Cisco Systems stock gets stronger fiscal 2027 outlook

Published on 11/13/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cisco Systems stock follows a record fiscal first quarter with higher fiscal 2027 guidance. AI infrastructure demand lifted networking revenue and the outlook.

Cisco raises fiscal 2027 outlook

First-quarter revenue rose 24 percent year over year to a record 18.5 billion US dollars.
Non-GAAP earnings per share increased 40 percent, while Networking revenue climbed 43 percent.
Cisco lifted its fiscal 2027 revenue and non-GAAP earnings guidance on stronger AI infrastructure demand.
The company expects to pay a quarterly dividend of 0.42 US dollars on January 20, 2027.

Cisco Systems Inc., US17275R1023, Illustration mit AI erstellt.

Cisco reported record first-quarter results for the period ended October 24, 2026, and raised its fiscal 2027 outlook. The company published the figures on Thursday, November 12, after the US market close. Its Cisco newsroom release said revenue and non-GAAP earnings growth reached their strongest rates in more than 15 years.

Cisco generated 18.5 billion US dollars in revenue, an increase of 24 percent from the year-earlier quarter. GAAP net income rose 59 percent to 4.6 billion US dollars, with diluted GAAP earnings per share up 58 percent to 1.14 US dollars. On a non-GAAP basis, net income increased 39 percent to 5.6 billion US dollars and earnings per share rose 40 percent to 1.40 US dollars.

AI infrastructure drives networking demand

Product revenue increased 32 percent, while services revenue gained 1 percent. Networking revenue grew 43 percent, compared with increases of 7 percent in Security, 8 percent in Collaboration and 2 percent in Observability. Cisco said demand was broad across geographies and customer markets.

Non-GAAP operating margin reached 37.8 percent, while GAAP operating margin was 30.2 percent. Operating cash flow rose 36 percent year over year to 4.4 billion US dollars. Remaining performance obligations increased 8 percent to 46.2 billion US dollars, providing a measure of contracted future business.

Cisco also raised its expectation for fiscal 2027 AI infrastructure revenue from hyperscale customers to 9 billion US dollars. Chief Executive Chuck Robbins described the business as being in the early stages of a multi-year networking cycle, while Chief Financial Officer Mark Patterson said the quarter exceeded the high end of the company's revenue, operating-margin and earnings guidance.

Raised guidance sets next benchmark

For the second quarter of fiscal 2027, Cisco expects revenue of 18.0 billion to 18.2 billion US dollars and non-GAAP earnings per share of 1.34 to 1.36 US dollars. The company projects non-GAAP operating margin of 36 percent to 37 percent.

Full-year fiscal 2027 revenue guidance now stands at 74.8 billion to 75.8 billion US dollars, compared with the previous range of 72.2 billion to 73.4 billion US dollars. Cisco raised its non-GAAP earnings-per-share outlook to 5.47 to 5.53 US dollars from 5.05 to 5.11 US dollars. GAAP earnings-per-share guidance is 4.38 to 4.44 US dollars.

Cisco Systems stock traded at 89.77 euros on Lang & Schwarz at 12:56 CET on Friday, November 13, 2026.

Cisco Systems Inc.

Company: Cisco Systems Inc.
ISIN: US17275R1023
Home listing: Nasdaq
Fiscal first-quarter revenue: 18.5 billion US dollars, up 24 percent year over year
Fiscal first-quarter non-GAAP EPS: 1.40 US dollars, up 40 percent year over year
Lang & Schwarz quote: 89.77 euros at 12:56 CET on November 13, 2026

US equities are tracked against the S&P 500 as investors assess the technology sector's exposure to AI infrastructure spending.

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