capital · May 16, 2026
Cisco Shares Surge 13% on Record Q3 Results and AI Infrastructure Momentum
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Cisco shares rose more than 13% on May 14, 2026, following the release of Q3 FY2026 earnings that beat Wall Street estimates and included raised guidance. The company announced it will cut nearly 4000 jobs, or about 5% of its workforce, to shift focus toward AI, silicon, and optics. CEO Chuck Robbins described Cisco as critical infrastructure for the AI era during the earnings call. The stock reached a record high amid the positive reaction to AI order growth.
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