In This Article:
Cisco Systems (CSCO) edged out estimates on its fiscal third quarter earnings, posting adjusted earnings per share of $0.96 (vs. forecasts of $0.92) and revenue of $14.15 billion (vs. forecasts of $14.05 billion). The communications networking company also raised its full-year forecast.
Market Domination Overtime anchors Josh Lipton and Madison Mills dive into the earnings results and the company's forecasts for its various segments, including AI.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Let's get to some earnings to Cisco is just out now with their numbers. Let's get that through Q3 adjusted EPS, 96 cents versus an estimate of 92 cents. Uh for revenue 14.15 billion. The street was close to 14.05 billion. In terms of what they're seeing ahead, they are calling for Q4 adjusted EPS, 96 to 98 cents. Consensus was at 95 cents for Q4 Q4 revenue. They are forecasting between 14.5 and 14.7 billion. The estimate was 14.51 billion on the street. And for full year revenue, Maddie, they are now calling for between 56.5 to 56.7 billion. They had seen 56 to 56.5 billion. And you can see here we are popping initially in after hours we're over 4%.
Yeah, taking a look at the statement here. The CEO and chair, Chuck Robbins out with some commentary in the statement saying Cisco once again had strong quarterly results with clear demand for our technologies. And of course, we've got that AI mention above the fold on the statement. The momentum we're seeing with AI is fueled by the power of our secure networking portfolio, trusted global partnerships, and the value we bring to customers. Also here hearing from the CFO, who's going to be on our morning show tomorrow morning, talking about how they had a solid drive of revenue margins and EPS all above guidance ranges. One thing I'm going to be interesting digging into a little bit more is their efforts to diversify in terms of customers and product sales going forward here and the degree to which they had success with that over the course of the quarter.
Yeah, on the call just other kind of themes and trends, I know analysts are going to be looking for the broad networking recovery we are seeing here. What does CEO Chuck Robbins have to say there? Any more color and commentary on the security business is always top of mine. AI orders, the trends he sees there, the product refresh tailwinds. Any kind of color and commentary he can also give about the macro, always in focus for investors. You know, there were risks that I know analysts had called that two potential risks. And specifically possible public spending centric headwinds. So what does Robbins have to say on all be on top of mind for for investors analysts who are listening in?
Yeah, absolutely. And they do say throughout the statement here that uh their guidance moving forward does include any estimated impact of tariffs based on current trade policy. So always interesting to point that out during this volatile earnings cycle.