Cisco | 10-Q: Q1 2026 Earnings Report

Cisco reported robust first quarter fiscal 2026 results with revenue increasing 8% year-over-year to $14.9 billion, driven by 10% growth in product revenue to $11.1 billion. Networking revenue surged 15% to $7.8 billion, particularly strong in AI Infrastructure and Campus Networking solutions. Operating income rose 43% to $3.4 billion while diluted EPS grew 6% to $0.72.The company saw growth across all geographic segments, with Americas revenue up 9% to $9.0 billion, EMEA up 5% to $3.8 billion, and APJC up 5% to $2.1 billion. Product gross margin decreased slightly by 0.6 percentage points to 64.5%, impacted by product mix and pricing, partially offset by productivity improvements.Total software revenue grew 3% to $5.7 billion while subscription revenue increased 2%. The company maintained strong liquidity with $15.7 billion in cash and investments. Looking ahead, Cisco continues to focus on key priority areas including AI, cloud and cybersecurity while incorporating AI across its product portfolios to help customers maximize technology investments.

Cisco reported robust first quarter fiscal 2026 results with revenue increasing 8% year-over-year to $14.9 billion, driven by 10% growth in product revenue to $11.1 billion. Networking revenue surged 15% to $7.8 billion, particularly strong in AI Infrastructure and Campus Networking solutions. Operating income rose 43% to $3.4 billion while diluted EPS grew 6% to $0.72.The company saw growth across all geographic segments, with Americas revenue up 9% to $9.0 billion, EMEA up 5% to $3.8 billion, and APJC up 5% to $2.1 billion. Product gross margin decreased slightly by 0.6 percentage points to 64.5%, impacted by product mix and pricing, partially offset by productivity improvements.Total software revenue grew 3% to $5.7 billion while subscription revenue increased 2%. The company maintained strong liquidity with $15.7 billion in cash and investments. Looking ahead, Cisco continues to focus on key priority areas including AI, cloud and cybersecurity while incorporating AI across its product portfolios to help customers maximize technology investments.