capital · May 17, 2026
Cisco Stock Surges 14% on AI Demand and Networking Supercycle Outlook
Share the canonical public link.
Cisco Systems announced impressive quarterly earnings on May 14, 2026, alongside nearly 4,000 job cuts representing less than 5% of its workforce. CEO Chuck Robbins stated that the companies that will win in the AI era will be those with focus urgency and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. The company expects revenue to reach $16.7 billion to $16.9 billion in quarter four and $62.8 billion to $63 billion for fiscal year 2026. Layoffs are framed as an AI-driven strategic shift reallocating investment toward AI infrastructure silicon optics and security. Notifications to affected employees began on Thursday May 15, 2026.