AI spending becomes a new engine of growth! Cisco (CSCO.US) Q1 earnings exceed expectations, raises full-year guidance.

According to the Securities Times app, Cisco (CSCO.US), the world's largest computer network equipment manufacturer, announced better-than-expected performance for the first quarter of fiscal year 2026, and provided optimistic guidance, showing progress in acquiring more artificial intelligence (AI) related spending. The financial report shows that Cisco's first quarter revenue increased by 8% year-on-year to $14.9 billion, better than the analyst's general expectation of $14.8 billion. Under Non-GAAP accounting standards, net profit was $4 billion, an increase of 9% year-on-year; earnings per share were $1.00, compared to $0.91 in the same period last year, better than the analyst's general expectation of $0.98. As of the time of publication, Cisco's stock rose more than 7% in after-hours trading on Wednesday.