{
  "id": 19740877,
  "title": "Cisco beats expectations, lifts guidance and forecasts AI infrastructure revenue to double in fiscal 2027",
  "url": "https://urgent.news/2026/11/13/cisco-beats-expectations-lifts-guidance-and-forecasts-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-13T01:30:06.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/11/12/cisco-beats-expectations-lifts-its-guidance-and-forecasts-ai-infrastructure-revenue-to-double-in-fiscal-2027/"
  },
  "original_language": "en",
  "account": "Cisco Systems Inc. revealed first-quarter earnings and revenue that surpassed Wall Street’s expectations. The company raised its guidance for fiscal 2027, driven by robust demand for artificial intelligence network infrastructure. Cisco reported earnings per share of $1.40, surpassing the Street's target of $1.33 per share. Revenue for the quarter surged 24% year-over-year to $18.5 billion, exceeding the $18.1 billion consensus estimate. The company's net income rose to $4.6 billion, from $2.9 billion the previous year. Although Cisco's stock remained flat in extended trading, it has increased 32% year-to-date, outperforming the broader Nasdaq index, which has gained 9% over the same period. Cisco has been striving to establish itself in the AI infrastructure sector, following initial setbacks in the generative AI boom. As investors become increasingly concerned about potential slowdowns in data center construction due to recent U.S. midterm elections and rising borrowing costs, Cisco's CEO, Chuck Robbins, expressed optimism about the company's momentum. He believes that Cisco's AI networking technology is well-positioned to capture a share of the multibillion-dollar opportunity. Cisco is also expanding its software portfolio to assist businesses in developing autonomous AI agents and securing their infrastructure against cyberattacks. The company anticipates its AI infrastructure revenue for fiscal 2027 to be over double that of fiscal 2026, reaching $9 billion. CFO Mark Patterson attributes this growth to \"unlocking significant operating leverage\" that helps Cisco grow earnings faster than revenue. Investors remain cautious about Cisco's gross margins, which have been affected by the global memory chip shortage. However, analyst Bob O'Donnell believes this decline is unlikely to worry many, as Cisco's higher revenue and strong earnings are the primary concerns for the market. For the current quarter, Cisco expects earnings between $1.34 and $1.36 per share on sales of $18 billion to $18.2 billion, surpassing analyst estimates of $1.23 per share on $17.88 billion in revenue.",
  "summary": "Shares of Cisco Systems Inc. were flat in late trading today after the networking infrastructure giant reported first-quarter earnings and revenue that came in ahead of Wall Street’s expectations. The company also raised its guidance for fiscal 2027, citing strong demand for artificial intelligence network infrastructure. Cisco reported earnings before certain costs such as stock […] The post…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Cisco raises annual revenue forecast on strong AI networking demand",
        "url": "https://urgent.news/2026/11/12/cisco-raises-annual-revenue-forecast-on-strong-ai-networking-demand",
        "published": "2026-11-12T21:12:59.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Cisco lifts annual revenue forecast on strong AI networking demand",
        "url": "https://urgent.news/2026/11/12/cisco-lifts-annual-revenue-forecast-on-strong-ai-networking-demand-19728142",
        "published": "2026-11-12T23:55:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}