Cisco revenue jumps 24% to record $18.5B on AI networking demand

Cisco reported a 24% year-over-year revenue increase to a record $18.5 billion, driven by demand for AI networking infrastructure. The result underscores how heavily enterprise and hyperscaler spending is shifting toward AI-related hardware and connectivity. The beat matters for technology-sector earnings expectations, as it signals AI infrastructure budgets remain robust even as other IT categories face scrutiny. Investors will watch whether networking and AI infrastructure orders sustain this pace into coming quarters, and whether rivals confirm the same demand trend.