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Cisco Systems Delivers Record Q1 Results, Raises FY27 Outlook
Cisco reported record fiscal first-quarter adjusted earnings of $1.40 per share and revenue of $18.52 billion. Networking revenue rose 43% to $11.13 billion, and the company raised its fiscal 2027 revenue forecast to $74.8–$75.8 billion.
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Updated:
What happened
Cisco reported record fiscal first-quarter adjusted earnings of $1.40 per share and revenue of $18.52 billion. Networking revenue rose 43% to $11.13 billion, and the company raised its fiscal 2027 revenue forecast to $74.8–$75.8 billion.
Confirmed
Global impact / market context
The stronger forecast suggests Cisco expects demand for networking equipment used in AI infrastructure to support higher sales. If customers continue buying, that can lift revenue and help Cisco sustain its recent earnings growth; weaker demand could make the raised targets harder to reach.
Analyst inference
The article links Cisco’s results to accelerating AI infrastructure demand, with networking revenue rising faster than total revenue. It also reports shares gained 1% in regular trading and another 1% after hours, while already up 30% year to date.
Confirmed
What to watch
- Check upcoming results for networking revenue growth and whether Cisco connects further gains to continued purchases of equipment for AI infrastructure. Analyst inference
- Compare reported fiscal 2027 revenue with the raised $74.8–$75.8 billion forecast; results below that range would indicate the target was missed. Analyst inference
- Watch for updates to adjusted earnings guidance, which is the company’s profit estimate excluding specified items; the article says it was raised but cuts off the new range. Confirmed