CLAIM #17934 · CSCO (CSCO) · 2026Q3 earnings call · May 13, 2026 · due Jul 31, 2027
“The rest of the portfolio, I think it's reasonable to assume it grows in line with our long-term model.”
Mark Patterson · CFO
How to check this claim
Look at: Revenue growth rate of the non-AI-hyperscale portion of the portfolio (total revenue less AI hyperscale revenue), FY2027 vs FY2026
It came true if: Non-AI-hyperscale revenue growth within the company's long-term model range (approximately 5%-7%)
Where: Company FY2027 10-K / earnings call commentary breaking out AI hyperscale vs. total revenue
In context
“tailwinds and very pleased with the growth that we're seeing. Q4, as you mentioned, 14.5% top line growth and even higher than that on the bottom line. So really good signs. I think as you look to next year, we'll look to talk in more details and specifics as we close out FY '26, and we'll give you a more firm guide. But in terms of the durability, I think there's a couple of things to be thinking about that might help you as you look at FY '27. I think the first thing is just it's probably -- so just kind of separating the AI hyperscale business from the sort of rest of the portfolio, if you will. I think on the AI hyperscale side, it's probably reasonable to expect that we would recognize at least $6 billion of revenue in FY '27. Again, we'll have a more formal guide for you in 90 days. The rest of the portfolio, I think it's reasonable to assume it grows in line with our long-term model. And remember, the long-term model that we gave you initially, that included all the AI hyperscale opportunity as well. And so I think the balance of the portfolio could grow and it's reasonable to assume it will grow in line with that guide. Charles Robbins: Thanks, Mark. Hang on, I need to answer the second question. So on the Silicon One, the P200 wins in particular, so let me just clarify a little bit about this. So during Q3, we were awarded by two different hyperscalers P200 design wins, which is our product -- our silicon that goes into our product that is used for scale across applications. So these were our first scale across wins. Just in addition to that, in the first week or two of this quarter, we won a third hyperscaler's P200 design win for scale across as well. So we're rea”
Verify independently
SEC filings for CSCO ↗ · Claim quote is verbatim from the 2026Q3 earnings call.