Networking technology giant Cisco (NASDAQ:CSCO) will be reporting results this Wednesday after market hours. Here’s what to expect.
Cisco beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $14.15 billion, up 11.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter estimates but billings in line with analysts’ estimates.
Is Cisco a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Cisco’s revenue to grow 7.3% year on year to $14.64 billion, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cisco has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 0.7% on average.
Looking at Cisco’s peers in the it services & other tech segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Applied Digital’s revenues decreased 13% year on year, meeting analysts’ expectations, and EPAM reported revenues up 18%, topping estimates by 1.5%. Applied Digital traded up 31.3% following the results while EPAM was also up 4.4%.
Read our full analysis of Applied Digital’s results here and EPAM’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the it services & other tech stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. Cisco is up 4.1% during the same time and is heading into earnings with an average analyst price target of $72.91 (compared to the current share price of $70.60).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.