Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year

Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Key Points Cisco reported fiscal first-quarter earnings that topped estimates. The computer networking company is trying to become a bigger player in AI after missing out on the early years of the boom. The stock is up 35% this year, trouncing the Nasdaq, which is up about 9%. In this article CSCO Follow your favorite stocks CREATE FREE ACCOUNT Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Cisco shares rose in extended trading on Thursday after the maker of networking gear reported better-than-expected fiscal first-quarter results. Here's how the company did compared to LSEG consensus estimates: EPS: $1.40 adjusted vs. $1.33 expected Revenue: $18.5 billion vs. $18.1 billion expected. Revenue increased 24% from $14.88 billion a year earlier, Cisco said in a statement. Net income rose to $4.6 billion, or $1.14 per share, from $2.9 billion, or 72 center per share, a year ago. Cisco is trying to gain a foothold in the artificial intelligence buildout after missing out on the early years of the generative AI boom. The company's stock price is up about 35% this year as of Thursday's close, trouncing the Nasdaq, which has gained 9% over that stretch. Cisco raised its expectation for AI infrastructure revenue from hyperscalers to $9 billion this fiscal year, more than double the figure in fiscal 2026. "Organizations are turning to Cisco for our trusted, market-defining technology and our expertise to help them scale, secure and optimize their environments for the agentic AI era," CEO Chuck Robbins said in the statement . For the fiscal second quarter, Cisco said it expects revenue of between $18 billion and $18.2 billion, topping the average analyst estimate of $17.88 billion, according to LSEG. The company is projecting adjusted earnings per share of $1.34 to $1.36, beating the $1.23 average estimate. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.