Cisco Methods Inc (NASDAQ:CSCO) reported monetary outcomes for the primary quarter of fiscal 2026 after the market shut on Wednesday. Right here’s a have a look at the important thing particulars from the report.
Q1 Highlights: Cisco posted fiscal first-quarter income of $14.88 billion, beating analyst estimates of $14.77 billion. The networking tools maker reported first-quarter adjusted earnings of $1.00 per share, beating analyst estimates of 98 cents per share, in line with Benzinga Professional.
Complete income was up 8% year-over-year as product income elevated 10% and providers income elevated by 2%. Product income progress was fueled by a 15% improve in Networking and a 6% improve in Observability. Safety product income was down 2% year-over-year and Collaboration product income fell 3%.
Cisco generated $3.2 billion in money movement from operations in the course of the quarter, down 12% year-over-year. The corporate ended the quarter with $15.7 billion in money, money equivalents and investments.
“We had a stable begin to fiscal 2026, and Cisco is on observe to ship our strongest 12 months but,” mentioned Chuck Robbins, chair and CEO of Cisco. “The widespread demand for our applied sciences highlights the crucial position of safe networking and the worth of our portfolio as prospects transfer rapidly to unlock the potential of AI.”
Cisco’s board declared a quarterly dividend of 41 cents per share, payable on Jan. 21, 2026 to shareholders of document as of Jan. 2, 2026. The corporate additionally mentioned it repurchased roughly 29 million shares of its frequent inventory in the course of the quarter for $2 billion. Cisco had $12.2 billion remaining on its share repurchase authorization at quarter’s finish.
What’s Subsequent: Cisco sees second-quarter income within the vary of $15 billion to $15.2 billion versus estimates of $14.63 billion. The corporate anticipates adjusted earnings for the second quarter of $1.01 to $1.03 per share versus estimates of 99 cents per share.
Cisco additionally raised its fiscal 2026 steerage. The corporate now expects full-year income of $60.2 billion to $61 billion, up from prior steerage of $59 billion to $60 billion. The corporate raised its full-year adjusted earnings steerage to a variety of $4.08 to $4.14 per share, up from a previous vary of $4.00 to $4.06 per share. Analysts are on the lookout for full-year income of $59.68 billion and full-year earnings of $4.04 per share, per Benzinga Professional.
Cisco’s administration group will additional focus on the corporate’s quarterly efficiency on an earnings name at 4:30 p.m. ET.
CSCO Worth Motion: Cisco shares had been up 4.21% in after-hours Wednesday, buying and selling at $77.05 on the time of publication, in line with Benzinga Professional.
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