Cisco Forecasts Fiscal 2027 Revenue Above Wall Street Estimates

Cisco Systems has announced its forecast for fiscal 2027 revenue, beating Wall Street expectations. The company expects annual revenue between $72.2 billion and $73.4 billion, surpassing analysts' average estimate of $68.69 billion.

This comes on the back of strong demand for Cisco's AI networking gear, with hyperscale cloud providers and enterprises building out their infrastructure to handle complex generative AI requirements.

Cisco received AI infrastructure orders from hyperscalers worth $4 billion in the fourth quarter ended July 25, bringing the total for fiscal 2026 to $9.3 billion.