CSCO · PEAD ↑ 100

Cisco Systems reported Q3 FY2026 EPS of $1.06 on 2026-05-13, beating the $1.04 consensus by $0.02 (+1.9%).

Print-day reaction was +2.6% versus the prior close, a measured initial move that gave little hint of what followed. The overnight gap into T+1 open was the real signal: +15.4%, an extraordinary after-hours surge that reset the stock's trading range entirely. Over the subsequent two sessions (T+1 close to T+3 close), price drifted an additional +2.9%, confirming the gap held and the move was not faded. Cumulative abnormal return of +19.7% versus SPY.US lands this decisively in PEAD long territory; the documented drift pattern holds through the window ending 2026-08-10.