CLAIM #17874 · Cisco Systems Inc (CSCO) · 2026Q1 earnings call · Nov 12, 2025

“Non-GAAP earnings per share is expected to range from $4.08 to $4.14.”

Mark Patterson · CFO

How to check this claim

Look at: Non-GAAP diluted earnings per share, fiscal year 2026

It came true if: Full-year non-GAAP EPS between $4.08 and $4.14

Where: Company press release / earnings report (fiscal Q4 2026 results and full-year non-GAAP reconciliation)

Knowable after: 2026-08-31

In context

“ons remain unchanged from our prior guidance with the exception of the China fentanyl tariff being reduced from 20% to 10%. Looking ahead, you can expect us to continue our focus on durable growth with financial discipline, driving operating leverage and continued capital returns. For fiscal Q2, our guidance is as follows. We expect revenue to be in the range of $15 billion to $15.2 billion. Anticipate non-GAAP gross margin to be in the range of 67.5% to 68.5%. Non-GAAP operating margin is expected to be in the range of 33.5% to 34.5%. Non-GAAP earnings per share is expected to range from $1.10 to $1.13. We are assuming a non-GAAP effective tax rate of approximately 19%. For fiscal year 2026, our guidance is as follows. We expect revenue to be in the range of $60.2 billion to $61 billion. Non-GAAP earnings per share is expected to range from $4.08 to $4.14. Sammy? Let's now move into the Q&A. Sami Badri: Thank you, Mark. Before we start the Q&A portion of the call, I'd like to remind analysts to ask one question and a single follow-up question at the same time. Operator? We move to the first analyst in the queue? Operator: Thank you. Erin Rakers with Wells Fargo. Your line is open. Aaron Rakers: Yes. Thanks for taking the question and congrats on the quarter. I guess I want to dive a little bit deeper into the AI orders. Obviously, I think that was a $3 billion number in fiscal 2026 from the web scale vertical. So maybe start there. As we think about the diversity that Cisco is seeing in the web scale opportunity, how has that evolved? And have you guys been engaged in deepening kind of super spine or even scale across opportunities? In the”

Verify independently

SEC filings for CSCO ↗ · Quote is verbatim from the 2026Q1 earnings call.