CLAIM #17878 · Cisco Systems Inc (CSCO) · 2026Q1 earnings call · Nov 12, 2025

“Both of those in terms of the supply as well as the pricing though are both included and considered in our updated guide for the Q2 as well as the year.”

Mark Patterson · CFO

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In context

“portunity. I'd say in general, most of what we saw in Q1 was just a deepening of existing use cases. We won the four new ones, but candidly, there wasn't a ton of new orders from them during the quarter. So those are all yet to be recognized. But we think the scale across opportunity will continue to grow and evolve. And again, we saw pretty meaningful acceleration in pluggable optics which is a really solid business for us and gives us yet another opportunity to pursue with these customers. On the DRAM question, Mark, I'll pass that one to you. Mark Patterson: Yes. So I would just say across memory as well as PCB and optics, we've noticed a bit of tightening of supply. On the memory side, we've seen what you all have all seen as well and that's pretty significant price increases as well. Both of those in terms of the supply as well as the pricing though are both included and considered in our updated guide for the Q2 as well as the year. Sami Badri: Thank you, Meta. Michel, can we move to the next analyst? Operator: Thank you. Tal Liani with Bank of America. Your line is open. Tal Liani: Hello. Great quarter. It's hard for me to ask a tough question in a great quarter, but I'm going to do it anyway with your permission. If I remove $1 billion from last year's revenues, which were the AI backend, and I removed $3 billion from the guidance for next year. The rest of the business, which is the majority, $55 billion base for last year, is only growing 3.6%. Why don't we see greater growth with what we have Wi-Fi and campus and security, why don't we see more than 3.5% growth for the rest of the business? Chuck Robbins: Tal, it's a good question and you're always allowed to ask tough ones. So I'm just going to point out on the”

Verify independently

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