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Gotrade News - Cisco Systems (CSCO) reported fiscal first-quarter revenue of $18.5 billion on Thursday, November 12, 2026, up 24% year over year, according to Cisco's official release. GAAP EPS was $1.14 and non-GAAP EPS was $1.40, and Cisco raised its fiscal 2027 revenue and non-GAAP EPS guidance.
Regular-session close on November 12, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
Cisco Earnings Details
The results cover the quarter ended October 24, 2026. GAAP net income was $4.6 billion, or $1.14 per share, compared with $2.9 billion, or $0.72 per share, a year earlier. Non-GAAP net income was $5.6 billion, or $1.40 per share, compared with $4.0 billion, or $1.00 per share. Non-GAAP EPS of $1.40 and revenue of $18.5 billion came in above the LSEG consensus estimates of $1.33 and $18.1 billion, respectively, according to CNBC.
Product revenue rose 32% and services revenue rose 1%, with Networking up 43%, the release said. GAAP operating margin was 30.2% and non-GAAP operating margin was 37.8%. Cisco also declared a quarterly dividend of $0.42 per common share.
For the second quarter of fiscal 2027, Cisco expects revenue of $18.0 billion to $18.2 billion, GAAP EPS of $1.07 to $1.09 and non-GAAP EPS of $1.34 to $1.36. CNBC reported an LSEG average revenue estimate of $17.88 billion for that quarter. For fiscal 2027, the company now expects revenue of $74.8 billion to $75.8 billion, GAAP EPS of $4.38 to $4.44 and non-GAAP EPS of $5.47 to $5.53.
Why It Matters for CSCO
Cisco said the quarter delivered its strongest revenue and non-GAAP EPS growth rates in over 15 years, and that revenue, non-GAAP operating margin and non-GAAP EPS all exceeded the high end of its guidance ranges. The company reported double-digit growth across all geographies, with the Americas up 28%, EMEA up 18% and APJC up 21%. It also raised its expectation for AI infrastructure revenue from hyperscalers to $9 billion in fiscal 2027, which it said is more than double the total for fiscal 2026.
"We are in the very early stages of a multi-year networking supercycle," chair and CEO Chuck Robbins said in the release. CFO Mark Patterson said the company is "unlocking significant operating leverage which is enabling us to grow earnings much faster than revenue." Cisco returned $3.7 billion to stockholders through share buybacks and dividends during the quarter, according to the release.
What to watch next: Cisco pays its $0.42 quarterly dividend on Wednesday, January 20, 2027, to stockholders of record as of the close of business on Monday, January 4, 2027.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
