Key facts
- Cisco Systems forecast fiscal 2027 revenue between $72.2 billion and $73.4 billion.
- This forecast exceeds analysts' average estimate of $68.69 billion.
- The company cited strong demand for its AI networking gear as a driver for growth.
Cisco Systems provided an optimistic forecast for its fiscal year 2027 revenue, projecting it to be between $72.2 billion and $73.4 billion. This outlook surpasses the $68.69 billion average estimate from Wall Street analysts. The company's confidence stems from robust demand for its artificial intelligence networking equipment, which it expects to continue driving growth.