Why Is Cisco (CSCO) Stock Moving Today?

Cisco's move traces to its fiscal fourth-quarter and full-year 2026 results, released after the close on August 12 at 20:05 UTC. The company beat on all three headline lines — adjusted EPS of $1.22 against a $1.17 estimate, revenue of $17.3 billion against $16.85 billion, and product revenue of $13.46 billion against $13.03 billion — and reported $9.3 billion of fiscal-2026 AI orders from hyperscale customers.

The reaction shape is the part a trader should read carefully. Our tape measured a 4.44% jump within one minute of the headline crossing, and only 0.54% still held fifteen minutes later. A beat this clean that gives back most of its pop inside a quarter of an hour usually means the result was largely expected — Cisco had already rallied roughly 61% year to date going in — so the buyers who moved first met sellers taking the news as their exit.

Underneath the headline, the demand breadth was strong: total product orders grew 35% year over year, and 25% even with hyperscaler AI orders stripped out entirely, while networking product orders rose 40% for an eighth straight double-digit quarter. We published the full breakdown — including how much of the $9.3 billion AI order book has actually converted to revenue and what the company expects in fiscal 2027 — on our Cisco Q4 FY2026 earnings page.