Full-Time
Posted on 8/21/2026
Networking hardware, security software, collaboration services
$272k - $449.5k/yr
Seattle, WA, USA + 5 more
More locations: Milpitas, CA, USA | Irvine, CA, USA | Ashburn, VA, USA | Arlington County, Arlington, VA, USA | Cary, NC, USA
Hybrid
Hybrid work is required at the selected hiring location.
Bachelor's, Master's, PhD
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Cisco designs and sells networking hardware, software, and services that help organizations connect, protect, and manage data. Its products include networking gear, security solutions, cloud services, and collaboration tools like Webex to support hybrid work. Cisco differentiates itself with a broad, integrated stack—routing and switching, security, cloud, and collaboration—that works together at scale. Its goal is to help customers securely connect people, devices, and applications, enabling reliable communication and digital transformation across enterprises of all sizes.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
1984
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Paid Vacation
Hybrid Work Options
Flexible Work Hours
Professional Development Budget
Cisco Systems trades near $111.61 following a 72.1% gain over the past year. The options market projects a one-standard-deviation band of $80 to $156.87 for contracts expiring in about a year, representing a potential 28.3% downside or 40.6% upside. The company closed fiscal 2026 with record revenue of $63.3 billion, up 12%, and has guided fiscal 2027 to $72.2 billion to $73.4 billion. AI infrastructure for hyperscalers supplied about 6% of revenue in fiscal 2026, up from less than 2% the previous year, with $9.3 billion in orders booked. Management projects $7.5 billion in AI infrastructure revenue for fiscal 2027. However, non-GAAP product gross margin fell 270 basis points in Q4 2026, mainly due to heavier hardware mix and memory costs.
Cisco Systems has shifted its investor narrative from subscription revenue to hardware growth driven by hyperscaler AI infrastructure orders. The company's subscription share of total revenue fell from 56% in late fiscal 2025 to 48% in Q4 fiscal 2026, not because subscriptions declined but because product revenue surged 24% year-over-year whilst services revenue remained flat at $3.8 billion. AI infrastructure now accounts for 6% of Cisco's $63.3 billion fiscal 2026 revenue, up from under 2% the previous year. The company secured $9.3 billion in AI infrastructure orders, split between Silicon One systems and optics. The hardware-heavy mix pressured non-GAAP gross margin, down 210 basis points to 66.3%, though operating margin expanded to 35.9% as hyperscaler business requires minimal incremental expense.
Cisco delivered 15% revenue growth in its latest quarter, beating the 9% analyst consensus, driven by triple-digit order growth from all four major hyperscalers in fiscal Q4. The company reported $4.0 billion in AI-related orders during the quarter and $9.3 billion across fiscal 2026. CEO Chuck Robbins told CNBC that AI-era data centre traffic runs 14 times higher than traditional cloud infrastructure. Hyperscalers now allocate approximately 13% of their capital expenditure to Cisco's addressable market. The company guided to $7.5 billion in AI infrastructure revenue for fiscal 2027. Despite the strong results, shares fell from $124 to $115, though analysts maintain a $133 consensus target with 17 buy ratings. Robbins characterised the AI networking buildout as a multi-year secular trend rather than a cyclical spike.
The US Department of Labor reported that the producer price index for final products remained unchanged in July, against expectations of a 0.1% increase. Core PPI rose 0.4%, exceeding the consensus estimate of 0.3%. Both headline and core PPI increased 4.7% annually. Crude oil prices fell around 2% after the International Energy Agency warned that global oil demand would decline more than previously forecast. The Strait of Hormuz remained blocked, with traffic falling to a three-month low. Following the inflation data and falling oil prices, yields on US government bonds declined, with the 10-year Treasury falling 2 basis points. Initial jobless claims rose to 209,000 for the week ended 8 August, above estimates of 203,000.
Cerebras Systems and Cisco Systems shares fell 13% and 8% respectively on Thursday despite reporting strong AI infrastructure demand and beating revenue expectations. Cerebras posted record revenue of $209.9 million, up 103% year over year, with remaining performance obligations reaching $25.4 billion. The company raised full-year guidance. Cisco booked $4 billion in hyperscaler AI infrastructure orders in the fourth quarter and reported revenue of $17.25 billion, up 18%, exceeding estimates. The company expects $7.5 billion in hyperscaler AI revenue for fiscal 2027. However, Cerebras's third-quarter guidance implied just 2.4% sequential growth, whilst core gross margin is expected to fall to 38% to 40%. Jake Behan from Direxion told Reuters that AI infrastructure companies are now judged on their "rate of acceleration", with strong results seen as confirmation rather than a new catalyst.