Cisco Surpasses Quarterly Estimates, Forecasts Significant Growth in AI Infrastructure Revenue

Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026.

Krisztian Bocsi | Bloomberg | Getty Images

Cisco shares climbed in extended trading on Thursday following a fiscal first-quarter report that exceeded analyst expectations.

Financial performance relative to LSEG consensus estimates included:

• Adjusted EPS: $1.40 (vs. $1.33 expected)
• Revenue: $18.5 billion (vs. $18.1 billion expected)

The company reported a 24% year-over-year revenue increase, rising from $14.88 billion to $18.5 billion. Net income also saw a significant jump to $4.6 billion, or $1.14 per share, compared to $2.9 billion, or $0.72 per share, in the prior year.

As part of a strategic push to capture a larger share of the artificial intelligence market after missing the initial generative AI surge, Cisco has seen strong investor confidence. The company’s stock has climbed approximately 35% this year, significantly outperforming the Nasdaq’s 9% gain during the same period.

Cisco has upgraded its fiscal year forecast for AI infrastructure revenue from hyperscalers to $9 billion, representing more than a twofold increase over fiscal 2026 figures.

“Organizations are turning to Cisco for our trusted, market-defining technology and our expertise to help them scale, secure and optimize their environments for the agentic AI era,” CEO Chuck Robbins stated.

Looking ahead to the fiscal second quarter, Cisco projected revenue between $18 billion and $18.2 billion, which exceeds the LSEG analyst average of $17.88 billion. Additionally, the company expects adjusted earnings per share to fall between $1.34 and $1.36, surpassing the average estimate of $1.23.

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