Cisco shares slump over 10% as tepid outlook offsets earnings beat

Cisco shares fell more than 10% in after-hours trading after the company topped quarterly estimates but issued guidance that only aligned with projections. The company reported $1.04 in adjusted EPS on $15.35 billion in revenue and forecast $1.02–$1.04 EPS with $15.4–$15.6 billion in sales, while noting $2.1 billion in AI infrastructure orders.