According to CNBC, Cisco reported a 24% year-over-year increase in revenue for the first quarter of fiscal 2027, with net income rising to $4.6 billion, or $1.14 per share. Following the earnings release, the stock rose about 5% in after-hours trading. The company raised its fiscal-year revenue guidance for AI infrastructure targeting hyperscale customers to $9 billion. Cisco expects second-quarter revenue to be between $18 billion and $18.2 billion, with adjusted earnings per share of $1.34 to $1.36. The AI revenue and next-quarter guidance figures represent company forecasts, and the after-hours gain reflects data at the time of the report; adjusted earnings per share should not be conflated with the net income metrics of the first fiscal quarter.