Cisco Q1 Revenue Hits $18.5 Billion, Up 24% Year-over-Year; Company Raises Full-Year Outlook
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On November 12, Cisco reported results for the first quarter of fiscal 2027 (ended October 24, 2026): revenue came in at $18.517 billion, up 24% year-over-year; GAAP net income reached $4.552 billion, up 59% year-over-year, with diluted earnings per share of $1.14, up 58% year-over-year; non-GAAP earnings per share were $1.40, up 40% year-over-year. Networking revenue grew 43%, and product revenue rose 32%. The company raised its fiscal 2027 revenue guidance to a range of $74.8 billion to $75.8 billion and lifted its non-GAAP earnings per share guidance to $5.47 to $5.53. Cisco also expects revenue from its AI infrastructure business serving large cloud providers to reach $9 billion—more than double the figure for fiscal 2026.