Cisco Systems Inc. has raised its sales forecast for the current quarter, surpassing Wall Street expectations and signaling strong demand driven by the AI boom. The company now expects sales of about $18.1 billion for the fiscal second quarter ending in January, according to a statement released Thursday. This figure exceeds the average analyst prediction of $17.8 billion.
In addition to the quarterly outlook, Cisco has also increased its annual revenue guidance. The company now anticipates fiscal year revenue between $74.8 billion and $75.8 billion, up from its previous estimate of as much as $73.4 billion. This adjustment reflects the continued momentum in AI-related networking equipment demand.