Cisco Systems Inc (NASDAQ:CSCO) reported financial results for the first quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the report.

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Q1 Highlights: Cisco posted fiscal first-quarter revenue of $14.88 billion, beating analyst estimates of $14.77 billion. The networking equipment maker reported first-quarter adjusted earnings of $1.00 per share, beating analyst estimates of 98 cents per share, according to Benzinga Pro.

Total revenue was up 8% year-over-year as product revenue increased 10% and services revenue increased by 2%. Product revenue growth was fueled by a 15% increase in Networking and a 6% increase in Observability. Security product revenue was down 2% year-over-year and Collaboration product revenue fell 3%.

Cisco ...