Cisco Q1 revenue beats on networking demand
CSCO•Cisco fiscal first-quarter revenue rose 24% to $18.5 billion, beating the $18.13 billion consensus, while adjusted EPS increased 40% to $1.40, above the $1.33 estimate. The company raised its FY27 revenue guidance to $74.8 billion-$75.8 billion and expects $9 billion in AI infrastructure revenue from hyperscalers.
1. Quarterly results
Cisco reported fiscal first-quarter revenue of $18.5 billion and adjusted EPS of $1.40, both above analyst estimates. Net income was $4.6 billion, and adjusted operating margin was 37.8%.
2. Outlook and demand
Cisco forecast second-quarter revenue of $18.0 billion to $18.2 billion and raised its FY27 revenue guidance to $74.8 billion-$75.8 billion. It expects FY27 AI infrastructure revenue from hyperscalers to reach $9 billion. Product revenue growth was led by networking, up 43% year over year, with double-digit revenue growth across geographies and customer markets.
