Cisco Stock Jumps After Earnings and Guidance Beat Estimates
Networking giant Cisco Systems (CSCO) saw its shares rise in after-hours trading following a stronger-than-expected first-quarter earnings report. Adjusted earnings per share reached $1.00, surpassing the $0.98 analyst consensus, while revenue climbed to $14.88 billion against an anticipated $14.8 billion.
The company returned $3.6 billion to shareholders during the quarter, split between $1.6 billion in dividends and $2 billion in buybacks. Cisco maintains an active repurchase program with $12.2 billion still authorized.
Guidance for Q2 projects revenue between $15 billion and $15.2 billion, well above the $14.64 billion estimate, with adjusted earnings forecast at $1.01 to $1.03 per share versus $0.99 expectations. Full-year FY26 revenue is expected to land between $60.2 billion and $61 billion, exceeding the $59.68 billion consensus, while adjusted EPS guidance of $4.08 to $4.14 also topped the $4.04 projection.
