Cisco reported record Q1 FY2027 revenue of $18.5 billion, up 24.3% from a year earlier and above analysts’ estimate of $18.1 billion. EPS was $1.14 on a GAAP basis and $1.40 on a non-GAAP basis, versus an analyst estimate of $1.33 for the latter; non-GAAP EPS rose 40% year over year. The company raised its FY2027 AI infrastructure revenue expectation from hyperscalers to $9 billion. It also increased its FY2027 revenue guidance to a range of $74.8 billion to $75.8 billion.
The results cover the company's Q1 FY2027. EPS came in above analysts' estimate by 5.3%; revenue above the estimate by 2.1%.
Read the full storyThe company reported 24% revenue growth driven by AI infrastructure demand, raising its 2027 sales targets for hyperscalers to $9 billion.