# Cisco Shares Fall About 2% as Hardware Margins Draw Focus By John Kim Canonical URL: https://www.tokenpost.com/news/business/56556 Published: 2026-11-13T10:45:45.000Z Updated: 2026-11-13T10:45:45.000Z Section: Business > Cisco beat quarterly estimates and raised its fiscal-year AI infrastructure revenue target to $9 billion. Cisco shares fell about 2% in premarket trading Friday, Nov. 13, giving back after-hours gains following the company’s quarterly results as focus shifted to pressure on hardware margins. Cisco reported adjusted earnings of $1.40 per share, above the $1.33 analyst estimate. Revenue reached $18.5 billion, topping the $18.1 billion forecast. Its fiscal second-quarter outlook also exceeded estimates, with revenue projected at $18 billion to $18.2 billion and adjusted earnings of $1.34 to $1.36 per share. Analysts had estimated $17.88 billion in revenue and $1.23 per share in adjusted earnings. Cisco also raised its [fiscal-year target for AI infrastructure revenue from hyperscaler sales to $9 billion](). ## Links in this article - [fiscal-year target for AI infrastructure revenue from hyperscaler sales to $9 billion](https://www.tokenpost.com/news/business/56002)