Cisco Reports Record Revenue Amid Margin Decline; Rheinmetall Sees Record Orders; Bayer Confirms Outlook
Cisco Systems achieved record revenue of $17.3 billion in Q4 2026, but shares fell 9% due to declining margins. Rheinmetall reported a record order intake of €11.4 billion, yet adjusted its revenue guidance downward due to a frigate program cancellation.
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Cisco Systems reported a revenue increase of 18% year-over-year, totaling $17.3 billion for Q4 2026, with adjusted EPS at $1.22. Despite this, shares dropped by 9% to around $113, attributed to a decrease in adjusted gross margin to 66.3%.
For the fiscal year 2027, Cisco projects revenue between $72.2 billion and $73.4 billion. In contrast, Rheinmetall's revenue surged 69% to €3.3 billion, with record order intake of €11.4 billion. However, the company adjusted its full-year revenue guidance down by €300 million to a range of €13.7 billion to €14.2 billion after the cancellation of a naval program.
Bayer reported Q2 revenue of €10.9 billion, confirming its full-year outlook. Market reactions indicate potential risks for Cisco and Rheinmetall, particularly amid changing governmental defense priorities.
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