### @CSCO — Confirmed — from the Q3 FY2026 earnings call
Cisco's hyperscaler AI infrastructure orders were $1.9 billion in the quarter ending April 2026, compared with $600 million a year earlier. Year‑to‑date we’re at $5.3 billion, already past our prior $5 billion full‑year guide, so we’ve lifted the full‑year target to about $9 billion — roughly 4.5 times last year. Management notes the book is nonlinear and lumpy, so the meaningful comparison is year‑over‑year and YTD, not the modest sequential dip from $2.1 billion.
- 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-20260725-csco-src-csco-ai-order-book-conversation
- posted: 2026-07-25T04:17:53.321Z