Cisco posts record quarter, raises full-year guidance

Cisco reported record first quarter revenue of $18.5 billion, up 24 percent year over year, with non-GAAP earnings per share of $1.40, up 40 percent, and raised its fiscal 2027 guidance.

Why it matters: Cisco said the quarter was its strongest revenue and non-GAAP earnings growth in over 15 years, and it now expects $9 billion of AI infrastructure revenue from hyperscalers in fiscal 2027, more than double the fiscal 2026 total.

Data as of Cisco's own earnings release, furnished as Exhibit 99.1 to its Form 8-K filed November 12, 2026, read in full. All figures are the release's own. Developing item.

Cisco reported first quarter fiscal 2027 revenue of $18.5 billion, up 24 percent year over year, for the period ended October 24, 2026, with GAAP earnings per share of $1.14, up 58 percent, and non-GAAP earnings per share of $1.40, up 40 percent. Networking revenue rose 43 percent, and the company said revenue, non-GAAP operating margin and non-GAAP earnings per share all came in above the high end of its guidance ranges.

Cisco raised its fiscal 2027 guidance to revenue of $74.8 billion to $75.8 billion and non-GAAP earnings per share of $5.47 to $5.53, and raised its expectation for AI infrastructure revenue from hyperscalers to $9 billion in fiscal 2027, more than double the total for fiscal 2026. Second quarter guidance is revenue of $18.0 billion to $18.2 billion.

Cisco posts record quarter, raises full-year guidance

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