Cisco Reports Record Q3, $1B Restructuring

Cisco posted record Q3 revenue of $15.8 billion, up 12% YoY and beat consensus $15.54 billion.
Adjusted net income reached $4.2 billion ($1.06 per share), a 10% YoY increase, lifting shares 11% in after‑hours.
Cisco announced a $1 billion restructuring charge, cutting fewer than 4,000 jobs (≈5% workforce) and will recognize $450 million in FY2026 Q4.
FY2026 revenue guidance raised to $62.8‑$63 billion from $61.2‑$61.7 billion, reflecting stronger demand and AI focus.