Cisco Systems Inc (NASDAQ:CSCO) posted financial results for the first quarter of fiscal 2027 after the market close on Thursday. Here’s a look at the key details from the report.

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Cisco Q1 Earnings Highlights

Cisco reported first-quarter revenue of $18.52 billion, beating analyst estimates of $18.14 billion, according to Benzinga Pro. The networking equipment company reported adjusted earnings of $1.40 per share for the quarter, beating estimates of $1.33 per share.

Total revenue was up 24% year-over-year as product revenue increased 32% and services revenue rose 1%. Remaining performance obligations totaled $46.2 billion at the end of the quarter.

Cisco generated $4.4 billion in cash flow from operations during the quarter, up 36% year-over-year. The company exited the period with $15.8 billion in cash, cash equivalents and investments.

“In Q1, we delivered the strongest revenue and non-GAAP earnings per share growth rates for Cisco in over 15 years,” said Chuck Robbins, chair and CEO of Cisco.

“We are in the very early stages of a multi-year networking supercycle, and we’re confident in our ability to continue capturing the multi-billion-dollar opportunity it represents for Cisco.”

Cisco expects fiscal second-quarter revenue to be in the range of $18 billion to $18.2 billion, versus estimates of $17.89 billion. The company anticipates adjusted earnings of $1.34 to $1.36 per share, versus estimates of $1.23 per share.

Cisco also raised its fiscal year 2027 revenue guidance from a range of $72.2 billion to $73.4 billion to a new range of $74.8 billion to $75.8 billion, versus estimates of $73.02 billion. The company raised its full-year adjusted earnings outlook from a range of $5.05 to $5.11 per share to a new range of $5.47 to $5.53 per share, versus estimates of $5.11 per share.

Cisco management will discuss the quarter on an earnings call scheduled for 4:30 p.m. ET. A link to the call has been provided below.

CSCO Shares Rise After Earnings

CSCO Price Action: Cisco shares were up 1.85% in after-hours on Thursday, trading at $103.90 at the time of publication, according to Benzinga Pro.

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