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SAN JOSE, Calif.– Cisco’s fiscal first-quarter revenue rose 24% to $18.52 billion, above the $18.12 billion estimate, and non-GAAP EPS of $1.40 beat the $1.29 consensus and rose 40% from $1.00. The company also raised its fiscal 2027 outlook.
The results were fueled by AI demand: It also received $9.3 billion in AI infrastructure orders from major cloud providers during Fiscal 2026.
Despite the strong numbers, the stock fell along with the wider tech sector. Cisco Systems (NASDAQ:CSCO) also declined 5.70%, reflecting broader weakness in enterprise technology stocks.
