Cisco reported a fourth quarter of declining revenue, although earnings beat analyst expectations. Cisco's adjusted earnings per share and revenue both exceeded analyst expectations. CEO Chuck Robbins noted a strong demand for AI infrastructure, with AI orders exceeding $300 million in the quarter. Cisco aims to earn $1 billion in AI orders this fiscal year, leveraging partnerships with Nvidia and other GPU providers. Cisco also adjusted its full-year guidance, which was up from prior estimates. Cisco's stock has risen 17 year-to-date and dropped over 2 in extended trading.