By Mike Johnson
Publication Date: 2025-11-20 05:57:00
In a resounding affirmation of its pivot to artificial intelligence infrastructure, Cisco Systems Inc. delivered a stellar first-quarter performance for fiscal 2026, surpassing Wall Street expectations and signaling robust demand from hyperscalers. The networking behemoth reported revenue of $14.9 billion, an 8% year-over-year increase that beat estimates, driven largely by a 15% surge in its networking segment fueled by AI-related orders. Adjusted earnings per share came in at $1.00, up 10% from the prior year, also topping forecasts.
CEO Chuck Robbins highlighted the company’s momentum in AI infrastructure during the earnings call, noting that Cisco secured over $1.3 billion in AI orders from hyperscalers alone in the quarter. This figure contributes to an expectation of more than $3 billion in AI infrastructure revenue for the full year, underscoring Cisco’s growing role in supporting the data center needs of cloud giants like Amazon, Google, and Microsoft. The…