Cisco Systems stock: Cisco raises fiscal 2027 outlook after record quarter

Published on 11/13/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cisco Systems stock follows a record quarter as the company lifts its fiscal 2027 outlook. AI infrastructure demand drove a 43% rise in networking revenue.

Key points for investors

Cisco reported record fiscal first-quarter revenue and raised its full-year outlook.
The company lifted its hyperscaler AI infrastructure revenue expectation for fiscal 2027.
Higher hardware demand is supporting growth while gross-margin pressure remains relevant.

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

Cisco Systems reported record fiscal first-quarter results on Thursday, November 12, 2026, and raised its fiscal 2027 revenue and adjusted earnings outlook. The company's investor release said revenue reached 18.5 billion US dollars for the quarter ended October 24, while non-GAAP earnings per share rose to 1.40 US dollars.

Cisco Systems stock was last quoted at 87.36 euros on Lang & Schwarz at 4:05 p.m. CET on Friday, November 13, 2026. That was 2.49 percent below the 89.59-euro quote cited in our November 13 report.

Record quarter lifts full-year outlook

According to Cisco's investor release, quarterly revenue increased 24 percent year over year. GAAP net income rose 59 percent to 4.6 billion US dollars, while non-GAAP net income increased 39 percent to 5.6 billion US dollars.

Networking revenue grew 43 percent to 11.1 billion US dollars. Security revenue increased 7 percent, Collaboration revenue rose 8 percent and Observability revenue advanced 2 percent. The mix also put pressure on profitability: non-GAAP gross margin was 65.6 percent, compared with 68.1 percent a year earlier.

AI demand reshapes the outlook

Cisco now expects fiscal 2027 revenue of 74.8 billion to 75.8 billion US dollars and non-GAAP earnings per share of 5.47 to 5.53 US dollars. The company previously guided to revenue of 72.2 billion to 73.4 billion US dollars and adjusted earnings per share of 5.05 to 5.11 US dollars.

The company also raised its fiscal 2027 AI infrastructure revenue expectation from hyperscaler customers to 9 billion US dollars. For the second quarter, 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.