By Diego Almada Lopez
Publication Date: 2026-11-12 21:23:00
The networking giant raised its fiscal 2027 revenue outlook to as much as $75.8 billion as demand for AI infrastructure continues to accelerate.
Cisco Systems reported record revenue of $18.5 billion for the first quarter of fiscal 2027, up 24% from $14.9 billion a year earlier, as growing demand for AI networking equipment fueled sales.
The company posted adjusted earnings of $1.40 per share, exceeding analysts’ expectations of approximately $1.33, while revenue surpassed estimates of $18.1 billion.
Networking revenue surged 43% to $11.1 billion, supported by increased spending on data center infrastructure and connectivity equipment. Total product orders rose 32% from a year earlier.
Cisco also raised its full year fiscal 2027 revenue forecast to between $74.8 billion and $75.8 billion, up from its previous projection of $72.2 billion to $73.4 billion.
The company now expects adjusted earnings per share of $5.47 to $5.53 for the fiscal year, compared…