CSCO Q1 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Cisco Systems posted a clean beat on both lines in its fiscal first quarter, with non-GAAP EPS of $1.00 topping the $0.98 consensus estimate by 1.86% and revenue of $14.88 billion edging past expectations by 0.72% on 7.5% year-over-year growth. The s… Read more Cisco Systems posted a clean beat on both lines in its fiscal first quarter, with non-GAAP EPS of $1.00 topping the $0.98 consensus estimate by 1.86% and revenue of $14.88 billion edging past expectations by 0.72% on 7.5% year-over-year growth. The standout driver was Networking, which surged 15% to $7.77 billion as a multi-year campus refresh cycle gained momentum across switching, routing, wireless, and IoT, while AI infrastructure orders from hyperscaler customers hit $1.30 billion, signaling what management called a meaningful acceleration. GAAP operating margin expanded sharply to 22.6% from 17.0% a year ago, aided by a steep drop in restructuring charges to $147 million from $665 million. Analysts currently rate CSCO a moderate buy, with the stock having outperformed the broader market year-to-date, and the company's forward guidance adds further support; Cisco expects Q2 revenue of $15.00 billion to $15.20 billion and full-year FY2026 revenue of $60.20 billion to $61.00 billion, with non-GAAP EPS of $4.08 to $4.14.