MoneyThe story, in brief
Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance
Cisco beat earnings and raised guidance on AI infrastructure demand. Investors still sold. Here's what the market is pricing in.
The KeyNews take
Why it matters
A major infrastructure vendor's earnings reveal investor expectations for AI capex are even higher than the company's bullish outlook — a signal about the scale and velocity of the compute buildout.
The key facts
9 to knowCisco beat earnings expectations
Guidance raised despite beat
Stock fell 9% on results
AI infrastructure demand cited as growth driver
Market repricing AI capex expectations upward
Cisco reported earnings beat
Guidance exceeded expectations
Stock declined 9% post-earnings despite beat
Date: August 13, 2026
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Cisco is showing booming demand for AI infrastructure, but its results weren't good enough to satisfy investors.