Description

Cisco Systems: From Campus Switches to Wi-Fi 7—A Network Modernization Supercycle!

Cisco Systems Inc. reported a robust start to its fiscal year 2026, with the first-quarter results surpassing projections in both revenue and earnings per share. The company achieved record revenue levels, indicating a promising trajectory for the full fiscal year. Total revenue saw an 8% increase year-over-year, with product revenue climbing by 10%, largely propelled by high demand for artificial intelligence (AI) infrastructure and campus networking solutions. The successful management of operating efficiencies and strategic execution contributed to a 10% growth in non-GAAP EPS. The demand was particularly strong across various segments, with total product orders climbing by 13% year-over-year. Specific highlights include a 45% surge in product orders from service providers and cloud customers, showcasing significant demand among hyperscalers. Public sector and enterprise orders also reflected robust growth, albeit at a more moderate pace, with increases of 12% and 4%, respectively.