Cisco Lifts Annual Forecast on Strong AI Demand
Cisco beat first-quarter earnings estimates and raised its fiscal 2027 revenue forecast to $75.3 billion. The network-gear maker cited robust demand from companies building out artificial intelligence data-center infrastructure.
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Cisco Systems Inc raised its fiscal 2027 revenue forecast to $75.8B after posting better-than-expected first-quarter results on strong artificial intelligence network demand. The network-gear maker beat Wall Street estimates as large technology companies expand data-center infrastructure. The upward revision highlights surging enterprise spending on specialized switches and routers required for modern AI workloads.
