Cisco (CSCO) has secured $9.3 billion in hyperscale AI orders for FY2026, with management guiding for $7.5 billion in AI infrastructure revenue in FY2027. The company reported Q4 FY2026 revenue of $17.252 billion, up 17.58% year-over-year and beating estimates by 2.52%, while non-GAAP EPS of $1.22 topped consensus by 4.38%. Networking revenue grew 28%, and Q4 networking product orders climbed 40%, marking an eighth consecutive quarter of double-digit growth. Analysts note Cisco's 21x forward P/E makes it a value standout compared to peers.