Cisco Q1 Revenue Climbs 24% to $18.5B, Doubles FY27 AI Infrastructure Target to $9B

Cisco reported Q1 FY27 revenue of $18.5B, up 24% YoY and above the $18.14B consensus, with non-GAAP EPS of $1.40. The company raised its full-year AI infrastructure revenue target from hyperscalers to $9B — more than double the FY26 figure — and guided Q2 to $18.0-18.2B. CEO Chuck Robbins called it the strongest growth in over 15 years and said customers are preparing for an 'agentic AI era' networking supercycle.