Cisco Posts Record $18.5B Revenue, EPS Surges in Q1 2027
Cisco reported record first-quarter revenue of $18.5 billion, a 24% annual jump, alongside sharply higher earnings per share.
Cisco Systems delivered its strongest quarterly revenue and earnings results on record in its fiscal first quarter, the company announced Nov. 12, 2026, from its San Jose, California headquarters. Total revenue reached $18.5 billion, a 24% increase compared with the same period a year earlier.
Earnings per share also hit record levels across both accounting measures. GAAP EPS came in at $1.14, representing a 58% year-over-year gain, while non-GAAP EPS rose 40% to $1.40 — signaling broad-based profitability improvement that outpaced even the company's robust top-line growth.
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The magnitude of the EPS gains relative to revenue growth suggests Cisco achieved meaningful operating leverage during the quarter, though the company did not elaborate on specific cost drivers in the summary release. Analysts tracking the networking and enterprise technology sector will likely scrutinize segment-level data for signs of sustained demand momentum.
The results mark a notable acceleration for a company that has spent recent years navigating inventory corrections and shifting its business mix toward higher-margin software and subscription offerings. A 24% revenue surge and near-60% GAAP EPS expansion in a single quarter would rank among the most striking performances in Cisco's public-company history.
Continue reading at Earnings for the full financial details and management commentary.
