CISCO REPORTS FIRST QUARTER EARNINGS
Key Highlights
- ➤Q1 revenue $18.5 billion, up 24% year over year
- ➤Q1 non-GAAP EPS $1.40, up 40% year over year
- ➤FY27 revenue guidance raised to $74.8 billion-$75.8 billion
- ➤FY27 non-GAAP EPS guidance raised to $5.47-$5.53
- ➤FY27 hyperscaler AI infrastructure revenue expectation raised to $9 billion
Expert Statements
Chuck Robbins, Chair and CEO of Cisco
“In Q1, we delivered the strongest revenue and non-GAAP earnings per share growth rates for Cisco in over 15 years,”
Chuck Robbins, Chair and CEO of Cisco
“Organizations are turning to Cisco for our trusted, market-defining technology and our expertise to help them scale, secure and optimize their environments for the agentic AI era.”
Chuck Robbins, Chair and CEO of Cisco
“We are in the very early stages of a multi-year networking supercycle, and we're confident in our ability to continue capturing the multi-billion-dollar opportunity it represents for Cisco.”
Mark Patterson, CFO of Cisco
“Q1 FY27 was another record quarter for Cisco, with revenue, non-GAAP operating margin, and non-GAAP EPS all exceeding the high end of our guidance ranges.”
Mark Patterson, CFO of Cisco
“The strength of our Q1 performance gives us confidence to raise our revenue and non-GAAP EPS guidance for FY27.”
Mark Patterson, CFO of Cisco
“As our business continues to scale, we are unlocking significant operating leverage which is enabling us to grow earnings much faster than revenue.”
Mark Patterson, CFO of Cisco
“Looking ahead, we remain focused on delivering durable growth and driving continued capital returns.”
* * Record revenue of $18.5 billion, up 24% year over year, record GAAP earnings per share of $1.14, up 58% year over year, and record non-GAAP earnings per share of $1.40, up 40% year over year – Cisco's strongest revenue and non-GAAP earnings per share growth rates in over 15 years * Record non-GAAP operating margin, reflecting focused execution and operating efficiency * Broad-based high demand for Cisco technology with double-digit growth across all geographies and customer markets * Raised FY27 revenue and non-GAAP EPS guidance * Raised expectation for AI infrastructure revenue from hyperscalers to $9B in FY27, more than double the total for FY26 * Q1 FY 2027 Results: * Revenue: $18.5 billion * Increase of 24% year over year * Operating Margin: GAAP: 30.2%; Non-GAAP: 37.8% * Earnings per Share: GAAP: $1.14; Non-GAAP: $1.40 * GAAP EPS increased 58% year over year * Non-GAAP EPS increased 40% year over year * Q2 FY 2027 Guidance: * Revenue: $18.0 billion to $18.2 billion * Earnings per Share: GAAP: $1.07 to $1.09; Non-GAAP: $1.34 to $1.36 * FY 2027 Guidance: * Revenue: $74.8 billion to $75.8 billion * Earnings per Share: GAAP: $4.38 to $4.44; Non-GAAP: $5.47 to $5.53 Cisco (NASDAQ: CSCO) today reported first quarter results for the period ended October 24, 2026. Cisco reported first quarter revenue of $18.5 billion, net income on a generally accepted accounting principles (GAAP) basis of $4.6 billion or $1.14 per share, and non-GAAP net income of $5.6 billion or $1.40 per share.
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