Cisco reports strong earnings and expects AI infrastructure revenue to double

Cisco reported better-than-expected fiscal first-quarter results, sending its shares up in extended trading. Revenue increased 24% to reach $14.88 billion from a year earlier, while net income rose to $4.6 billion, or $1.14 per share. The networking gear maker also raised its expectation for AI infrastructure revenue to $9 billion for the fiscal year, more than double the figure in fiscal 2026. CEO Chuck Robbins noted that organizations are turning to Cisco to scale, secure, and optimize their environments for the agentic AI era. Looking ahead, Cisco projected fiscal second-quarter revenue of between $18 billion and $18.2 billion, topping analyst expectations. The company also expects adjusted earnings per share of $1.34 to $1.36, beating the average estimate of $1.23.