Cisco posts record $18.5B quarter, sees $9B in hyperscaler AI revenue in fiscal 2027
First-quarter revenue rose 24% and non-GAAP EPS 40%; Cisco raised its fiscal 2027 revenue guidance to $74.8 billion to $75.8 billion and now expects hyperscaler AI infrastructure revenue to more than double from fiscal 2026.
Why it matters
Cisco's quarter adds a networking supplier to the companies reporting that AI spending is lifting results, on the same day Applied Materials posted a record quarter. Cisco now expects $9 billion of AI infrastructure revenue from hyperscalers in fiscal 2027, more than double fiscal 2026, and raised full-year revenue guidance to $74.8 billion to $75.8 billion. Chief executive Chuck Robbins called it the very early stages of a multi-year networking supercycle. Watch the second-quarter guide of $18.0 billion to $18.2 billion.
Key facts
- Q1 FY27 revenue: $18.5 billion, up 24%
- GAAP EPS $1.14, up 58%; non-GAAP EPS $1.40, up 40%
- Hyperscaler AI infrastructure revenue expected at $9B in FY27
- FY27 revenue guidance: $74.8B to $75.8B
- Q2 FY27 revenue guidance: $18.0B to $18.2B
- Quarter ended 24 October 2026