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Cisco (NASDAQ: CSCO) raised its full-year forecast after reporting better-than-expected fiscal Q2 results, driven by increasing demand for AI-related infrastructure.
For the quarter ended Jan. 25, Cisco posted an adjusted earnings per share (EPS) of $0.94 on revenue of $13.99 billion, surpassing analyst estimates of $0.91 EPS and $13.87 billion in revenue.
The company provided Q3 guidance, expecting EPS between $0.90 and $0.92, with revenue ranging from $13.9 billion to $14.1 billion. Cisco also lifted its full-year outlook, now forecasting adjusted EPS of $3.68 to $3.74 on revenue of $56.0 billion to $56.5 billion, up from prior estimates of $3.60 to $3.66 EPS and $55.3 billion to $56.3 billion in revenue.
"As AI becomes more pervasive, we are well positioned to help our customers scale their network infrastructure, increase data capacity, and adopt best-in-class AI security," the company stated.
Cisco’s improved outlook underscores its strong positioning in the AI-driven networking sector, with increased enterprise demand fueling growth. The stock remains a key player as businesses expand AI investments, driving higher networking and security needs.
