Companies/Cisco/infrastructure
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AI infrastructure orders

Hyperscaler AI infrastructure orders reached about $9.3 billion in fiscal 2026, with about $4 billion in the fourth quarter alone.

CSCO market data

The numbers

Hyperscaler AI infrastructure ordersAbout $4 billionQ4 FY2026 (quarter ended 2026-07-25) · source ↗
Hyperscaler AI infrastructure orders$9.3 billionFY2026 (ended 2026-07-25) · source ↗
Total product orders growthUp 35% (25% excluding hyperscalers)Q4 FY2026 (quarter ended 2026-07-25) · +35% · source ↗

What it is

Orders from hyperscale cloud operators for networking gear that connects AI accelerators, measured separately from Cisco's total product orders. The orders are lumpy and concentrated in a few customers, and Cisco reports them as a separate figure.

Why it matters to the stock. This is the single number that most directly shows whether Cisco's AI networking bet is converting to revenue. Q4 total product orders rose 35%, but only 25% excluding hyperscalers, so the hyperscaler share matters for the quality of the growth.

News

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Deal

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Cisco reported fourth-quarter fiscal 2026 revenue of $17.3 billion, up 18%, and non-GAAP EPS of $1.22, up 23%, both above Street expectations.

Earnings

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Earnings

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Capital

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Earnings