International Perspective · August 13, 2026
① Cisco Posts Record Q4: Revenue $17.3B (+18% YoY), AI Infrastructure Orders Hit $9.3B for FY2026 [详见中文版] — Cisco reported FY2026 Q4 results: Q4 revenue $17.3B (+18% YoY, record), non-GAAP EPS $1.22 (+23% YoY); full-year revenue $63.3B (+12%). Q4 product orders +35% YoY (+25% ex-hyperscalers); networking product orders +40% YoY, the 8th consecutive quarter of double-digit growth. AI infrastructure orders reached $9.3B for FY2026 (with $4B in Q4 alone); Cisco recognized ~$4B AI revenue in FY2026 and guides $7.5B for FY2027. Q1 FY2027 guidance: revenue $18.0-18.2B; FY2027 guidance $72.2-73.4B. (Cisco IR / PRNewswire)
② Coherent Q4 Revenue +34% to $2.05B, Orders Booked Through 2028; Shares Slip on Rich Valuation [详见中文版] — Coherent reported FY2026 Q4 results: revenue $2.05B (+34% YoY, +42% pro forma), non-GAAP gross margin 40.2% (+215 bps), non-GAAP EPS $1.74 (+74% YoY). Both Q4 results and the new fiscal-year guidance beat Wall Street expectations; management cited exceptionally strong demand with orders booked through 2028. Shares fell in after-hours trading as the market had already priced in the strength. (Coherent IR / 腾讯新闻)
③ Tencent Q2 Capex Jumps 176% YoY to RMB52.8B on AI Build-Out; H1 Spend Reaches RMB84.7B [详见中文版] — Tencent reported 1H2026 results (ended June 30): Q2 revenue RMB204.8B (+11% YoY), net profit RMB56.0B (+0.7% YoY, below the RMB58.4B consensus), non-IFRS net profit RMB68.4B (+9% YoY). H1 capex reached RMB84.72B (+82% YoY), with Q2 capex alone at RMB52.78B (+176% YoY). Net cash fell to RMB58.19B from RMB146.86B at end-Q1, mainly on capex payments and dividends. (Tencent IR / HKEX)