Cisco shares jump after Q3 earnings beat, higher FY26 outlook, and AI-focused restructuring plan

Cisco Systems (CSCO) is up 17.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Cisco’s fiscal Q3 2026 results, which showed double-digit revenue growth and an earnings beat, alongside higher full-year guidance. Investors also reacted to Cisco’s announcement of a new restructuring plan intended to redirect spending toward growth areas like AI, plus continued large capital returns via dividends and buybacks.

Details:

Cisco reported fiscal Q3 2026 revenue of $15.8 billion, up 12% year over year, with non-GAAP EPS of $1.06.

For fiscal 2026, Cisco raised its revenue outlook to a range of $62.8 billion to $63.0 billion, and guided to non-GAAP EPS of $4.27 to $4.29.

Cisco announced a restructuring plan to support investment in key growth priorities including silicon, optics, security, and AI, with expected pre-tax charges of up to $1 billion.

During fiscal Q3 2026, Cisco returned $2.9 billion to shareholders via dividends and repurchases, including a $0.42 quarterly dividend and about $1.3 billion of buybacks.

Sources:

Cisco Investor Relations, MarketScreener, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CSCO Insider Trading Activity

$CSCO insiders have traded $CSCO stock on the open market 46 times in the past 6 months. Of those trades, 0 have been purchases and 46 have been sales.

Here’s a breakdown of recent trading of $CSCO stock by insiders over the last 6 months:

CHARLES ROBBINS (Chair and CEO) has made 0 purchases and 11 sales selling 621,977 shares for an estimated $48,457,033.
JEETENDRA I PATEL (President and CPO) has made 0 purchases and 7 sales selling 175,144 shares for an estimated $13,615,054.
DEBORAH L STAHLKOPF (EVP and Chief Legal Officer) has made 0 purchases and 5 sales selling 172,585 shares for an estimated $13,449,622.
MARK PATTERSON (EVP and CFO) has made 0 purchases and 4 sales selling 73,808 shares for an estimated $5,708,649.
THIMAYA K. SUBAIYA (EVP, Operations) has made 0 purchases and 6 sales selling 69,760 shares for an estimated $5,466,599.
MICHAEL D CAPELLAS has made 0 purchases and 2 sales selling 27,000 shares for an estimated $2,084,854.
OLIVER TUSZIK (EVP, Global Sales) has made 0 purchases and 4 sales selling 21,925 shares for an estimated $1,723,944.
KRISTINA M JOHNSON sold 13,481 shares for an estimated $1,039,844
MARIA VICTORIA WONG (SVP & Chief Acctg Officer) has made 0 purchases and 6 sales selling 13,010 shares for an estimated $998,873.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CSCO Hedge Fund Activity

We have seen 1,664 institutional investors add shares of $CSCO stock to their portfolio, and 1,725 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL RESEARCH GLOBAL INVESTORS added 63,949,104 shares (+inf%) to their portfolio in Q1 2026, for an estimated $4,906,814,749
AUTO-OWNERS INSURANCE CO removed 51,277,890 shares (-98.7%) from their portfolio in Q1 2026, for an estimated $3,934,552,499
PRICE T ROWE ASSOCIATES INC /MD/ added 14,874,407 shares (+103.2%) to their portfolio in Q4 2025, for an estimated $1,145,775,571
FISHER ASSET MANAGEMENT, LLC added 14,113,710 shares (+442.7%) to their portfolio in Q1 2026, for an estimated $1,082,944,968
BLACKROCK, INC. removed 13,276,196 shares (-3.5%) from their portfolio in Q1 2026, for an estimated $1,018,682,519
SG AMERICAS SECURITIES, LLC removed 10,197,328 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $782,440,977
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 9,464,347 shares (-50.4%) from their portfolio in Q4 2025, for an estimated $729,038,649

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CSCO Government Contracts

We have seen $10,398,330 of award payments to $CSCO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

DOS REMOTE WI-FI MONITORING: $9,299,832
CISCO MAINTENANCE DELIVERY ORDER: INFINTEVISION/STRONGLEPTON: $787,809
CISCO MAINTENANCE TASK ORDER: $299,288
LICENSE FOR SLIDO AUDIENCE ENGAGEMENT PLATFORM TO SUPPORT INTERACTIVE Q&A, POLLING, AND REAL-TIME FEEDBACK ...: $11,400

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$CSCO Congressional Stock Trading

Members of Congress have traded $CSCO stock 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $CSCO stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 03/19 and 0 sales.
REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 02/02.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CSCO Analyst Ratings

Wall Street analysts have issued reports on $CSCO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 12/17/2025

To track analyst ratings and price targets for $CSCO, check out Quiver Quantitative's $CSCO forecast page.

$CSCO Price Targets

Multiple analysts have issued price targets for $CSCO recently. We have seen 6 analysts offer price targets for $CSCO in the last 6 months, with a median target of $95.5.

Here are some recent targets:

Amit Daryanani from Evercore ISI Group set a target price of $110.0 on 05/04/2026
Samik Chatterjee from JP Morgan set a target price of $96.0 on 04/16/2026
Matthew Niknam from Truist Securities set a target price of $94.0 on 03/31/2026
Mike Genovese from Rosenblatt set a target price of $100.0 on 02/12/2026
David Vogt from UBS set a target price of $95.0 on 02/12/2026
Meta Marshall from Morgan Stanley set a target price of $91.0 on 12/17/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.