Cisco Reports Record $18.5 Billion Q1 Revenue, Raises Fiscal 2027 Outlook on AI Networking Demand
Key Takeaways
- •Cisco reported record first-quarter fiscal 2027 revenue of $18.5 billion, up 24% year over year, beating both consensus revenue estimates of $18.1 billion and expected adjusted EPS of about $1.33 with $1.40 per share.
- •Networking revenue surged 43% to $11.1 billion, supported by higher spending on data center infrastructure and connectivity equipment, while total product orders rose 32% from a year earlier.
- •Cisco secured $9 billion in AI infrastructure orders for fiscal 2027, more than double the comparable figure from the previous year.
- •The company lifted its full-year fiscal 2027 revenue forecast to a range of $74.8 billion to $75.8 billion, up from its earlier projection of $72.2 billion to $73.4 billion.
- •Adjusted earnings per share guidance for the fiscal year was raised to $5.47 to $5.53, compared with the prior forecast of $5.05 to $5.11.
Cisco Reports Record $18.5 Billion Q1 Revenue, Raises Fiscal 2027 Outlook on AI Networking Demand
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 demand for artificial intelligence networking equipment continued to accelerate. The company simultaneously raised its full-year fiscal 2027 revenue outlook to as much as $75.8 billion.
Adjusted earnings came in at $1.40 per share, exceeding analysts' expectations of approximately $1.33. Revenue also surpassed consensus estimates of $18.1 billion. The results reinforce Cisco's position as a barometer for technology infrastructure spending, given its role as one of the largest suppliers of the networking hardware that underpins both corporate networks and large-scale data centers.
Networking Leads Growth
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 said it secured $9 billion in AI infrastructure orders for fiscal 2027, more than double the comparable figure from the previous year. The results reflect growing spending by hyperscalers and enterprises on networking equipment used to connect AI accelerators, servers, and data centers. That spending has taken on added weight as AI clusters grow larger: the switching and routing fabric that moves data between accelerators has become a critical layer of modern data center buildouts, and orders booked now typically convert to revenue as those deployments roll out over subsequent quarters.
Raised Full-Year Guidance
The company lifted its full-year fiscal 2027 revenue forecast to a range of $74.8 billion to $75.8 billion, up from its previous projection of $72.2 billion to $73.4 billion.
Cisco also raised its adjusted earnings per share guidance for the fiscal year to $5.47 to $5.53, compared with an earlier forecast of $5.05 to $5.11.
Heading into the rest of fiscal 2027, the markers to watch are the pace of new AI infrastructure orders against this year's $9 billion total, the conversion of hyperscaler and enterprise spending into reported revenue, and Cisco's execution against its raised guidance ranges.
Source: CryptoBriefing, published Nov. 12, 2026, 16:23 EST. Article edited by Diego Almada Lopez.
