Shares surged 30.5% following a quarter that materially outpaced expectations on revenue, earnings, backlog, and demand strength, driven by broad-based growth and accelerated customer investments in AI-related infrastructure.
- Revenue rose 40% year-over-year to $10.7 billion, reflecting strong demand and successful integrations.
- Non-GAAP EPS more than doubled, reaching $0.79, significantly above guidance.
- Free cash flow improved by $1.8 billion to $915 million, driven by operational efficiency and working capital improvements.
- Orders more than doubled, building a record backlog and signaling durable demand momentum.
- Strong performance across networking, including double-digit revenue growth and notable wins in AI-related campus and branch networking, as well as security segments.
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