Overview
- Cisco posted fiscal Q1 revenue of $14.88 billion and adjusted EPS of $1.00, topping estimates, and guided Q2 revenue to $15.0–$15.2 billion with EPS of $1.01–$1.03.
- AI infrastructure momentum accelerated with $1.3 billion in hyperscaler orders during the quarter, more than $2 billion in AI orders secured for fiscal 2025, and about $3 billion in AI revenue expected in fiscal 2026.
- The company raised full-year fiscal 2026 guidance to $60.2–$61.0 billion in revenue and $4.08–$4.14 in adjusted EPS, above prior ranges.
- Core networking strength continued as sales rose 15% to $7.77 billion, while security product revenue fell 2% and collaboration declined 3% as Splunk results were included.
- Shares gained roughly 4%–7% following the report as Cisco introduced AI- and edge-focused offerings including Cisco IQ, Cisco Unified Edge, and N9100 switches built on Nvidia Spectrum-X, with multiple analysts lifting price targets.