2 analysts' median target is $98[FMP target], stock is $94, +3.4% upside potential. After Q2 +2.0% EPS beat[FMP earnings], the stock moved -12.3%.
A- = MoonshotScore 54[multi-pillar formula] + Council 3/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $15.5B[FMP est], EPS $1.04[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q2 EPS +2.0% beat[FMP] but the stock -12.3% D+1[FMP D+1]. Mark Patterson promised $323.0M CapEx + a sequential decline in Q4 during the Q2 earnings call[Mark Patterson capex transcript].
Watchlist
Fy26 Ai Revenue Guidance
fy26_ai_revenue_guidance
Cisco now expects to recognize over $3 billion in AI infrastructure revenue from hyperscalers in FY '26.
"Given the strong demand for our Silicon One systems and optics, we now expect to take AI orders in excess of $5 billion and to recognize over $3 billion in AI infrastructure revenue from hyperscalers in FY '26."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Product Orders Growth
product_orders_growth
Overall, total product orders grew 18% year-over-year
"Overall, total product orders grew 18% year-over-year, even on top of double-digit growth in Q2 fiscal year '25."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Ai Infrastructure Orders
ai_infrastructure_orders
AI infrastructure orders taken from hyperscalers totaled $2.1 billion in Q2.
"AI infrastructure orders taken from hyperscalers totaled $2.1 billion in Q2 compared to $1.3 billion just last quarter and equal to the total orders taken in all of fiscal year '25, marking another significant acceleration in growth across our silicon, systems and optics."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Enterprise Product Orders
enterprise_product_orders
Enterprise product orders were up 8% year-over-year in Q2 with strength across our entire networking portfolio.
"Enterprise product orders were up 8% year-over-year in Q2 with strength across our entire networking portfolio."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Silicon One Deployment
silicon_one_deployment
We shipped our 1 millionth Silicon One chip in Q2 and plan to deploy our Silicon One architecture across our high-performance networking systems by fiscal year '29.
"We shipped our 1 millionth Silicon One chip in Q2 and plan to deploy our Silicon One architecture across our high-performance networking systems by fiscal year '29."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Public Sector Orders
public_sector_orders
Public sector orders were up 11% year-over-year with double-digit growth across all geographies.
"Public sector orders were up 11% year-over-year with double-digit growth across all geographies."
- Charles Robbins - Q2 FY26 Earnings Call - February 11, 2026
Stock Expert AI - Methodology
multi-pillar methodology. Cash Runway and News Sentiment strong. Operating Leverage weak.
How is it calculated? ->6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 1 bearish (Jim Simons), 2 neutral (Klarman, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q2 (February 11, 2026): EPS $1.04 vs $1.02 est[FMP], +2.0% beat. D+1 movement: -12.3%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q2: EPS $1.04 vs $1.02 beat[FMP], stock -12.3% D+1[FMP].
No RPO/backlog concentration disclosed in Q2 earnings call.
Q2 CapEx $323.0M[FMP cashflow]. Q2 op margin 24.6%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Wednesday evening. The framework is ready on this page: Q4 EPS threshold $1.04[FMP], CapEx threshold "below $323.0M"[Mark Patterson]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This Cisco Systems, Inc. (CSCO) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.