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Cisco's FY2026 Hyperscale AI Orders Reach $9.3 Billion, Up 4.5x Year-over-Year, Receives "Buy" Rating from Analysts
Cisco's hyperscale AI orders for fiscal year 2026 reached $9.3 billion, 4.5 times that of the previous fiscal year. Based on this, 24/7 Wall St. gave Cisco a "buy" rating with a target price of $131.07, representing an 18% upside from the current stock price. Cisco CEO Chuck Robbins expects AI infrastructure revenue to reach $7.5 billion in fiscal year 2027, double that of fiscal year 2026, and stated that "agentic AI" is driving a networking super cycle.
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