Earnings Releases·Nov 12, 2026, 4:06 PM ET

Cisco Systems, Inc. — Q1 FY 2027 Earnings Summary

Total revenue reached a record $18.5 billion, up 24% year-over-year, driven by a 32% surge in product revenue to $14.7 billion and 43% growth in networking segment revenue to $11.1 billion.
GAAP net income rose 59% year-over-year to $4.6 billion ($1.14 EPS), while non-GAAP net income increased 39% to $5.6 billion ($1.40 EPS), with management noting the strongest growth rates in over 15 years.
Raised full-year FY 2027 revenue guidance to $74.8–$75.8 billion and non-GAAP EPS guidance to $5.47–$5.53; also increased AI infrastructure revenue expectations from hyperscalers to $9 billion for FY 2027.
Completed the acquisition of WideField Security Inc. and returned $3.7 billion to stockholders via $1.7 billion in dividends and $2.0 billion in share repurchases.
Management characterizes the current environment as the "very early stages of a multi-year networking supercycle" and expects operating leverage to allow earnings to grow significantly faster than revenue.