Keep pulling the thread on Chuck Robbins.
In its most recent quarter, Cisco's product orders increased by 35%.
In its most recent quarter, Cisco's networking orders increased by more than 50%.
Cisco's CEO Chuck Robbins stated that without its custom silicon strategy, the company would have zero revenue from hyperscalers.
Chuck Robbins asserts that companies without their own silicon will not be able to sell to hyperscalers as the market moves to open-source software.
Cisco secured five new design wins with hyperscalers in its most recent quarter.
Cisco's hyperscaler revenue reached $5.3 billion after three quarters, exceeding its initial full-year target of $5 billion.
Cisco has raised its annual hyperscaler revenue estimate to $9 billion.
Cisco's revised guidance implies an expected $3.7 billion in hyperscaler revenue for the current quarter.
Cisco is reallocating resources from a recent layoff of 4,000 people to increase funding in silicon, optics, AI solutions, and security.
Chuck Robbins believes the technology industry is currently entering a "networking supercycle."
Cisco's Silicon One strategy allows the company to control more of its supply chain.
Hyperscale companies desire silicon diversity and want to source chips from multiple vendors.