CSCO · 8-K · 20260812PR000106
Guidance / Outlook
CISCO SYSTEMS, INC. · 2026-08-12 · Importance 75 · Surprise 60 · Contradicted
Cisco guided Q1 FY 2027 revenue to $18.0 billion–$18.2 billion, with non-GAAP gross margin of 65%–66% and non-GAAP operating margin of 35.5%–36.5%. FY 2027 revenue guidance is $72.2 billion–$73.4 billion, with non-GAAP EPS of $5.05–$5.11 and GAAP EPS of $4.00–$4.06. The company expects to provide guidance at certain points during the year and said projections may change as information develops.
Key facts
- Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin 65% - 66%; non-GAAP operating margin 35.5% - 36.5%. source
- FY 2027 guidance: revenue $72.2 billion to $73.4 billion; non-GAAP EPS $5.05 to $5.11; GAAP EPS estimated $4.00 to $4.06. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +101.7% | FY 2027 guidance: revenue $72.2 billion to $73.4 billion; non-GAAP EPS $5.05 to $5.11; GAAP EPS estimated $4.00 to $4.06. |
| revenue | positive | committed | +25.3% | Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin… |
| margin | positive | committed | — | Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin… |
| margin | positive | committed | — | Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin… |
| net_income | positive | committed | — | Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin… |
| net_income | positive | committed | — | Q1 FY 2027 guidance: revenue $18.0 billion to $18.2 billion; GAAP EPS $1.08 to $1.10; non-GAAP EPS $1.32 to $1.34; non-GAAP gross margin… |
| net_income | positive | committed | — | FY 2027 guidance: revenue $72.2 billion to $73.4 billion; non-GAAP EPS $5.05 to $5.11; GAAP EPS estimated $4.00 to $4.06. |
| net_income | positive | committed | — | FY 2027 guidance: revenue $72.2 billion to $73.4 billion; non-GAAP EPS $5.05 to $5.11; GAAP EPS estimated $4.00 to $4.06. |