Cisco reported strong financial results for the first quarter of fiscal year 2026, exceeding its own guidance. The company announced revenue of 14.9 billion, an increase of 8 compared to the same period last year.
Earnings per share also showed solid growth, with non-GAAP EPS reaching 1.00, a 10 year-over-year increase. The company demonstrated strong operational performance, with both GAAP and non-GAAP gross margins and operating margins coming in above the high end of their forecasted ranges.
A key driver of this performance was robust demand across all customer markets and geographies. Total product orders grew by 13 year over year, marking the fifth consecutive quarter of double-digit growth in Networking product orders. A significant highlight was the acceleration in AI Infrastructure, with orders from hyperscaler customers totaling 1.3 billion.
