Cisco Stock Surges on Record $18.5B Revenue and Upgraded AI Guidance
Key Facts
Cisco reported record Q1 FY2027 revenue of $18.5 billion, marking a 24% increase year-over-year. According to a company statement via PR Newswire, non-GAAP earnings per share reached $1.40, a 40% increase compared to the previous year's performance.
The company raised its AI infrastructure revenue guidance from hyperscale customers to $9 billion for fiscal year 2027, citing strong demand across all geographic segments. CSCO closed at $100.76 on November 11, 2026, having traded between a low of $99.63 and a high of $102.3 during that session.
Latest Updates · 3
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Update: Cisco shares rose 4.9% in after-hours trading after the reported $1.40 EPS surpassed the analyst consensus of $1.33. This price action reinforces the stock's gains following the announcement of record results and strong growth projections in the AI sector.
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Update: Cisco raised its full-year fiscal 2027 revenue guidance to a range of $74.8 billion to $75.8 billion, with adjusted EPS now expected between $5.47 and $5.53. The company also issued Q2 guidance forecasting revenue between $18.0 billion and $18.2 billion, exceeding analyst estimates of $17.9 billion.
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Update: Cisco posted a first-quarter net profit of $4.55 billion for fiscal year 2027. The profit was driven by significant demand within the agentic artificial intelligence market, complementing the company's record revenue growth.