Cisco | 8-K: CISCO REPORTS FIRST QUARTER EARNINGS

Cisco delivered strong Q1 FY2026 results with revenue reaching $14.9B, up 8% YoY, while GAAP EPS rose 6% to $0.72 and non-GAAP EPS increased 10% to $1.00. Product revenue grew 10% with Networking up 15%, while Services revenue increased 2%. The company reported significant momentum in AI, with infrastructure orders from hyperscalers totaling $1.3B.Product orders grew 13% YoY across all geographies, with double-digit growth in Networking for the fifth consecutive quarter. The company is experiencing a major multi-year, multi-billion-dollar campus networking refresh cycle, with accelerated order growth across all campus technologies. Gross margin was 65.5% GAAP and 68.1% non-GAAP.For Q2 FY2026, Cisco projects revenue of $15.0-15.2B and non-GAAP EPS of $1.01-1.03. The company declared a quarterly dividend of $0.41 per share, payable on January 21, 2026. Operating cash flow was $3.2B, down 12% YoY, with $3.6B returned to shareholders through dividends and share repurchases.

Cisco delivered strong Q1 FY2026 results with revenue reaching $14.9B, up 8% YoY, while GAAP EPS rose 6% to $0.72 and non-GAAP EPS increased 10% to $1.00. Product revenue grew 10% with Networking up 15%, while Services revenue increased 2%. The company reported significant momentum in AI, with infrastructure orders from hyperscalers totaling $1.3B.Product orders grew 13% YoY across all geographies, with double-digit growth in Networking for the fifth consecutive quarter. The company is experiencing a major multi-year, multi-billion-dollar campus networking refresh cycle, with accelerated order growth across all campus technologies. Gross margin was 65.5% GAAP and 68.1% non-GAAP.For Q2 FY2026, Cisco projects revenue of $15.0-15.2B and non-GAAP EPS of $1.01-1.03. The company declared a quarterly dividend of $0.41 per share, payable on January 21, 2026. Operating cash flow was $3.2B, down 12% YoY, with $3.6B returned to shareholders through dividends and share repurchases.