Cisco stock: Record quarter lifts fiscal 2027 outlook

Cisco Systems reported a record fiscal first quarter on Thursday, November 12, and raised its fiscal 2027 outlook. In its official earnings release, the networking company said revenue reached 18.5 billion US dollars for the period ended October 24, 2026, up 24 percent year over year.

Cisco stock traded at 86.37 euros on Lang & Schwarz at 10:42 CET on Saturday, November 14, 0.99 percent below the Xetra close of Friday, November 13, at 87.24 euros. The Xetra closing price is reported by Barron's.

AI demand drives guidance increase

Product revenue increased 32 percent, led by a 43 percent rise in Networking revenue to 11.132 billion US dollars. Cisco said demand was broad across geographies and customer markets, while its non-GAAP operating margin reached 37.8 percent.

For fiscal 2027, Cisco now expects revenue of 74.8 billion to 75.8 billion US dollars and non-GAAP earnings per share of 5.47 to 5.53 US dollars. The company also raised its expectation for hyperscaler AI infrastructure revenue to 9 billion US dollars, more than double the fiscal 2026 total. Second-quarter guidance calls for revenue of 18.0 billion to 18.2 billion US dollars and non-GAAP earnings per share of 1.34 to 1.36 US dollars.

Dividend adds capital-return signal

Cisco declared a quarterly dividend of 0.42 US dollars per common share on November 12. The payment is scheduled for January 20, 2027, to shareholders of record at the close of business on January 4, 2027. The company also said it repurchased approximately 18 million shares for about 2.0 billion US dollars during the quarter.

The earnings release points to strong networking demand but also highlights exposure to the timing and scale of AI infrastructure spending by cloud and hyperscaler customers. For investors, the raised outlook improves the near-term earnings framework while execution against large AI deployments remains central.

US technology shares remain sensitive to expectations for AI infrastructure spending and enterprise technology budgets. See Current market reports for the broader market environment.

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