Record-Breaking Q1 Revenue and EPS
Q1 revenue increased 8% year over year, with product revenue up 10%. Non-GAAP earnings per share grew by 10%, exceeding guidance.
Strong AI Infrastructure Demand
Total product orders grew 13% year over year, with AI infrastructure orders totaling $1.3 billion in Q1. Expecting $3 billion in AI infrastructure revenue for fiscal year 2026.
Growth in Networking and Public Sector
Networking product orders accelerated to high teens growth in Q1. Public sector orders were up 12% year over year.
Strong Capital Returns
Returned $3 billion to shareholders through dividends and share repurchases, representing 125% of free cash flow in Q1.
Robust Cash Position
Operating cash flow was $3.2 billion, with total cash, cash equivalents, and investments of $15.7 billion.