Cisco reports record Q1 revenue, lifts FY27 guidance, AI revenue target doubled to $9B

Cisco reported record Q1 FY2027 revenue of $18.5B, up 24% YoY, with GAAP EPS of $1.14 (up 58%) and non-GAAP EPS of $1.40 (up 40%). The company raised its FY27 revenue guidance to $74.8B-$75.8B and now expects AI infrastructure revenue from hyperscalers to reach $9B in FY27, more than double FY26.