Cisco’s stock price increased in extended trading following the release of its fiscal first-quarter earnings report, which demonstrated results exceeding analyst expectations.
The networking equipment manufacturer reported revenue growth of 24% to reach $14.88 billion compared to the prior year. Net income climbed to $4.6 billion, or $1.14 per share, substantially higher than the $2.9 billion, or 72 cents per share, recorded a year earlier. The company’s shares have appreciated roughly 35% over the current year to date, significantly outperforming the Nasdaq index, which advanced 9% during the same period.
Cisco updated its artificial intelligence infrastructure revenue guidance upward, projecting $9 billion in AI infrastructure sales from hyperscalers this fiscal year—representing more than a doubling from the previous fiscal year. This adjustment reflects the company’s efforts to establish a stronger competitive position in the AI infrastructure segment following its relative absence during the initial phase of the generative AI expansion. Chief Executive Chuck Robbins emphasized the company’s strategic positioning, noting that organizations are selecting Cisco for its technology and capabilities to support scaling, security, and optimization in an agentic AI environment.
For the fiscal second quarter ahead, management provided forward guidance indicating expected revenue between $18 billion and $18.2 billion, surpassing the average analyst projection of $17.88 billion. The company also forecast adjusted earnings per share in the range of $1.34 to $1.36, exceeding the consensus estimate of $1.23 per share.
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