capital · May 18, 2026
Cisco Reports Record Revenue Fueled by Enterprise AI and Agentic Security Demand
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Cisco reported record revenue in its latest earnings, driven by enterprise AI and agentic security demand. Splunk Cloud continues its transition from on-premise licenses to cloud subscriptions, creating short-term revenue drag but long-term relevance for monitoring digital customer experiences and AI system health. Cisco launched Cisco IQ, an AI-powered services platform now generally available to more than 250 customers. Cisco confirmed it would cut nearly 4,000 jobs as part of restructuring, redirecting investment toward silicon, optics, security, and AI.
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