Cisco Systems Inc. announced its first‑quarter fiscal 2027 results, describing them as the strongest revenue and non‑GAAP earnings per share growth in more than 15 years. Adjusted earnings per share came in at $1.40, comfortably beating analyst estimates of $1.32, while revenue reached $18.5 billion, a 24% year‑over‑year increase and above the consensus forecast of $18.11 billion. Product revenue expanded 32% across all geographies and customer markets, and the company recorded a new adjusted operating margin of 37.8%, underscoring improved profitability.
Chief Executive Officer Chuck Robbins said that organizations are increasingly turning to Cisco’s technology and expertise to scale, secure and optimise their infrastructure for the “agentic AI era.” Reflecting confidence in this momentum, Cisco raised its outlook for the second quarter of fiscal 2027, projecting adjusted EPS of $1.34‑$1.36 on revenue of $18.0‑$18.2 billion, both mid‑points exceeding analyst expectations of $1.23 per share and $17.91 billion in revenue.
For the full fiscal year 2027, the company lifted its guidance to an adjusted EPS range of $5.47‑$5.53 and revenue of $74.8‑$75.8 billion, with mid‑point estimates of $5.50 per share and $75.3 billion revenue surpassing analyst forecasts of $5.15 per share and $73.2 billion revenue. Additionally, Cisco increased its forecast for AI infrastructure revenue to $9 billion for fiscal 2027, more than double the amount generated in fiscal 2026, highlighting the growing contribution of AI‑related investments to its business.