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Cisco Reports Record $18.5 Billion Revenue, Raises FY27 Guidance

Cisco delivered record Q1 results with $18.5 billion in revenue and raised its FY27 outlook, fueled by a surge in AI infrastructure demand and double-digit growth across all geographic segments.

📅 November 12, 2026 🕐 1 min read

2 assets impacted (Stocks). Net bias: 2 Bullish, 0 Bearish, 0 Neutral. Strongest signal: CSCO ↑ 7/10 (85% confidence).

📊 Affected Assets (2)

CSCO

Bullish 🤖 85%

📅 Short-term 🌍 US · Explicit

Q1 FY27 revenue hit a record $18.5 billion, up 24%, and non-GAAP EPS of $1.40 rose 40%, with all metrics exceeding the high end of guidance. Cisco raised FY27 revenue guidance to $74.8-$75.8 billion and lifted its AI infrastructure revenue expectation to $9 billion for FY27, more than double FY26. Such a beat plus guidance raise typically moves the stock markedly.

Catalysts

▲ Record Q1 FY27 revenue of $18.5 billion, up 24% year over year, exceeding the high end of guidance
▲ Raised FY27 revenue guidance to $74.8-$75.8 billion and non-GAAP EPS to $5.47-$5.53

Risk Factors

▼ Q2 FY27 revenue guidance of $18.0-$18.2 billion implies slower sequential growth than Q1's $18.5 billion
▼ Gross margins declined year over year (non-GAAP total gross margin 65.6% vs 68.1%)

NDX

Bullish 🤖 55%

📅 Short-term 🌍 US ✨ Inferred

Cisco is a large Nasdaq-listed technology company, and a strong beat-and-raise quarter with AI infrastructure demand at $9B for FY27 supports the index on the day. The effect on the whole index is diluted by Cisco's weight, so the impact is modest.

Catalysts

▲ Cisco Q1 FY27 beat with revenue up 24% and non-GAAP EPS up 40% on November 12, 2026

🧭 Full analysis of these assets

🎯 Key Takeaways

Q1 FY27 revenue reached a record $18.5 billion, up 24% year over year.
Non-GAAP EPS rose 40% to $1.40, exceeding the high end of guidance.
FY27 revenue guidance was raised to a range of $74.8 billion to $75.8 billion.
AI infrastructure revenue expectation for FY27 was increased to $9 billion, more than double the FY26 total.
Cisco declared a quarterly dividend of $0.42 per share, payable on January 20, 2027.

📝 Executive Summary

Cisco Systems posted record Q1 FY27 revenue of $18.5 billion, a 24% year-over-year increase, marking its strongest growth in over 15 years. Driven by robust demand for AI infrastructure, the company raised its full-year revenue guidance to $74.8-$75.8 billion and lifted its AI-specific revenue target to $9 billion for FY27.

❓ FAQ

CSCO · How strong were Cisco's latest results?

Cisco reported record Q1 FY27 revenue of $18.5 billion, up 24% year over year, with GAAP EPS of $1.14 (up 58%) and non-GAAP EPS of $1.40 (up 40%) – its strongest growth rates in over 15 years – and beat the high end of its guidance ranges.

CSCO · Did Cisco change its outlook or dividend?

Yes, Cisco raised its FY27 revenue guidance to $74.8-$75.8 billion and non-GAAP EPS to $5.47-$5.53, and declared a quarterly dividend of $0.42 per share payable January 20, 2027 to holders of record on January 4, 2027.

NDX · Does Cisco's earnings beat affect the Nasdaq 100?

As a large Nasdaq-100 component, Cisco's strong results and raised guidance provide a modest positive contribution to the index, though diluted by Cisco's relative weight.

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