Cisco, AMD, Bullish, Carlsberg and Aviva: Market Updates and Trends

Cisco beat Q4 earnings expectations with adjusted earnings of $0.99 and revenue of $14.67bn. The company's Q1 guidance for revenue and adjusted earnings also topped estimates. Advanced Micro Devices shares rose 5.4% after a deal with the White House on Chinese chip sales. Bullish, a crypto exchange, surged nearly 84% in its market debut and was up 11% on Thursday.

Cisco Systems, Inc. (CSCO) reported robust fourth-quarter (Q4) and fiscal year (FY) 2025 results, exceeding analysts' expectations. The company's revenue for Q4 was $14.7 billion, up 8% year-over-year (YoY), while adjusted earnings per share (EPS) came in at $0.99, surpassing the high end of its guidance range [1].

Cisco's Q4 performance was driven by strong demand for its technologies, with product orders up 7% YoY and AI infrastructure orders exceeding $800 million, more than doubling the original target of $1 billion [1]. The company's gross margin was 68.4% on a non-GAAP basis, at the high end of its guidance range, and non-GAAP EPS was $0.99, above the high end of its guidance range [1].

For the full year 2025, Cisco's revenue was $56.7 billion, up 5% YoY, and non-GAAP EPS was $3.81, an increase of 2% YoY [1]. The company's cash flow from operating activities for FY 2025 was $14.2 billion, an increase of 30% compared to FY 2024 [1].

Looking ahead, Cisco provided guidance for Q1 FY 2026, with revenue expected to be between $14.65 billion and $14.85 billion, and non-GAAP EPS projected to be between $0.97 and $0.99 [1]. For FY 2026, the company expects revenue to be between $59.0 billion and $60.0 billion, and non-GAAP EPS to be between $4.00 and $4.06 [1].

Cisco also declared a quarterly dividend of $0.41 per share, to be paid on October 22, 2025 [1]. The company returned $2.9 billion to stockholders through share buybacks and dividends in the fourth quarter of FY 2025 [1].

Cisco's strong Q4 and FY 2025 results, along with its positive guidance for the upcoming quarters, suggest that the company is well-positioned to continue its growth trajectory in the AI era. The company's focus on innovation and strategic investments is likely to drive durable, profitable growth and deliver shareholder value [1].

References:
[1] Cisco Reports Fourth Quarter and Fiscal Year Results for the Period Ended July 26, 2025. Cisco Newsroom. Retrieved from https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2025/m08/cisco-reports-fourth-quarter-earnings.html