$CSCO · CISCO SYSTEMS, INC.
Cisco reported Q1 FY2027 (ended Oct 24, 2026) results: revenue $18.5B (+24% YoY), GAAP net income $4.6B (+59%), GAAP EPS $1.14 (+58%), non-GAAP EPS $1.40 (+40%). Non-GAAP operating margin hit a record 37.8%. The company raised FY27 guidance to revenue $74.8B–$75.8B and non-GAAP EPS $5.47–$5.53, and raised AI infrastructure revenue from hyperscalers to $9B. Declared a $0.42 quarterly dividend.
- Record revenue $18.5B, up 24% YoY — strongest growth in over 15 years.
- Non-GAAP EPS $1.40, up 40% YoY; GAAP EPS $1.14, up 58%.
- Non-GAAP operating margin hit record 37.8%.
- FY27 guidance raised to revenue $74.8B–$75.8B and non-GAAP EPS $5.47–$5.53.
- AI infrastructure revenue from hyperscalers guided to $9B, more than double FY26.
Extended-hours last trade $103.64, up 1.60% vs the $102.01 regular close, reflecting a positive after-hours reaction to the beat and raised guidance.
Cisco delivered its strongest revenue and EPS growth in over 15 years and raised full-year guidance, signaling durable AI-driven networking demand.
Cisco's 24% revenue growth and AI-driven networking demand signal a multi-year networking supercycle, positioning it against AI-infrastructure peers.
Gross margin declined YoY (GAAP 63.7% vs 65.5%; non-GAAP 65.6% vs 68.1%), reflecting product mix pressure from AI infrastructure buildout.