[Cisco Systems Q1 2027 Earnings Call] Cisco Raises FY2027 Revenue Outlook to $75B as AI Infrastructure Revenue Set to Double to $9B; Q1 Revenue Jumps 24% to Record $18.5B — BigGo Finance

Cisco Raises FY2027 Revenue Outlook to $75B as AI Infrastructure Revenue Set to Double to $9B; Q1 Revenue Jumps 24% to Record $18.5B

Cisco Systems delivered its strongest growth in more than 15 years, reporting record first-quarter fiscal 2027 revenue of $18.5 billion, up 24% year-over-year, and non-GAAP earnings per share of $1.40, up 40%. The results blew past the high end of management’s guidance and prompted the networking giant to significantly raise its full-year outlook.

“These are our strongest top and bottom line growth rates in over 15 years,” CEO Chuck Robbins declared on the earnings call. “We are demonstrating strong operating leverage and enhanced earnings power, with earnings growing faster than revenue.”

The headline story was AI infrastructure. Cisco now projects AI hyperscale revenue to reach $9 billion in fiscal 2027, more than double the prior year’s level, up from a previous target of $7.5 billion. AI revenue is expected to represent 12% of total revenue for the…