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The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs.

Cisco Systems (NASDAQ:CSCO) reported third-quarter financial results on Wednesday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. View the webcast at https://events.q4inc.com/attendee/657245031 Watch the full earnings call below: Summary Cisco Systems reported record Q3 revenue of $15.8 billion, up

Investing.com -- Cisco Systems on Wednesday said that it was restructuring its business to focus on growth areas, including AI after it posted record revenue in its third quarter earnings, sending its shares up 11% in extended trading.

16% That’s how much Cisco Systems’ shares were up recently in after-hours trading following the company’s Wednesday announcement that it was cutting jobs as part of shift toward high-growth parts of its business, including artificial-intelligence infrastructure.

The S&P 500 and Nasdaq ran higher, led by Google, Nvidia, Tesla and other titans. Cisco earnings beat while AI chipmaker Cerebras will price its IPO.

Cisco Systems' (CSCO) fiscal third-quarter results exceeded Wall Street's estimates, while the netwo

Cisco reported fiscal Q3 earnings and revenue that topped estimates. Cisco stock, which hit a record high on Wednesday, climbed on the news.

(Updates with details of restructuring plan and dividend in the eighth and ninth paragraphs.) Cis

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. Cisco Systems stock is approaching key resistance levels. What’s driving CSCO to record levels? 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 quarte

Cisco earnings are coming after the close. Memory costs have been surging, and that’s hurt tech hardware companies’ margins.

Cisco Systems, Inc. will release earnings for its third quarter after the closing bell on Wednesday, May 13. Analysts expect the company to report quarterly earnings of $1.04 per share, up from 96 cents per share in the year-ago period....

June S&P 500 E-Mini futures (ESM26) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.79% this morning, buoyed by gains in technology stocks, while investors gear up for crucial U.S. producer inflation data and the highly anticipated Trump-Xi summit.

U. S. stock index futures traded near unchanged levels on Wednesday as investors monitored President Donald Trump’s upcoming trip to China and prepared for another round of corporate earnings and economic developments.

After Tuesday’s inflation report, focus turns to President Trump’s long-awaited visit to China, with the Iran war and tariffs likely to be central topics. Meanwhile, the OpenAI-Elon Musk trial continues in California and earnings are expected from companies including Cisco Systems.

Although Wall Street is sitting at fresh record highs, with the benchmark S&P 500 up 8% year to date and the technology-packed NASDAQ Composite riding a relentless AI capex wave, the bond market is telling a very different story this week. Per CME FedWatch as of late Monday, market-implied odds of a Federal Reserve rate ... Rate Cut Odds Just Collapsed to 5%. History Says This Is When Record Highs Get Tested.

Options traders believe Cisco stock will extend gains after Q3 earnings on May 13. Freedom Capital’s Jay Woods also remains bullish on CSCO shares heading into the earnings print.

Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.

The software giant has pulled back from this record, however

Cisco is due to release its quarterly results after Wednesday's closing bell, and traders are pricing in a big move for the stock by the end of the week.

CSCO heads into May 13 results with strong AI networking demand, but rivals ANET, DELL and HPE keep competitive pressure on.

(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook, Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold,

More than a dozen top U.S. business leaders will travel to China for President Trump’s visit this week with Chinese President Xi Jinping, representing various American industries from finance to manufacturing.

Markets Await Key Inflation Data This Week.

Elon Musk, Apple's Tim Cook, GE Aerospace's Larry Culp and ‌Boeing's Kelly Ortberg will join U.S. President Donald Trump on his visit ‌to China this week, a White House official told Reuters. Others taking part include Meta's Dina ​Powell McCormick, Blackrock's Larry Fink, Blackstone's Stephen Schwarzman, Cisco's Chuck Robbins, Micron's Sanjay Mehrota, Mastercard'ss Michael Miebach, Qualcomm's Christiano Amon and Visa's Ryan McInerney, the official said.

US markets head into the new week with inflation data, AI enthusiasm, and a fresh batch of corporate earnings all competing for investors’ attention after major indexes recently pushed back toward record highs. The biggest event on the calendar will arrive Tuesday with the April Consumer...

We'll see new inflation data the same week the Senate is likely to confirm Kevin Warsh - an advocate of cutting interest rates - as Fed Chair.

US equity investors will look out for consumer price inflation as hopes diminish for a return to Ira

The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.

The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.

The pace of first quarter earnings reports eases this week as economic data takes center stage, but investors will still be on the lookout for results from a handful of big corporations.