Cisco Systems (CSCO) Q3 2026 (USD): Adj. EPS 1.06 (exp. 1.04), Revenue 15.8bln (exp. 15.54bln), Adj. operating income 5.4bln (exp. 5.28bln), Adj. net income 4.2bln (exp. 4.12bln)

To cut less than 4,000 jobs, fewer than 5% workers.Guidance: FY adj. EPS 4.27-4.29 (exp. 4.16). FY revenue 62.8-63bln (exp. 61.6bln). FY hyperscalers orders USD 9bln (prev. 5bln). Q4 adj. EPS 1.16-1.18 (exp. 1.07). Q4 revenue 16.7-16.9bln (exp. 15.8bln). Q4 adj. gross margin 65.5-66.5% (exp. 66.6%). Commentary: Significant momentum and raised expectations for AI infrastructure from hyperscalers. Restructuring plan in order to allow it to invest in key growth opportunities including silicon, optics, security, and AI.