Overview

* Cisco ( CSCO ) Q1 revenue rises 8% yr/yr to $14.9 bln, beating analyst expectations

* Adjusted EPS for Q1 beats estimates, increasing 10% yr/yr to $1.00

* Company highlights strong demand for networking products and campus refresh cycle

Outlook

* Company sees Q2 FY 2026 revenue between $15.0 bln and $15.2 bln

* Cisco ( CSCO ) raises FY 2026 revenue between $60.2 bln and $61.0 bln

* Company forecasts Q2 FY 2026 non-GAAP EPS of $1.01 to $1.03

Result Drivers

* NETWORKING DEMAND - Cisco ( CSCO ) reports strong demand for networking products, with product orders up 13% yr/yr

* AI INFRASTRUCTURE - AI infrastructure orders from hyperscaler customers totaled $1.3 bln, showing significant growth

* CAMPUS REFRESH - Multi-year, multi-billion-dollar campus networking refresh cycle underway, boosting order growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Slight $14.9 $14.77

Revenue Beat* bln bln (15

Analysts

)

Q1 Beat $1 $0.98

Adjusted (16

EPS Analysts

)

Q1 EPS $0.72

Q1 Net $2.9 bln

Income

Q1 34.4%

Adjusted

Operatin

g Margin

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Cisco Systems Inc ( CSCO ) is $77.50, about 7.5% above its November 11 closing price of $71.71

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)