Cisco Systems (CSCO) will report its first-quarter fiscal 2027 earnings today after the market closes.

Analysts expect the company to report revenue of $18.11 billion to $18.12 billion, representing roughly 22% year-over-year growth and falling within Cisco’s guidance range of $18 billion to $18.2 billion.

The consensus calls for non-GAAP earnings of $1.32 to $1.33 per share, up about 32% year-over-year and within Cisco’s guided range of $1.32 to $1.34.

Analysts also expect adjusted gross margins of approximately 65%.

For full-year fiscal 2027, revenue is projected to range from $72 billion to $73.4 billion, compared with company guidance of $72.2 billion to $73.4 billion. Full-year non-GAAP EPS consensus stands at approximately $5.13 to $5.15 per share.