Cisco raises annual resulsts forecast fueled by AI demand

SelfRugger · 2026-02-28T01:00:02+00:00

Cisco Systems has raised its annual revenue and profit forecasts, driven by increased enterprise spending on networking equipment amid a surge in AI demand. The company anticipates revenue between $61.2 billion and $61.7 billion for 2026.

SelfRugger

2026-02-28 01:00:02

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Cisco raises annual resulsts forecast fueled by AI demand

GSMA’s 2022 Mobile World Congress in Barcelona · Reuters

Reuters

Thu, February 12, 2026 at 6:12 AM GMT+9 1 min read

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Feb 11 (Reuters) - Cisco Systems raised its full-year revenue and ‌adjusted profit forecasts on Wednesday, ‌driven by robust enterprise spending on its networking equipment amid the artificial intelligence boom.

A surge in data center investments, fueled by technology companies’ need ‌for AI ⁠computing infrastructure, has driven strong demand for Cisco’s core ⁠networking products, such as switches and routers.

Enterprises are expected to ensure their campus networks are “AI ready” as infrastructure ‌readiness will be crucial for AI-era workloads and modernization needs across switching, wireless and IoT systems.

The company said it now expects 2026 revenue ‌between $61.2 billion and $61.7 billion, compared with its prior forecast of $60.2 billion to $61 ‌billion.

Cisco sees adjusted per-share profit between $4.13 and $4.17 for its current fiscal year, compared to its prior projection of $4.08 ‌to $4.14 per share.

(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)

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