Cisco reports first quarter earnings

The company has recorded revenue growth in four straight quarters after a stretch of four straight year-over-year drops.

Cisco released its fiscal first-quarter results on Wednesday, reporting revenue and profit above analyst expectations. The company’s shares increased by more than 7% in after-hours trading following the announcement.

According to data from LSEG, the company’s results compared with market expectations as follows:

• Adjusted earnings per share: $1.00 versus $0.98 expected
• Revenue: $14.88 billion versus $14.77 billion expected

Cisco reported that revenue grew 8% year over year, rising from $13.84 billion in the same quarter of the previous fiscal year. Net income was $2.86 billion, or $0.72 per share, compared with $2.71 billion, or $0.68 per share, a year earlier.

The company has now recorded four consecutive quarters of revenue growth after a previous period of year-over-year declines.

Revenue in Cisco’s networking division, its largest business unit, reached $7.77 billion. Analyst consensus compiled by StreetAccount had projected $7.47 billion for the segment.

The company noted continued demand for data-center infrastructure linked to artificial intelligence workloads. Cisco reported $1.3 billion in AI-related infrastructure orders from large cloud providers.

“We continue to expand our role in AI,” CFO Mark Patterson said in a statement. He added that the company anticipates increased activity related to campus networking upgrades and demand for recently updated networking equipment.

For its fiscal second quarter, Cisco forecast revenue of $15.0 billion to $15.2 billion, above the LSEG consensus estimate of $14.6 billion. The company projects adjusted earnings per share of $1.01 to $1.03, compared with the average analyst estimate of $0.99.

For the full fiscal year, Cisco expects revenue between $60.2 billion and $61.0 billion and adjusted earnings per share of $4.08 to $4.14. Analyst expectations compiled by LSEG forecast $59.7 billion in revenue and EPS of $4.04.

Outside the networking segment, revenue in Cisco’s other two major business units declined year over year. Security revenue fell 2% to $1.98 billion, compared with a StreetAccount estimate of $2.16 billion. Collaboration revenue decreased 3% to $1.06 billion, slightly below the $1.09 billion estimate.

As of Wednesday’s market close, Cisco shares had risen 25% in 2025, compared with a 21% increase in the Nasdaq index.