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Cisco revenue jumps 24% to record $18.5B on AI networking demand

Cisco revenue jumps 24% to record $18.5B on AI networking demand

The networking giant raised its fiscal 2027 revenue outlook to as much as $75.8 billion as demand for AI infrastructure continues to accelerate.

by Diego Almada Lopez

2 min read

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Cisco Systems reported record revenue of $18.5 billion for the first quarter of fiscal 2027, up 24% from $14.9 billion a year earlier, as growing demand for AI networking equipment fueled sales.

The company posted adjusted earnings of $1.40 per share, exceeding analysts’ expectations of approximately $1.33, while revenue surpassed estimates of $18.1 billion.

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Networking revenue surged 43% to $11.1 billion, supported by increased spending on data center infrastructure and connectivity equipment. Total product orders rose 32% from a year earlier.

Cisco also raised its full year fiscal 2027 revenue forecast to between $74.8 billion and $75.8 billion, up from its previous projection of $72.2 billion to $73.4 billion.

The company now expects adjusted earnings per share of $5.47 to $5.53 for the fiscal year, compared with its earlier forecast of $5.05 to $5.11.

Cisco said it had secured $9 billion in AI infrastructure orders for fiscal 2027, more than double the comparable figure from the previous year.

The results reflect growing spending by hyperscalers and enterprises on networking equipment used to connect AI accelerators, servers and data centers.

Cisco Systems Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Cisco Systems Inc. CSCO · Price dated Nov 11, 2026 · tokenized CSCOx $101$397.3B30.3Unavailable$63.3BFY ended 2026-07-25 · 10-K+11.8%FY ended 2026-07-25 vs 2025-07-26 · 10-K13,267,000,000FY ended 2026-07-25, attributable to the company · 10-K24.3%FY ended 2026-07-25
Arista Networks Inc. ANET · Price dated Nov 11, 2026 $197$248.5B52.7Unavailable$9.0BFY ended 2025-12-31 · 10-K+28.6%FY ended 2025-12-31 vs 2024-12-31 · 10-K3,511,400,000FY ended 2025-12-31, attributable to the company · 10-K42.8%FY ended 2025-12-31
Palo Alto Networks Inc. PANW · Price dated Nov 11, 2026 · tokenized PANWx $334$273.6B836.2Unavailable$11.5BFY ended 2026-07-31 · 10-K+24.5%FY ended 2026-07-31 vs 2025-07-31 · 10-K307,000,000FY ended 2026-07-31, attributable to the company · 10-K6.1%FY ended 2026-07-31
Dell Technologies Inc. DELL · Price dated Nov 11, 2026 $374$239.2B21.7Unavailable$113.5BFY ended 2026-01-30 · 10-K+18.8%FY ended 2026-01-30 vs 2025-01-31 · 10-K5,936,000,000FY ended 2026-01-30, attributable to the company · 10-K7.2%FY ended 2026-01-30

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Nov 11, 2026, 9:01 PM EST. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.

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