Cisco’s ‘record highs’ face AI earnings reality check

City AM — May 13, 15:07 PM

Cisco has benefited from a surge in spending on networking equipment https://www.cityam.com/wp-content/uploads/2026/05/cisco-logo-in-an-office.jpg?w=1107" />

Cisco is set to report its quarterly earnings after the bell on Wednesday, and Wall Street is looking for evidence that the software giant’s AI-fuelled rally still has legs.

Investors expect the Silicon Valley group to post third-quarter revenue of roughly $15.56bn (£11.52bn), up from $14.15bn a year ago, with earnings per share forecast at https://www.cityam.com/ciscos-record-highs-face-ai-earnings-reality-check/">[...]

Read full article at City AM →

Cisco to cut 4,000 jobs

Cisco Sales Forecast Tops Estimates, Will Cut 5% of Jobs Bloomberg — May 13, 20:46 PM
Cisco announces layoffs with Q3 results Seeking Alpha — May 13, 20:57 PM
Cisco Sales Forecast Tops Estimates, Will Cut 5% of Jobs 📹 Bloomberg — May 13, 20:48 PM · 5min
Earnings Snapshot: Cisco beats consensus for top and bottom lines; guidance blows past estimates Seeking Alpha — May 13, 20:19 PM
LinkedIn planning to lay off 5% of staff in latest tech sector cuts, source says The Straits Times — May 13, 23:20 PM