Cisco Q1 FY27: Record $18.5B Sales as AI Networking Targets $9B
Cisco delivered record Q1 FY27 revenue of $18.5B as Networking surged 43% and hyperscaler AI targets rose to $9B, expanding non-GAAP operating margin to 37.8%.
Cisco delivered record Q1 FY27 revenue of $18.5B as Networking surged 43% and hyperscaler AI targets rose to $9B, expanding non-GAAP operating margin to 37.8%.
Cisco reported record Q4 revenue of $17.3B and $4B in AI infrastructure orders, but the stock fell 8.4% as gross-margin mix and FY27 guidance disappointed.
Cisco beat Q3 with record $15.8B revenue, raised FY26 AI orders to $9B, and announced ~4,000 layoffs. Shares jumped about 15% after hours.