Cisco’s first-quarter revenue of $18.5 billion and non-GAAP earnings beat analysts’ estimates; company raises full-year outlook

SAN JOSE — San Jose networking company Cisco Systems reported results Thursday, Nov. 12, for its first fiscal 2027 quarter, the three months ended Oct. 24.  Revenue was $18.5 billion, up 24% from $14.9 billion a year earlier, Cisco said in its official release.  That was above the $18.13 billion average estimate of 22 analysts compiled by Yahoo Finance.

Net income under generally accepted accounting principles, or GAAP, the standard rules for company financial reports, was $4.6 billion, or $1.14 per share, up 58% from $0.72.  On a non-GAAP basis, a company-adjusted measure that leaves out certain items, earnings were $1.40 per share, up 40% from $1.00.  The $1.40 non-GAAP figure beat Yahoo Finance’s $1.33 average estimate of 24 analysts, which is also on a normalized, non-GAAP basis.

“In Q1, we delivered the strongest revenue and non-GAAP earnings per share growth rates for Cisco in over 15 years,” Chair and CEO Chuck Robbins said.

Product sales rose 32%, including a 43% increase in networking equipment, while services revenue was up 1%, the company said.  Cisco raised its outlook for the full fiscal year to $74.8 billion to $75.8 billion in revenue and $5.47 to $5.53 in non-GAAP earnings per share.  For the current quarter, it forecast revenue of $18.0 billion to $18.2 billion.  The company also declared a quarterly dividend of $0.42 per share, payable Jan. 20, 2027.

Source:  Cisco newsroom: Cisco reports first quarter earnings, Nov. 12, 2026; Cisco IR press release (PDF); SEC Form 8-K, Nov. 12, 2026; Exhibit 99.1; Yahoo Finance Cisco analysis, estimates retrieved Nov. 12, 2026