Cisco Systems, Inc. (CSCO) Earnings Call Transcripts

Cisco Systems, Inc.'s Latest Earnings Call - Q1 FY2027

Cisco Systems, Inc. reported a strong first quarter for fiscal year 2027, delivering record revenue of $18.5 billion, up 24% year-over-year, and non-GAAP earnings per share of $1.40, reflecting a 40% increase. Management raised their fiscal year 2027 revenue guidance to a range of $74.8 billion to $75.8 billion, driven by robust demand in networking and security, particularly in AI infrastructure. The strong performance and increased guidance signal confidence in sustained growth as the company capitalizes on the ongoing networking super cycle fueled by AI deployments.

Reported metrics

Guidance from management

For fiscal Q2, Cisco expects revenue in the range of $18 billion to $18.2 billion and non-GAAP earnings per share between $1.34 and $1.36. The fiscal year 2027 revenue guidance has been raised to $74.8 billion to $75.8 billion, with non-GAAP earnings per share expected to range from $5.47 to $5.53.

What management said

Thanks, Mark. Before we begin the Q&A part of the call, I want to remind analysts to ask 1 question along with just a single follow-up question at the same time. Operator, could I go to the first analyst in the queue.

This is Chuck. I'll take the first one. Thank you, and thanks for the kind words. The teams are doing a fantastic job. On the $9 billion, I think it's a matter of being 90 days in and having a little more clarity. We had solid order growth in Q1. And we're simply further along in the year. So I think it's nothing more than continued strength in the flow from those customers, plus 90 days more visibility, which gave u...

What analysts pressed on

Analysts expressed concerns regarding potential deceleration in neo cloud demand and the implications for AI revenue. There were also questions about the sustainability of growth in the security business and the impact of supply chain constraints on future performance.

Main topics on the call

• Record Revenue and Earnings — Cisco achieved record quarterly revenue of $18.5 billion, which is up 24% year-over-year, and non-GAAP earnings per share of $1.40, up 40% year-over-year. Chuck Robbins stated, "These are our strongest top and bottom lin...
• Increased Fiscal Year Guidance — Management raised fiscal year 2027 revenue guidance to $74.8 billion to $75.8 billion, up from previous estimates. Mark Patterson noted, "We are significantly increasing our fiscal year '27 guidance," reflecting confiden...
• Strong Demand Across Product Categories — Total product orders grew 21% year-over-year, with networking product orders up 28%. Robbins highlighted, "We are in the early stages of a multiyear, multibillion-dollar networking super cycle."
• AI Infrastructure Growth — AI infrastructure revenue is projected to reach $9 billion for fiscal year 2027, more than double fiscal year 2026 levels. Robbins stated, "Our hyperscaler business continues to show strong momentum with AI infrastructur...

Read the full Cisco Systems, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Cisco Systems, Inc. earnings call transcripts on record, spanning February 12, 2020 to November 12, 2026. Based on this history, Cisco Systems, Inc. reports quarterly. The most recent call on file is dated November 12, 2026. The full list is below — each row opens the transcript.

Ticker

CSCO

Exchange

NASDAQ

Country

US

Sector

Information Technology

Industry

Communications Equipment

Calls on record

27

First call

February 12, 2020

Most recent

November 12, 2026

Reporting cadence

quarterly