people · May 22, 2026
Cisco Shares Dip After CFO Warns on Gross Profit Margin Headwind in AI Push
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Cisco Systems Inc. shares slipped after Chief Financial Officer Mark Patterson warned of margin headwinds on May 19, 2026. Patterson stated the company would see ups and downs with its gross profit margin while supplying hardware to hyperscalers for AI infrastructure. The move to hyperscalers comes at a different gross margin profile during the earnings-related discussion at a JPMorgan event. Cisco reported record Q3 FY26 revenue of $15.8 billion earlier in the month. Mark Patterson assumed the CFO role on July 27, 2025.
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