US stock market activity | Cisco (CSCO.US) rises nearly 7% in pre-market trading after better-than-expected Q1 earnings report.

According to the Securities Times APP, on Thursday, Cisco (CSCO.US) rose nearly 7% before the market opened, reaching $78.76. On the news front, Cisco announced better-than-expected performance for the first quarter of its 2026 fiscal year and provided optimistic guidance, indicating progress in acquiring more artificial intelligence (AI) related expenses. The financial report shows that Cisco's first-quarter revenue rose 8% year-on-year to $14.9 billion, beating analysts' consensus of $14.8 billion. Under Non-GAAP accounting standards, net profit was $4 billion, up 9% year-on-year; earnings per share were $1.00, compared to $0.91 in the same period last year, beating analysts' consensus of $0.98.