🔹 Revenue: $14.70B (Est. $14.62B) 🟢; UP +8% YoY
🔹 EPS: $0.99 (Est. $0.98) 😐; UP +14% YoY
🔹 AI Infrastructure Orders: $800M in Q4; $2B for FY25 (2x original target)
FY26 Guidance:
🔹 EPS: $4.00–$4.06 (Est. $4.03) 😐
🔹 Revenue: $59.0B–$60.0B (Est. $59.5B) 😐
Q1 Guide:
🔹 Q1 Revenue: $14.65B–$14.85B (Est. $14.65B) 😐
🔹 Q1 EPS: $0.97–$0.99 (Est. $0.97) 😐
Other Metrics:
🔹 Adj. Operating Margin: 34.3%
🔹 Product Revenue: +10% YoY; Networking +12%, Security +9%
🔹 Services Revenue: Flat YoY
🔹 Cash & Investments: $16.1B
🔹 RPO: $43.5B; UP +6% YoY
🔹 Returned $2.9B to shareholders via buybacks & dividends
CEO Commentary:
🔸 “AI infrastructure orders more than doubled our target, highlighting a massive opportunity ahead as we lead the architectural shift for the AI era.”
🔸 “We remain focused on innovation, profitable growth, and delivering shareholder value in FY26.”
