CLAIM #17859 · Cisco Systems Inc (CSCO) · 2025Q4 earnings call · Aug 13, 2025

“I would lean towards looking for that even the order flow to be sort of middle year into the second half, and then revenue would follow.”

Charles Robbins · CEO

How to check this claim

Look at: Order flow / order intake from sovereign AI deals in Europe, Middle East, Africa

It came true if: Meaningful order flow from announced sovereign deals materializes between mid-2026 and second half of fiscal 2026, with associated revenue recognized afterward

Where: Management commentary on quarterly earnings calls (order/revenue references to sovereign AI deals)

Knowable after: 2026-07-31

In context

“of things going on. Number one, there's a lot of focus on sovereignty and a lot of focus on building out their own tech stack and tech solutions. In many cases, they are very keen on having on-prem solutions like think on-prem Splunk or on-prem WebEx from a sovereignty and geopolitical perspective, that's just where they're going. So we think the opportunity there and the defense spending and everything else, we think that will continue to be a good opportunity for us in Europe. In that space, obviously, in Europe, Middle East, Africa, we've got a couple of sovereigns that we've announced. And we have not taken any orders from them yet. We've been in the planning phases with them. They're obviously working through getting the licenses for the GPUs. And we sort of expect that's going to -- I would lean towards looking for that even the order flow to be sort of middle year into the second half, and then revenue would follow. Ahmed Sami Badri: Thank you, Adrienne. Michelle, can we move to the final question from the analyst queue. Operator: Thank you. Sebastien Naji with William Blair. . Sebastien Cyrus Naji: William Blair & Company L.L.C., Research Division My first question is on the back-end AI network opportunity, but maybe a little bit more longer term. There's a lot of chatter from your main silicon competitor about new chips that are going to enable Ethernet for scale-up connectivity. So within the racks, I wanted just to ask what your expectations are for Ethernet and scale up going forward and if we should expect new Silicon One announcements tailored to that opportunity? And then my second question is just on the campus network. You announced the integration of Meraki and Catalyst platforms at Cisco”

Verify independently

SEC filings for CSCO ↗ · Quote is verbatim from the 2025Q4 earnings call.