Cisco beat Q3 estimates with $15.84 billion in revenue vs the expected $15.56 billion. The stock rose 17% in premarket trading. They are cutting about 4,000 jobs, which is less than 5% of their workforce. The restructuring is meant to shift their focus toward AI. They already took in $5.3 billion in AI infrastructure orders this year and raised their full-year expectation to $9 billion. Networking product orders are also up over 50% from last year.