โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-GAAP EPS: $1.40 (Est. $1.33) โ , +40% YoY.
โข Revenue: $18.52B (Est. $18.13B) โ , +24% YoY.
โข GAAP EPS: $1.14, +58% YoY.
โข Non-GAAP Operating Margin: 37.8%, a record.
โข Non-GAAP Gross Margin: 65.6% (vs. 68.1% YoY).
โข GAAP Net Income: $4.6B, +59% YoY.
โข Operating Cash Flow: $4.4B, +36% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $18.0Bโ$18.2B, midpoint $18.1B (Est. $17.91B) โ .
โข Q2 Non-GAAP EPS: $1.34โ$1.36, midpoint $1.35 (Est. $1.23) โ .
โข FY2027 Revenue: $74.8Bโ$75.8B, midpoint $75.3B (Est. $73.22B) โ .
โข FY2027 Non-GAAP EPS: $5.47โ$5.53, midpoint $5.50 (Est. $5.15) โ .
โข FY2027 Hyperscaler AI Infrastructure Revenue: $9B, raised, more than double FY2026.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Delivered its strongest revenue and non-GAAP EPS growth rates in more than 15 years.
โข Networking revenue surged 43% YoY to $11.13B, driven by AI infrastructure demand.
โข Product revenue grew 32%, while services revenue increased 1%.
โข Security revenue increased 7%, Collaboration 8%, and Observability 2%.
โข Non-GAAP operating income increased 37% YoY to $7.0B, with operating margin reaching a record 37.8%.
โข Non-GAAP gross margin declined 250 bps YoY to 65.6%, despite stronger operating leverage.
โข Remaining Performance Obligations increased 8% to $46.2B.
โข Deferred Revenue increased 7% to $30.1B.
โข Returned $3.7B to shareholders through $2.0B in buybacks and $1.7B in dividends.
โข Completed the acquisition of WideField Security.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe are in the very early stages of a multi-year networking supercycle, and we're confident in our ability to continue capturing the multi-billion-dollar opportunity it represents for Cisco.โ