Cisco Stock Eyes $9B AI Revenue as Quarterly Sales Jump 24% to Record $18.5B

Cisco's record $18.5B quarterly revenue, up 24% year over year, plus a raised $9B AI infrastructure outlook and higher FY2027 guidance signal that enterprise networking and AI-related hardware demand is accelerating. The beat-and-raise supports the AI capex narrative beyond hyperscalers, lifting sentiment toward networking and infrastructure suppliers while reinforcing expectations for continued datacenter spending.