Cisco CEO Chuck Robbins discussed the company’s fiscal first quarter results at the World Economic Forum. Cisco reported better-than-expected profit and revenue, with earnings per share of $1 and revenue of $14.88 billion, up 8% from the previous year. The networking business saw a 15% sales increase to $7.77 billion.

Following four consecutive quarters of revenue declines, Cisco is back on track with four straight quarters of growth. The company is focusing on the AI boom, with data center spending primarily on servers with graphics processing units, like Nvidia. Cisco expects revenue of $15-15.2 billion for the second quarter and $60.2-61 billion for the full fiscal year.

While Cisco’s networking business thrived, the security and collaboration units saw revenue declines and missed expectations. Sales in security fell 2% to $1.98 billion, and collaboration sales slipped 3% to $1.06 billion. Despite this, Cisco shares are up 25% this year, outperforming the Nasdaq’s 21% gain.

Read more at CNBC: Cisco (CSCO) Q1 2026 earnings report