Cisco reports strong Q1 FY2027 results and projects $9 billion AI infrastructure revenue
Cisco Systems announced that fiscal 2027 first‑quarter revenue reached $18.5 billion, a 24 percent year‑over‑year increase, driven by a 43 percent jump in networking revenue to $11.13 billion. CEO Chuck Robbins said the company is at the start of a multi‑year, multi‑billion‑dollar networking super‑cycle and forecast AI infrastructure revenue of $9 billion for the full fiscal year, about 12 percent of total revenue. Non‑GAAP earnings per share rose 40 percent to $1.40. The company also reported double‑digit growth across all product families and a 28 percent rise in networking orders.
Why it matters
The company expects the AI infrastructure revenue projection to more than double its FY2026 level, which could lift future earnings and support a higher valuation (the company says). The strong quarter and guidance may encourage investors to reassess Cisco’s growth outlook.
Key facts
- 1Revenue was $18.5 billion, up 24 percent year over year. crn.com
- 2Networking segment revenue was $11.13 billion, up 43 percent year over year. crn.com
- 3Networking product orders grew 28 percent during the quarter. crn.com
- 4Cisco projects AI infrastructure revenue of $9 billion for fiscal 2027, or about 12 percent of total revenue. crn.com
- 5Non‑GAAP earnings per share were $1.40, up 40 percent year over year. crn.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.