Cisco falls nearly 2% despite record revenue and raised guidance as margins weigh

TechnologyInternationalRevista ADVFNNov 13, 2026, 6:16 AMAI summary

Cisco (NASDAQ:CSCO) shares fell nearly 2% in premarket trading on Friday, November 13, after the company reported record revenue of $18.52 billion for its first fiscal quarter, up 24% year over year, and adjusted earnings per share of $1.40, up 40%. The company raised its annual guidance and doubled its AI infrastructure revenue target to $9 billion. However, non-GAAP gross margin fell 250 basis points to 65.6%, and Morgan Stanley cut its rating to equal-weight.

In 45 seconds

Revenue of $18.52 billion, a quarterly record and up 24% year over year; adjusted earnings per share of $1.40, up 40%.
Non-GAAP gross margin fell 250 basis points to 65.6% on a larger share of lower-margin AI equipment and higher memory component costs.
Cisco raised its fiscal 2027 revenue guidance to between $74.8 billion and $75.8 billion and doubled its AI infrastructure revenue target to $9 billion.

Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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Cisco falls nearly 2% despite record revenue and raised guidance as margins weigh

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