Cisco earnings lift its annual outlook as AI networking demand accelerates
Earnings results
- EPS comparison not verified
Actual: $1.4 (adjusted)
- Revenue comparison not verified
Actual: $18.517 (reported, billions)
- Guidance
Raised FY2027 revenue to $74.8–75.8B from $72.2–73.4B; adjusted EPS to $5.47–5.53 from $5.05–5.11.
Earnings and the stock move
Cisco reported fiscal first-quarter earnings and raised its full-year revenue and adjusted profit outlook on November 12. Faster networking sales and a higher $9 billion AI infrastructure revenue expectation support the growth case. Rising operating efficiency offsets some pressure from lower product gross margins, but concentrated cloud spending and delivery timing remain risks.
Q1 FY2027 earnings recap
Cisco raised its annual sales and profit outlook after strong earnings. Shares rose about 5% after hours on November 12, 2026, versus that day’s regular close.
- First-quarter fiscal 2027 revenue reached $18.52 billion, up 24% from a year earlier. Networking sales grew 43%, showing where demand is strongest.
- Adjusted profit per share, or EPS, rose 40% to $1.4. GAAP profit per share was $1.14, including costs excluded from the adjusted figure.
- Cisco now expects fiscal 2027 revenue of $74.8–75.8 billion, up from $72.2–73.4 billion. Its adjusted EPS outlook rose to $5.47–5.53 from $5.05–5.11.
- Expected AI infrastructure revenue from large cloud companies increased to $9 billion for fiscal 2027. Turning that demand into deliveries is the next test.
- Adjusted operating margin reached 37.8%, up from 34.4%. Sales grew faster than operating expenses, allowing more revenue to become operating profit.
- Product profitability remains a risk: adjusted product gross margin fell to 63.7% from 67.2%. A greater mix of lower-margin equipment could limit future gains.
Watch whether Cisco delivers its next-quarter revenue outlook of $18–18.2 billion while sustaining margins. The after-hours reaction can change as investors digest management’s comments.
Financials and technicals
Charts through Nov 12, 2026. The session move above may reflect later news.
Technical setup and risks
At the November 12 close, Cisco was $102.01, below its 20-day average of $104.08 and 50-day average of $108.02. A sustained recovery through $103–105.50 would strengthen the rebound; a close below $98 would weaken it. These completed-session levels precede the after-hours earnings reaction.
After-hours move is measured versus the same-day regular close AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.