Cisco Raises 2027 Revenue Forecast as AI Networking Demand Accelerates
Company Earnings Reports Cisco Raises Full-Year Revenue Expectations Cisco increased its fiscal 2027 revenue forecast after reporting first-quarter results above market expectations, supported by continued demand for networking equipment used in artificial intelligence infrastructure. The company now expects annual revenue between $74.8 billion and $75.8 billion, compared with its previous projection of $72.2 billion to $73.4 billion. Chief Executive Chuck Robbins described the networking industry as being in the early stages of a multi-year growth cycle, as companies expand the infrastructure needed to support increasingly large AI data centers. Cisco’s strategy reflects a broader shift in technology investment. Spending is extending beyond AI processors to the switches, routers and other networking equipment required to connect large computing systems. Hyperscaler AI Infrastructure Revenue Forecast […]