Cisco Raises FY27 Revenue and Adjusted EPS Guidance
Story updates
09:07:20 PM UTC
SquawkNews
Cisco Systems Raised Expectation for AI Infrastructure Rev From Hyperscalers to $9B in FY27 >CSCO
09:10:05 PM UTC
SquawkNews
Cisco raises annual revenue forecast on strong AI networking demand Nov 12 (Reuters) - Cisco CSCO.O
09:26:37 PM UTC
SquawkNews
Cisco raised its full-year fiscal 2027 guidance after first-quarter non-GAAP EPS grew 40% to $1.40, exceeding the high end of its prior range. The company now projects full-year revenue between $74.8 billion and $75.8 billion, with non-GAAP EPS of $5.47 to $5.53. Capital returns remain a priority…
09:33:20 PM UTC
SquawkNews
Cisco Systems, Inc. has updated its financial outlook for fiscal 2027, projecting a revenue range of $74.8 billion to $75.8 billion, which exceeds the FactSet consensus estimate of $72.99 billion. Additionally, the company expects its fiscal 2027 adjusted earnings per share to fall between $5.47 and $5.53, also surpassing the analyst estimate of $5.10. For the second quarter of fiscal 2027, the company anticipates revenue in the range of $18.0 billion to $18.2 billion. Management attributes this improved guidance to robust demand for the company's AI networking infrastructure.