According to CNBC, on November 12, Cisco Systems reported fiscal Q1 2027 (August–October 2026) revenue of $18.5 billion, surpassing Wall Street expectations of $18.1 billion compiled by LSEG and rising 24% year-over-year from $14.88 billion. Adjusted earnings per share reached $1.40, beating consensus of $1.33, while net income climbed to $4.6 billion from $2.9 billion a year earlier.

Cisco raised its fiscal 2027 AI infrastructure revenue outlook for hyperscalers to $9 billion, more than double the prior year's level. CEO Chuck Robbins stated the company is seeing strong demand for its technology as enterprises scale infrastructure to support agentic AI. The company also provided Q2 guidance above Street expectations, with revenue forecast of $18.0–18.2 billion versus consensus of $17.88 billion.

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