**Cisco Systems Reports Strong Financial Performance Amid AI Growth**
Cisco Systems (CSCO) shares increased by 7.7% over the last three months, outperforming the Zacks Computer & Technology sector, which rose by 5.1%. In contrast, Hewlett Packard Enterprise (HPE) and Arista Networks (ANET) saw declines of 1.8% and 14.4%, respectively. Cisco’s first-quarter fiscal 2026 results showed AI infrastructure orders from hyperscalers reaching $1.3 billion, with expectations of $3 billion in revenue from AI infrastructure by year’s end. Annual recurring revenues hit $31.4 billion, a 5% year-over-year increase.
For Q2 of fiscal 2026, Cisco anticipates non-GAAP earnings between $1.01 and $1.03 per share, with revenues projected between $15 billion and $15.2 billion. The Zacks Consensus Estimate stands at $15.12 billion, reflecting an 8.1% year-over-year growth. For the full fiscal year 2026, revenues are expected to range from $60.2 billion to $61 billion, a rise from $56.7 billion in fiscal 2025, with estimated non-GAAP earnings between $4.08 and $4.14 per share.
