Cisco Executives, Including CEO, Sell Millions in Shares Amid AI Infrastructure Boom

Cisco Systems, Inc. (NASDAQ: CSCO), an American network equipment provider, disclosed that on February 13 and 19 three of its senior executives—including Chairman and CEO Charles Robbins—sold shares of the company’s common stock in the open market under pre-established Rule 10b5-1 trading plans. Robbins disposed of approximately $1.5 million worth of shares, Chief Product Officer Jitendra Patel sold about $850,000, and Executive Vice President of Operations Timaya Subayya offloaded roughly $800,000. Despite these transactions, each executive still holds several hundred thousand Cisco shares.

In its fiscal 2026 second-quarter earnings report, Cisco announced revenue of $15.3 billion and revealed $2.1 billion in AI infrastructure orders, while raising its quarterly dividend to $0.42 per share. The company also said it is expanding its Silicon One chips and its AI-driven networking and security product portfolio, further strengthening its AI networking and security platform through strategic partnerships.

Founded in Silicon Valley in 1984, Cisco is a global network infrastructure company that supplies routers, switches, security, collaboration and cloud-networking solutions to enterprises and service providers worldwide. Since taking the helm in 2015, CEO Charles Robbins has steered the company from a traditional hardware-centric model toward software- and subscription-based offerings, as well as AI infrastructure and security businesses.