Core Insights - Cisco Systems (CSCO) is expected to report first-quarter fiscal 2026 results on November 12, with anticipated revenues between $14.65 billion and $14.85 billion and non-GAAP earnings between 97 and 99 cents per share [1][8]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $14.78 billion, reflecting a year-over-year growth of 6.78%, while the consensus for earnings remains at 98 cents per share, indicating a 7.69% increase year-over-year [2][8]. - The current estimates for fiscal first-quarter Networking revenues are projected at $7.34 billion, showing an 8.6% year-over-year growth, although this is slower than the 12% growth reported in the previous quarter [7][8]. - Security revenues are estimated at $2.24 billion, suggesting an 11% year-over-year growth, driven by strong demand for AI-powered security solutions [8][9]. Performance Trends - Cisco's earnings have consistently surpassed the Zacks Consensus Estimate in the last four quarters, with an average beat of 3.86% [4]. - Cisco shares have increased by 20.1% year-to-date, underperforming the broader Zacks Computer & Technology sector, which has risen by 24.3% [13]. Competitive Landscape - Cisco faces stiff competition from companies like Arista Networks, Dell Technologies, and Hewlett Packard Enterprise in the AI networking and enterprise security sectors [19][20]. - Despite the competition, Cisco's aggressive AI initiatives and security enhancements are seen as key growth drivers, with AI Infrastructure orders reaching $2 billion in fiscal 2025, double the initial expectations [17][20]. Innovations and Developments - Recent innovations include the introduction of the Cisco 8223 routing system and the P200 chip, aimed at enhancing data center connectivity and supporting AI workloads [18][19]. - Cisco is also expanding its Webex ecosystem and introducing new AI-powered tools to improve customer experience management [18].