智通财经网·2026-02-12 14:10Core Viewpoint - Cisco (CSCO.US) experienced a pre-market drop of over 6%, trading at $80.20, following a forecast for a decline in adjusted gross margin for Q3, indicating potential market caution due to lower profitability expectations and tariff impacts [1] Financial Performance - Cisco expects Q3 adjusted gross margin to be between 65.5% and 66.5%, reflecting a year-over-year decline of 2.1 to 3.1 percentage points, which is an increase in the decline compared to the previous quarter [1] - In Q2, Cisco reported a non-GAAP gross margin of 67.5%, down 1.2 percentage points from 68.7% in the same period last year [1] Market Impact - The guidance for lower gross margin ranges and explicit inclusion of tariff impacts in EPS and margin forecasts may lead to a more cautious pricing framework in short-term trading [1] - Cisco is increasing expenditures to develop new AI products, while the tech industry faces threats from memory chip shortages, contributing to rising costs [1]