CSCO · 10-K · 2026A · Full report
AI Infrastructure Demand
CISCO SYSTEMS, INC. · 2026-09-02 · Importance 75 · Surprise 64 · In source text
Cisco reported strong fiscal 2026 demand for AI infrastructure from hyperscaler customers, which represented approximately 6% of total revenue versus less than 2% in fiscal 2025. Management expects hyperscaler AI infrastructure demand to remain a significant driver in fiscal 2027. Americas growth was led by the Service Provider and Cloud customer market, largely driven by AI Infrastructure solutions. Networking product revenue increased 22%, primarily due to Cisco Silicon One-based systems and optics, with additional growth in data center switching.
Key facts
- Hyperscaler customers represented approximately 6% of total revenue in fiscal 2026 compared with less than 2% in fiscal 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Hyperscaler customers represented approximately 6% of total revenue in fiscal 2026 compared with less than 2% in fiscal 2025. |