Cisco just posted some strong numbers for the fiscal first quarter, beating Wall Street's estimates with $1.40 a share and $18.5 billion in revenue.
The company's making moves in AI too, raised its expectation for AI infrastructure revenue from hyperscalers to $9 billion this fiscal year, more than double the figure in fiscal 2026.
Cisco net income jumps 58%
Cisco's net income jumped 58% from last year, reaching $4.6 billion, while overall revenue grew 24%.
Its stock is up 35% this year, way ahead of the Nasdaq's 9%.
Looking ahead, Cisco expects next quarter's revenue to land between $18 billion and $18.2 billion.
CEO Chuck Robbins says, "Organizations are turning to Cisco for our trusted, market-defining technology and our expertise to help them scale, secure and optimize their environments for the agentic AI era."