Cisco CEO Sells Shares Worth 2 Billion Won Amid AI Surge

CISCO SYSTEMS, INC. (NASDAQ: CSCO) disclosed on February 13 that Chairman and CEO Charles “Chuck” Robbins sold approximately $1.46 million of Company stock—about 20 billion KRW worth—on the open market under a pre-arranged Rule 10b5-1 trading plan. On the same day, other senior executives, including the Chief Product Officer, also executed similar 10b5-1 plans to sell additional stakes worth several hundred thousand dollars; filings show they all continue to hold substantial remaining positions. Chief Accounting Officer Maria Victoria Wong disposed of a very small portion of her shares and still retains around 30,000 shares, making her sale modest relative to her total holdings.

In its February 11 release for the second quarter of fiscal 2026, Cisco reported revenue of $15.3 billion and adjusted earnings per share of $1.04—both ahead of consensus estimates. Nonetheless, concerns over rising memory costs driven by surging AI-infrastructure demand and potential margin pressure prompted a double-digit share-price decline, heightening short-term volatility. At the same time, Cisco unveiled its Silicon One G300 AI chip, new AI-powered threat-defense and SASE solutions, and “Agentic AI” networking and security products, along with related acquisitions and partnerships, underscoring an accelerated push into AI infrastructure and security.

Originally renowned as a global leader in network equipment, Cisco is evolving into a platform company spanning software, security, and observability, reinforcing its position as an AI-era infrastructure provider. In the latest filing, CEO Chuck Robbins is fronting the AI-infrastructure strategy while President Jeetu Patel leads the effort to establish an AI-native development culture—together driving Cisco’s growth narrative focused on AI-centric networking and security.