Cisco Forecasts Strong Q4 Revenue, Cuts Jobs as AI Demand Drives 56% Stock Rally
CSCO•CSCO•CSCO•CSCO•Cisco has projected robust fiscal Q4 revenue and initiated workforce reductions to realign around AI infrastructure demand. Shares have surged 56% in 2026, reclaimed their March 2000 peak and are set to outperform the Nasdaq 100 by the largest margin since 2006.
Cisco has announced workforce reductions to reallocate resources towards AI infrastructure development, signaling a strategic shift from traditional networking equipment to AI-focused solutions.
The company forecasted robust fiscal Q4 revenue, citing accelerating demand for AI servers and networking gear, marking its strongest outlook since its 2000 peak levels.
Cisco shares have rallied 56% year-to-date, surpassing their March 2000 highs and positioning the stock to outperform the Nasdaq 100 by the largest annual margin since 2006.
