$CSCO Q3 EARNINGS HIGHLIGHTS 🔹 Revenue: $15.8B (Est $15.54B) 🟢; +12% YoY 🔹 Adj. EPS: $1.06 (Est $1.04) 🟢; +10% YoY 🔹 Product Orders: +35% YoY 🔹 Networking Product Orders: +50%+ YoY 🔸 AI Infrastructure Orders: FY26 expected orders raised to $9B from $5B FY26 Guide: 🔹 Revenue: $62.8B-$63.0B (Est $61.6B) 🟢 🔹 Adj. EPS: $4.27-$4.29 (Est $4.16) 🟢 Q4 FY26 Guide: 🔹 Revenue: $16.7B-$16.9B (Est $15.82B) 🟢 🔹 Adj. EPS: $1.16-$1.18 (Est $1.07) 🟢 🔹 Non-GAAP Gross Margin: 65.5%-66.5% 🔹 Non-GAAP Operating Margin: 34%-35% Other Metrics: 🔹 GAAP Gross Margin: 63.6% 🔹 Non-GAAP Gross Margin: 66.0% 🔹 Non-GAAP Operating Margin: 34.2% 🔹 Campus Networking Orders: +25%+ YoY 🔹 Data Center Switching Orders: +40%+ YoY 🔹 AI Infrastructure Revenue: FY26 expected revenue raised to $4B from $3B 🔹 RPO: $43.5B; +4% YoY Capital Return: 🔹 Shareholder Returns: $2.9B in Q3 🔹 Dividend: $0.42/share 🔹 Share Repurchases: $1.3B 🔹 Remaining Buyback Authorization: $9.6B Commentary: 🔸 “Cisco delivered record quarterly revenue in Q3 and we saw very strong, broad-based demand for our products, demonstrating the relevance of our technology for connecting and securing AI.” 🔸 “Cisco is well-positioned as the critical infrastructure for the AI era.”