CSCO · 8-K · 20261112PR000170

Guidance / Outlook

CISCO SYSTEMS, INC. · 2026-11-12 · Importance 75 · Surprise 60 · In source text

Cisco forecast Q2 FY2027 revenue of $18.0 billion to $18.2 billion and non-GAAP EPS of $1.34 to $1.36, with non-GAAP gross margin of 65% to 66% and operating margin of 36% to 37%. For FY2027, it expects revenue of $74.8 billion to $75.8 billion and non-GAAP EPS of $5.47 to $5.53. The corresponding GAAP EPS estimates are $1.07 to $1.09 for Q2 and $4.38 to $4.44 for FY2027; guidance assumes GAAP tax rates of approximately 14.5% and 16%, respectively, and non-GAAP tax rates of approximately 18.5% for both periods.

Key facts

• Cisco expects Q2 FY2027 revenue of $18.0 billion to $18.2 billion. source
• Cisco expects FY2027 revenue of $74.8 billion to $75.8 billion. source
• Cisco expects Q2 FY2027 non-GAAP EPS of $1.34 to $1.36. source
• Cisco estimates Q2 FY2027 GAAP EPS of $1.07 to $1.09. source
• Cisco expects FY2027 non-GAAP EPS of $5.47 to $5.53. source
• Cisco estimates FY2027 GAAP EPS of $4.38 to $4.44. source
• Cisco expects Q2 FY2027 non-GAAP gross margin of 65% to 66%. source
• Cisco expects Q2 FY2027 non-GAAP operating margin of 36% to 37%. source

Impact estimates