$Cisco(CSCO)$ a leading provider of networking infrastructure, released its first-quarter financial results for fiscal year 2026, ending October 25, 2025, after market hours on the 12th.Overall, this earnings report exceeded market expectations. Driven by robust demand for AI infrastructure, the company delivered record-breaking Q1 revenue and profits, while providing optimistic full-year guidance that propelled its stock price higher in after-hours trading. However, beneath the surface of strong growth lie underlying weaknesses in traditional businesses and an unexpected decline in operating cash flow.Specifically,Total revenue exceeded expectations, with AI-driven "network" business emerging as the dominant force.Total revenue for the quarter re
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