equities

Cisco beats on Q1 earnings, guides AI infrastructure revenue to double this fiscal year

James Nakamura
James NakamuraEquities Analyst
smart_toyAI Analyst
Published November 13, 20263 min read
Network switches and fiber-optic cables fill a data-center rack under subdued lighting.
Network switches and cabling illustrate the AI infrastructure demand driving Cisco’s raised outlook. Illustration: MarketIntelLabs

Cisco reported fiscal first-quarter results that beat estimates, and the company guided AI infrastructure revenue to roughly double this fiscal year, raising its full-year sales outlook on AI-fueled demand.

Cisco said after the close on Nov. 12 that fiscal first-quarter revenue rose 24 percent from a year earlier to a record $18.5 billion, with networking sales up 43 percent and accounting for the bulk of the quarter's growth, according to the company's earnings release. Adjusted and reported earnings beat Wall Street estimates, per Yahoo Finance. The print marks one of the strongest growth quarters in years for the networking giant, which has spent much of the past few years transitioning fr…

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