智通财经APP获悉，思科(CSCO.US)将于周三美股盘后公布2026财年第二季度业绩。华尔街分析师预测， 每股收益为1.02美元，同比增长8.5%。营收预计将达到151.2亿美元，较去年同期增长8.1%。 在互联网泡沫破裂后的多年停滞之后，思科的复苏得益于其成功的业务多元化，通过收购Webex、 AppDynamics和Splunk等公司，成功实现了从网络硬件到软件和服务领域的多元化发展。此外，过去一年 来，思科的股价表现优于大盘，持续受益于人工智能投资周期，其中最引人注目的是其获得了13亿美元的 人工智能基础设施订单。 投资者将关注管理层对公司人工智能基础设施业务发展势头及其积压订单的评论。截至10月底，公司剩余 履约义务(RPO)为429亿美元，同比增长7.2%。 上周，瑞银分析师David Vogt重申了对思科的"买入"评级，目标价为90美元。根据行业调查，这位分析师预 计，在核心企业市场改善的推动下，思科的营收将高于他此前预测的150.5亿美元。Vogt预计，产品订单量 将实现接近两位数的增长，而上一季度的增幅为13%。 尽管人工智能订单难以预测，但Vogt指出，思科的主要人工智能合作伙伴之一Met ...

思科全球副总裁兼大中华区首席执行官黄志明在接受中国经济网专访时表示，面对地缘政治带来的不确 定性，思科将以技术深耕和战略调整应对，特别是在AI驱动的网络与安全领域加大投入，助力中国企 业全球化与数字化转型。 摄像：张鹏 李维 他透露，帮助中国企业出海已成为思科在华业务的重要增长点，相关业务占比已超过30%。 记者：李方 制作：王凯 0:00 全球贸易格局加速重构，全球科技解决方案龙头思科持续深耕中国市场。 出品：中国经济网 （责任编辑：韩璐) ...

Group 1 - The core viewpoint of the article highlights the new opportunities for foreign investment in China as outlined in the "15th Five-Year Plan," which emphasizes creating new advantages for attracting foreign capital and improving the service guarantee system for foreign investment [1] - Cisco's Global Vice President and CEO for Greater China, Huang Zhiming, stated that the plan brings new development opportunities for foreign enterprises, including Cisco, as more multinational companies establish regional headquarters and global service centers in China [1] - Cisco has established research and development centers, technology bases, supply chain centers, and global service centers in China, with its R&D center being the third largest after the United States and India [1]

Core Viewpoint - Cisco is committed to deepening its presence in the Chinese market, which is deemed crucial for the company and other global enterprises pursuing globalization [1]. Group 1 - Cisco has been operating in the Chinese market for 32 years [1]. - The company has established research and development centers, technology bases, supply chain centers, and global service centers in China [1]. - Cisco's operations in China not only serve local customers but also empower its global business [1].

Core Viewpoint - Cisco emphasizes its commitment to the Chinese market despite geopolitical challenges and technological transformations, focusing on AI-driven networking and security to support the globalization and digital transformation of Chinese enterprises [1][3]. Group 1: Investment and Market Strategy - Cisco has been deeply investing in China for 32 years, establishing R&D centers, technology bases, supply chain centers, and global service centers that not only serve Chinese clients but also empower global operations [3]. - The Chinese R&D center is Cisco's third-largest after the U.S. and India, employing around 4,000 people, with approximately half in R&D and nearly 1,000 in the supply chain team [3]. - Cisco's business helping Chinese companies expand overseas has become a significant growth area, accounting for over 30% of its operations in China [3]. Group 2: AI and Technological Development - Cisco plans to increase investment in networking and security to support the infrastructure needed for AI advancements, ensuring that networks can handle the ongoing upgrades in AI computing power [5]. - The company believes that the diverse ecosystem in China fosters innovation in AI, contrasting with the U.S. market dominated by a few large firms [5]. - Cisco is actively promoting digital transformation among its employees through monthly AI sharing sessions, internal training, and pilot tools to enhance productivity and innovation [6]. Group 3: Future Outlook - By 2030, the importance of networking and security will further increase in the AI era, with Cisco planning to invest in quantum networking research to achieve significant advancements in performance and speed [6]. - Cisco aims to integrate security comprehensively into network environments, enabling automated detection and defense mechanisms [6]. - The company is committed to leveraging its technological advantages to assist Chinese enterprises in achieving global development and contributing to a shared future for humanity [6].

Core Viewpoint - The recent decline in global software stocks is driven by fears that AI will replace existing software tools, particularly following the release of Anthropic's Claude update, which showcases unprecedented automation capabilities [1][5] Group 1: AI's Role in Software - Huang Renxun asserts that AI will not reinvent tools but will utilize existing, proven software through APIs and functional combinations [2][4] - The fundamental change is not the replacement of software but the transformation of users from humans to AI [3][6] - AI's ability to perform tasks autonomously, such as filling forms and writing code, marks a significant advancement in technology [8] Group 2: Software as a Learning Platform - Future software will evolve from being mere tools to becoming platforms for AI's continuous learning, accumulating experience with each use [10][13] - Software must adapt to real-time generation based on AI's intentions, moving away from pre-recorded actions [11] - The most valuable aspect for companies will be the questions posed by AI, representing their challenges and strategic directions [12] Group 3: Software Requirements for AI Integration - Software suitable for AI must be capable of high-frequency calls and have API interfaces for programmatic access [15][17] - The shift in software value standards emphasizes the need for tools that can be easily integrated into AI workflows [16][19] - Companies are encouraged to assess their existing tools for API capabilities and consider enhancing those that lack such features [17]

Core Viewpoint - Cisco's CEO Chuck Robbins warns that while generative AI will ultimately produce winners, the journey will be chaotic, with many companies likely to fail before the successful ones emerge [1][3]. Group 1: Market Dynamics - Robbins states that the impact of AI will be "greater than the internet," but the current market may be experiencing a bubble, with some companies unlikely to survive [1][3]. - He compares the current AI landscape to the internet bubble of 2000, suggesting that while there may be a bubble, successful companies will eventually emerge [3]. Group 2: Employment Implications - AI is expected to change or eliminate certain job roles, particularly in customer service, leading to a need for fewer employees [1]. - Robbins emphasizes that workers should embrace AI rather than fear it, as those skilled in using AI will have a competitive advantage in the job market [1][3]. Group 3: Security Concerns - AI poses threats to cybersecurity, making attacks more powerful and phishing attempts more convincing [3].

蓝思科技 20260127 摘要 蓝思科技已成为北美 A 客户折叠屏产品 UTG 玻璃的全球独供，并为北美 T 客户提供汽车中控屏等产品，2024 年对 T 客户收入超 50 亿元，预计 2026 年将增长。 蓝思科技自 2023 年起成为北美 S 客户火箭项目一级供应商，提供地面 接收终端精密结构件，预计 2025 年对 S 客户销售额接近 3 亿元，并积 极开发航天级 UTG 玻璃等产品。 航天级 UTG 玻璃在透光率、防高能射线及使用寿命上优于 CPI 膜，使用 寿命可达 10-15 年，成为下一代卫星研发的首选材料。 下一代卫星对 UTG 柔性玻璃需求巨大，单颗北美 V3 卫星面积约 500 平 方米，国内第二代卫星面积约 100-200 平方米，全部使用 UTG 玻璃需 求或达千万平米级别。 蓝思科技泰国和越南工厂已接受 S 客户审厂，北美 A 客户的大规模订单 将推动 UTG 首次进入大规模量产阶段，预计今年出货 20 万平方米，明 年增至 100 万平方米。 蓝思科技在消费电子 UTG 后道加工领域领先，竞争对手在技术和规模上 均逊于蓝思科技，大规模订单将巩固其全球领先地位。 蓝思科技目标成为机 ...

Group 1 - The CEO of Synopsys, Sassine Ghazi, indicated that the price increase and shortage of memory chips are likely to persist until 2027, driven by the demand from AI infrastructure [2] - The surge in demand for memory chips is attributed to the ongoing investment of billions of dollars into data center infrastructure, leading to unprecedented price increases in semiconductors, which are expected to continue this year [2] - Major memory chip manufacturers like Samsung, SK Hynix, and Micron are working to expand production, but it will take at least two years to achieve increased output, contributing to the ongoing supply constraints [2] Group 2 - The rising prices of memory chips may force consumer electronics companies to consider raising prices for end products, with Xiaomi predicting an increase in smartphone prices by 2026 [3] - Lenovo's CFO, Winston Cheng, expressed confidence that the company can pass on the rising costs due to strong demand for memory chips, supported by a diversified global supply chain [3] - Cheng noted that the consumer electronics sector is experiencing some impact on price demand, particularly affecting low-end products, while users are still upgrading to Windows 11 [3]

Evercore ISI将思科的目标价从80美元上调至100美元，评级从"与大市同步"上调至"跑赢大市"。(格隆 汇) ...