Cisco Shares Surge in Pre-Market Trading on Earnings Beat, Guidance Raise

Published: 2026-05-14 06:51:14 ET CSCO

Published on 05/14/2026 at 06:51 am EDT

By Julia Fadi Nasser

Cisco shares jumped in pre-market trading after the company reported market-beating earnings, raised its guidance and changed its pricing model to help ease volatile hardware component costs.

Shares were up 16% at $118.85 in pre-market trading.

The technology conglomerate said late Wednesday that it saw increased demand for artificial intelligence and other technology infrastructure. Total product orders rose 35% in the third quarter of the fiscal year.

The company saw double-digit increases in all geographic segments and the rates are accelerating, Chief Financial Officer Mark Patterson said on a call with analysts.

It now forecasts revenue for the year ending in July to be between $62.8 billion and $63 billion, compared with $61.2 billion to $61.7 billion as guided for in February.

The company also lowered the notice period for price increases to 15 days, from 30 days, and reduced the validity period of old price quotes to 15 days from 20 to 45 days. The moves protect Cisco's margins from exposure to cost increases.

"[We] basically cut the time in half or maybe even a little bit better, and that's really helped us," Patterson said.

Write to Julia Fadi Nasser at [email protected]

(END) Dow Jones Newswires

05-14-26 0650ET