Highlights

  • AI infrastructure orders from hyperscalers climb to $2.1 billion in Q2.
  • EODHD/Others consensus target of $90 implies 43% valuation gap.
  • Silicon One shipments cross one-million milestone during the quarter.

Cisco Systems, Inc. (NASDAQ: CSCO) has moved deeper into the AI infrastructure build-out, with hyperscale customers placing $2.1 billion in orders during the second quarter of fiscal 2026, up from $1.3 billion in the previous quarter. The increase follows a strategic transition that began in 2018, when the company started separating hardware and software to align with hyperscaler requirements for customized networking environments.

Consensus Estimates and Share Price Performance

According to EODHD/Others (as of February 16, 2026), Cisco holds a Buy-equivalent consensus recommendation with a score of 2.12 and an average target price of $90, indicating a 43% difference from the latest trading level. The long-term growth rate is estimated at 8.0%.

The stock has recorded gains across multiple periods, including +2.966% over the past week, +3.291% in one month, +16.747% over three months, +20.708% over six months, +16.073% over nine months, and +20.791% over one year. Year-to-date performance stands at +9.368%. The shares have traded within a 52-week range of $52.10 to $88.18, with the high reached on February 10, 2026.

Silicon One and Product Cycle Momentum

Cisco shipped its one-millionth Silicon One chip during the quarter. The processors are deployed in both Cisco systems and third-party hardware and have become a core component of its hyperscaler engagement. The recently introduced G300 Silicon One chip delivers 102.4 Tbps bandwidth, while the P200 routing processors and new optics products form part of the next phase of the portfolio.

Order Pipeline Across Customer Segments

For fiscal 2026, Cisco expects more than $5 billion in AI infrastructure orders from hyperscalers and about $3 billion in related revenue. The projection excludes several newly launched products, which remain outside current order visibility. Beyond hyperscalers, the company reported $350 million in AI infrastructure orders from enterprise and neocloud customers in the second quarter, with a pipeline exceeding $2.5 billion.

Position in AI Data Center Networking

Cisco’s earlier move to allow its software to run on third-party hardware and its switches to operate with external software has enabled deeper participation in AI-driven data center spending. The model supports custom network architectures required for large-scale AI workloads and high-bandwidth connectivity.