Cisco Systems Inc (NASDAQ:CSCO) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the report.

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Cisco Q3 Earnings Highlights

Cisco posted third-quarter revenue of $15.84 billion, beating analyst estimates of $15.56 billion. The networking equipment company reported adjusted earnings of $1.06 per share for the quarter, beating analyst estimates of $1.03 per share, according to Benzinga Pro.

Total revenue was up 12% year-over-year as product revenue increased 17% and services revenue decreased by 1%. Product revenue growth was fueled by a 25% increase in Networking and a 3% increase in Observability. Collaboration product revenue was down 1% and Security product revenue was flat.

Cisco generated $3.8 billion in cash flow from operations during the quarter, down 7% year-over-year. The company ended the period with $16.6 billion in cash, cash equivalents and investments.

“Cisco delivered ...