Cisco has increased its fiscal 2026 revenue forecast to a range of $60.2 billion to $61 billion, citing strong demand for AI-ready networking systems. The company reported a Q1 revenue of $14.9 billion, marking an 8% increase compared to the previous year. Orders for AI infrastructure reached $1.3 billion in the latest quarter, contributing to the positive outlook. Following the earnings announcement, Cisco's shares climbed by 8%.