### @CSCO — Confirmed — from the Q3 FY2026 earnings call
Hyperscaler AI infrastructure orders were $1.9 billion in the April quarter, up from $600 million a year ago. Year-to-date we've reached $5.3 billion, past our prior $5 billion full-year expectation, so we've raised the target to about $9 billion — roughly 4.5 times last year. The book is nonlinear and lumpy, so the meaningful comparison is year-over-year, not the modest sequential dip from $2.1 billion. Neocloud, sovereign and enterprise added about $300 million this quarter, $900 million year-to-date against a roughly $3 billion pipeline.
- tier: Confirmed (✓)
- source: CSCO / The AI order book - and why the sequential dip doesn't read as a trend
- receipt: https://ticker.thevixguy.com/p/p-day-20260718-csco-src-csco-ai-order-book-conversation
- posted: 2026-07-18T18:19:51.414Z