Cisco Reports Record Quarterly Growth
Cisco reported fiscal first-quarter 2027 revenue of $18.5 billion, up 24% year over year.
GAAP net income increased 59% to approximately $4.6 billion, while GAAP earnings per share reached $1.14. Adjusted EPS climbed 40% to $1.40, exceeding analysts' expectations of approximately $1.33. The company delivered its strongest revenue and adjusted earnings growth in more than 15 years, supported by broad demand for networking and AI infrastructure.
Product revenue rose 32%, including 43% growth in networking. Cisco increased its fiscal 2027 AI infrastructure revenue expectation from hyperscale customers to $9 billion. Management also raised its full-year revenue guidance to $74.8 billion–$75.8 billion and adjusted EPS guidance to $5.47–$5.53, reflecting stronger demand and operating performance. The company expects fiscal second-quarter revenue of $18.0 billion–$18.2 billion.
| Metric | Actual | Estimate / comparison |
|---|---|---|
| Quarterly revenue | $18.5B | $14.9B year earlier |
| Revenue growth | 24% | Year over year |
| GAAP net income | $4.6B | $2.9B year earlier |
| GAAP EPS | $1.14 | $0.72 year earlier |
| Adjusted EPS | $1.40 | $1.33 consensus |
| Adjusted operating margin | 37.8% | Company reported |
| FY2027 revenue guidance | $74.8B–$75.8B | Raised |
| FY2027 adjusted EPS guidance | $5.47–$5.53 | Raised |