Cisco Raises FY2027 Outlook as Quarterly Revenue Rises 24%

Cisco raised its fiscal 2027 revenue outlook after first-quarter sales reached $18.5 billion, 24% above the comparable year-earlier period, according to results published on November 12, 2026. The company also increased its forecast for AI-infrastructure revenue from hyperscalers to $9 billion for the fiscal year.

The revised full-year revenue guidance puts Cisco’s forecast between $74.8 billion and $75.8 billion. That compares with the $72.2 billion to $73.4 billion range the company issued in August 2026. Cisco also increased its fiscal 2027 forecast for non-GAAP earnings per share, setting a range of $5.47 to $5.53 rather than the earlier $5.05 to $5.11.

For hyperscaler AI infrastructure, Cisco’s previous fiscal 2027 revenue projection was $7.5 billion, issued in August. The company said its new $9 billion forecast is more than double the approximately $4 billion it reported for fiscal 2026. The fiscal 2027 figures remain company forecasts, rather than completed-year results.

The first-quarter reporting period ended on October 24, 2026. Cisco’s GAAP diluted earnings reached $1.14 per share, a year-over-year increase of 58%. On a non-GAAP basis, the company recorded earnings of $1.40 per share, 40% above the year-earlier figure.

Networking product orders were 28% higher than a year earlier, according to Cisco’s first-quarter earnings presentation. The slides put the run of double-digit percentage increases in those orders at nine consecutive quarters. Those figures measure orders for networking products, not recognised revenue.

For comparison, Cisco’s August 12, 2026 results release put total fiscal 2026 revenue at $63.3 billion. That release also included a projection of approximately $4 billion in hyperscaler AI-infrastructure revenue for fiscal 2026, the amount described as reported revenue in the company’s latest outlook comparison.

* This article is based on publicly available information at the time of writing.