Cisco reported record fourth-quarter fiscal 2026 revenue of $17.3 billion, up 18% year-over-year, with full-year revenue surpassing $63 billion for the first time, a 12% increase, and non-GAAP earnings per share rising 14% to $4.33. Management highlighted double-digit growth across its entire product portfolio, including networking, security, and observability, driven by accelerated adoption of agentic AI and a "networking supercycle." AI infrastructure orders from hyperscale customers reached $9.3 billion for the full year, approximately 4.5 times the previous year's level. Cisco projects AI-related revenue will grow to $7.5 billion in fiscal 2027, with total revenue guidance of $72.2 billion to $73.4 billion, representing a year-over-year increase of approximately 15%. The company noted coordinated procurement for campus and data center networking is evident, and corporate spending on AI readiness and infrastructure modernization continues to expand.