Cisco Raised Its AI Order Target to $9 Billion. Here's What Investors Need to Know.
AI infrastructure orders could more than quadruple in fiscal 2026. So why is revenue guided to grow just 11%?
Overview
Cisco Systems (NASDAQ: CSCO) has quietly become one of the year's big artificial intelligence (AI) trades. Shares of the networking giant closed Tuesday at $121.74, up 5% on the day and about 60% higher in 2026 as of this writing. That leaves it about 7% shy of its 52-week high ($130.37) -- for a company whose revenue grew 5% last fiscal year.
The number doing most of the work is $9 billion. That's how much in AI infrastructure orders Cisco now expects to take from hyperscalers (the giant cloud companies building AI data centers) in fiscal 2026, a target it raised from $5 billion on its fiscal third-quarter earnings call in May.
Details
So, with shares priced like a growth stock again, how much growth can $9 billion of orders actually buy?
Source
Originally published at www.fool.com.