Much of the financials are again caused by companies investing in customers and getting shares in those customers and sending out press releases and companies also investing in suppliers and getting shares in those supplier's companies and releasing press releases to hype the boom, draw more investments, generate more shares... Declaring a technological revolutionary "New Economy!" and "this time it is different!" Sending out more hype about the boom when it is really the loops of falsely generated growth and Ponzi-building house of cards driven by money from those who were duped. CAPE P/E ratio is again at 40. It is time for another >70% drop. Watch out.

~bought these 11/21 $90 calls @.05c today 

~bought some 8/29 calls @.13c

CSCO remains disintegrated. They do not show up as one Cisco. The company still has lower revenues than then had in 2023, and thus the company is disintegrating. No wonder the company is losing market share and they value of CSCO has stagnated. Be careful.

$CSCO is only worth $11.60 per share. CSCO has $30.74 Bilion of debt

~bought some 7/3 $71 calls @.05c