Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) reported an increase in revenues and net profit for the second quarter of FY26. The company issued guidance for the third quarter and fiscal 2026.
Earnings, on an adjusted basis, rose to $1.04 per share in the second quarter from $0.94 per share in the same period last year, beating estimates. On a reported basis, net income was $3.2 billion or $0.80 per share in Q2, vs. $2.4 billion or $0.61 per share in the year-ago quarter.
Second-quarter revenue increased to $15.3 billion from $13.99 billion in the prior-year quarter. The top line exceeded estimates. For the third quarter, the company expects revenue to be in the range of $15.4 billion to $15.6 billion. The forecast for Q3 adjusted earnings per share is $1.02-$1.04.
For fiscal 2026, management forecasts revenues in the range of $61.2 billion to $61.7 billion. It projects full-year earnings between $4.13 per share and $4.17 per share, excluding special items.
“Cisco’s strong second quarter and first half of fiscal 2026 demonstrate both the power of our portfolio and the fundamental role we continue to play in connecting and protecting customers in a rapidly evolving landscape. With over 40 years of customer trust, global scale, and a relentless focus on innovation, we believe Cisco is uniquely positioned to deliver the trusted infrastructure needed to securely and confidently power the AI-era,” said Cisco’s CEO, Chuck Robbins.