Cisco is riding a massive AI networking wave, reporting record-breaking fiscal 2026 revenue of $63.3 billion—a 12% jump year-over-year—as enterprises rush to build out on-prem AI infrastructure. CEO Chuck Robbins called it a “multiyear, multibillion-dollar networking super cycle,” explaining that customers are investing heavily in Cisco’s networking stack to manage surging traffic and costs across cloud, on-prem, and edge environments. Even with ongoing memory and storage chip shortages, Cisco kept price hikes to single digits by securing strategic inventory and smart supply chains, proving they’re ready to power the next era of AI at scale.
