Mark Patterson

“Starting in its new fiscal year at the end of July, Cisco (No. 83 on the Fortune 500) is rolling out AI agents to its approximately 90,000 employees.”

“While a typical chat may use a few thousand tokens, complex agent tasks can consume hundreds of thousands to millions in a single run.”

“I’d say 80%-90% of the first draft, at least, is now done by AI.”

“Cisco’s stock has climbed about 53% year to date in 2026”

“trading around $117 in late June.”

“Cisco reported $2 billion in orders in fiscal year 2025”

“has raised its fiscal year 2026 guidance to $9 billion”

“Patterson said that 80–90% of the first draft of MD&A filings, the mandatory narrative section in public company reports—is now generated by AI.”