newsfilter
← Latest News
PR Newswire·

CISCO REPORTS FIRST QUARTER EARNINGS

CSCO
  • Cisco reported Q1 FY27 revenue of $18.5 billion, a 24% year-over-year increase, marking its strongest growth rate in over 15 years.
  • GAAP earnings per share reached a record $1.14 (up 58% year-over-year), while non-GAAP earnings per share hit a record $1.40 (up 40% year-over-year).
  • Non-GAAP operating margin rose to a record 37.8%, reflecting improved operating efficiency & focused execution.
  • Revenue growth was broad-based, with double-digit increases across all geographies: Americas (+28%), EMEA (+18%), & APJC (+21%).
  • Product revenue surged 32% year-over-year, driven by Networking (+43%), Collaboration (+8%), Security (+7%), & Observability (+2%).
  • Cisco raised its full-year FY27 revenue guidance to $74.8 billion–$75.8 billion & non-GAAP EPS guidance to $5.47–$5.53.
  • The company updated its AI infrastructure revenue expectation from hyperscalers to $9 billion in FY27, more than double the FY26 total.
  • Operating expenses decreased 3% on a GAAP basis to $6.2 billion, while non-GAAP operating expenses increased 2% to $5.1 billion.
  • Cisco declared a quarterly dividend of $0.42 per share, payable on January 20, 2027, to shareholders of record on January 4, 2027.
  • The company returned $3.7 billion to stockholders in Q1 FY27, including $1.7 billion in dividends & $2.0 billion in share repurchases.
  • Cash and cash equivalents plus investments totaled $15.8 billion at the end of Q1 FY27, down slightly from the prior fiscal year end.
  • Remaining Performance Obligations (RPO) increased 8% year-over-year to $46.2 billion, with product RPO up 7% & services RPO up 9%.
  • Cisco closed the acquisition of WideField Security Inc., a privately held security company, during the first quarter.
  • Q2 FY27 guidance forecasts revenue between $18.0 billion & $18.2 billion, with non-GAAP EPS expected between $1.34 & $1.36.
Company
Cisco Systems, Inc.
Keywords
Cisco Systems, Inc.