Cisco Posts 35% Product Order Growth, Declares 'Networking Supercycle' Underway

Cisco reported Q4 FY2026 revenue of $17.3 billion on August 12, with total product orders up 35% year over year. The company characterized a "networking supercycle" as underway, signaling it expects elevated demand to persist beyond a single quarter. Product orders outpacing recognized revenue implies a growing forward demand pipeline for the networking giant.