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Cisco Outperforms Expectations, Raises 2026 Outlook Amid Tech Boom
13 Nov
Summary
- Cisco Q1 results top Wall Street estimates
- Networking business up 15% to $7.77B
- Company raises 2026 guidance for EPS and revenue
In the fiscal first quarter of 2025, Cisco Systems Inc. (NASDAQ:CSCO) has reported results that exceeded Wall Street's expectations. The company's networking business, which accounts for the majority of its revenue, rose 15% to $7.77 billion. This strong performance, driven by increasing demand for AI-powered networking solutions, has led Cisco to raise its annual guidance as well as its 2026 outlook.
For the current fiscal year, Cisco now expects non-GAAP earnings per share (EPS) to be in the range of $4.08 to $4.14, up from the previous estimate of $4.00 to $4.06. The company also forecasts revenue for the year to be between $60.2 billion and $61.0 billion, higher than the prior range of $59 billion to $60.0 billion. This positive outlook reflects the strong momentum in Cisco's networking business and the growing adoption of its AI-driven technologies.
Looking ahead to the second quarter of fiscal 2026, Cisco has provided guidance for non-GAAP EPS of $1.01 to $1.03 on revenue of $15 billion to $15.2 billion, surpassing analysts' previous estimates. The company's robust performance and optimistic projections have sent its stock price higher in after-hours trading, as investors anticipate continued growth and success for the technology giant.
