Cisco CEO Chuck Robbins attends the World Economic Forum in Davos, Switzerland on January 21, 2026.
Cristian Bosi | Bloomberg | Getty Images
Cisco Shares rose in after-hours trading Thursday after the network equipment maker reported better-than-expected first-quarter results.
Here’s how the company performed compared to LSEG’s consensus forecasts:
EPS: $1.40 adjusted vs. $1.33 expected Revenue: $18.5 billion vs. $18.1 billion expected.
Cisco said in a statement that revenue increased 24% from $14.88 billion in the same period last year. Net income was $4.6 billion, or $1.14 per share, up from $2.9 billion, or 72 centers per share, in the year-ago period.
Cisco is trying to gain a foothold in building artificial intelligence after missing out on the early generative AI boom. The company’s stock has risen about 35% since the beginning of the year as of Thursday’s close, outpacing the Nasdaq, which has risen 9% in that time.
Cisco has raised its forecast for AI infrastructure revenue from hyperscalers to $9 billion this year, more than double that of 2026.
“Organizations look to Cisco for trusted, market-defining technology and expertise to help them scale, secure, and optimize their environments for the age of agent AI,” CEO Chuck Robbins said in a statement.
For its fiscal second quarter, Cisco said it expects revenue to be between $18 billion and $18.2 billion, beating analysts’ average estimate of $17.88 billion, LSEG said. The company expects adjusted earnings per share to be between $1.34 and $1.36, beating the average estimate of $1.23.
