Cisco Systems, Inc. — Q1 FY 2027 Earnings Summary

Cisco reported record first-quarter revenue of $18.5 billion, representing a 24% year-over-year increase, alongside record non-GAAP earnings per share of $1.40. The company raised its full-year fiscal 2027 revenue guidance to a range of $74.8 billion to $75.8 billion and increased its AI infrastructure revenue expectation from hyperscalers to $9 billion for the year. Operating performance was driven by broad-based demand, with product revenue growing 32% and double-digit growth observed across all geographic regions and customer markets.