Cisco now expects $9 billion in hyperscaler AI infrastructure revenue this fiscal year

Nov 12, 2026
Quarterly revenue rose 24% to $18.5 billion, and Cisco raised its full-year guidance to $74.8 billion to $75.8 billion.

Cisco now expects $9 billion of AI infrastructure revenue from hyperscale cloud customers in its fiscal year 2027, more than double the total for fiscal 2026, the company said in its first quarter results.

Revenue for the quarter to 24 October was $18.5 billion, up 24% from a year earlier, which Cisco calls its strongest growth rate in over 15 years. Product revenue rose 32%, led by networking at 43%. Security grew 7%, collaboration 8% and observability 2%. GAAP net income was $4.6 billion, or $1.14 per share.

Cisco raised its guidance for the full year to revenue of $74.8 billion to $75.8 billion. For the second quarter it expects $18.0 billion to $18.2 billion.

"We are in the very early stages of a multi-year networking supercycle," said Chuck Robbins, chair and CEO, adding that organizations are turning to Cisco to scale, secure and optimize their environments "for the agentic AI era." The AI revenue expectation is a forward-looking statement in the release.

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