Cisco Reports Record Q1 Revenue of $18.5 Billion, Raises FY27 Guidance

What happened

Cisco reported record first-quarter fiscal 2027 revenue of $18.5 billion, up 24% from a year earlier. It raised its fiscal 2027 revenue and non-GAAP earnings-per-share outlook, now expecting revenue of $74.8 billion to $75.8 billion and non-GAAP EPS of $5.47 to $5.53.

Confirmed

Global impact / market context

Higher revenue and profit, alongside a raised full-year outlook, suggest stronger expected sales and earnings for Cisco. Broad demand and growth in networking, security and AI infrastructure revenue could support that outlook, but the supplied figures do not establish how much of this growth will continue.

Analyst inference

Cisco’s results point to demand across several customer markets and product categories, rather than growth being limited to one area. Its higher AI infrastructure revenue expectation from hyperscalers—large providers of online computing services—also makes their spending an important contributor to Cisco’s outlook.

Analyst inference

What to watch

1. Check whether Cisco’s next reported revenue and earnings track its raised fiscal 2027 ranges of $74.8 billion to $75.8 billion and $5.47 to $5.53 per share. Analyst inference
2. Watch whether the expected $9 billion in fiscal 2027 AI infrastructure revenue from hyperscalers is achieved, since changes in their spending could affect Cisco’s sales. Analyst inference
3. Look for continued growth across networking, security, collaboration and observability, and across the Americas, EMEA and APJC, which Cisco reported as areas of broad demand. Analyst inference

Evidence

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