Cisco Systems reports record fiscal 2026 results amid AI cost concerns

Cisco Systems reported record fiscal 2026 results, with revenue reaching $17.25 billion and earnings per share of $1.22, both exceeding analyst consensus estimates. Despite these strong figures, the company's stock experienced downward pressure, falling approximately 8.03% over a seven-day period. Investors have expressed concerns regarding product margin pressure and the rising costs associated with AI hardware.

In a separate regulatory filing, Cisco CEO Charles Robbins sold 21,628 shares of company stock on August 14th at an average price of $111.54, totaling approximately $2.41 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan. Following the sale, Robbins retains direct ownership of 602,710 shares.