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Cisco’s AI Orders Boom While Gross Margins Move the Other Way

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Cisco raised FY‑26 hyperscaler AI orders target to $9B and revenue to $4B, while Q3 non‑GAAP gross margin fell to 66.0% and product margin to 64.3%.

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Cisco raised FY‑26 hyperscaler AI orders target to $9B and revenue to $4B, while Q3 non‑GAAP gross margin fell to 66.0% and product margin to 64.3%.