Why Cisco Systems Stock Jumped 17% Today
2026-05-14 11:09:48 ET
Cisco Systems (NASDAQ: CSCO) reported fiscal Q3 2026 earnings last night. Investors loved what they saw, and the stock is up by 17% at 10 a.m. ET.
This was a clean beat-and-raise report. Cisco's Q3 sales rose 12% year over year to $15.8 billion. Adjusted earnings increased 10% to $1.06 per diluted share. The Street consensus had pointed to earnings near $1.04 per share on sales of roughly $15.5 billion.
Looking ahead, Cisco's management also set full-year and next-quarter guidance targets well above the current analyst projections. Revenue guidance was approximately $1 billion above the consensus and the earnings targets raced 10% ahead of existing analyst targets.
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