Keysight Technologies, Inc.'s Stock Analysis

Keysight Technologies Reports Q3 2025 Financial Results

Keysight Technologies reported its financial results for the third fiscal quarter ending July 31, 2025, revealing revenue of $1.35 billion, an increase from $1.22 billion in the same quarter of the previous year. The company's GAAP net income was $191 million, or $1.10 per share, down from $389 million, or $2.22 per share, in Q3 2024. In contrast, non-GAAP net income rose to $297 million, or $1.72 per share, compared to $275 million, or $1.57 per share, in the prior year. The company generated $322 million in cash flow from operations and reported free cash flow of $291 million, both showing improvements from the previous year.

The Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG) both posted revenue increases of 11% year-over-year, with CSG revenue reaching $940 million and EISG revenue at $412 million. Keysight has raised its full-year outlook, projecting fourth quarter revenues between $1.370 billion and $1.390 billion, with expected non-GAAP earnings per share in the range of $1.79 to $1.85. As of July 31, 2025, the company held $3.40 billion in cash, cash equivalents, and restricted cash.

Aug 19, 2025 16:07:08

Keysight Technologies Reports Strong Q2 2025 Financial Results

Keysight Technologies, Inc. reported its financial results for the second fiscal quarter ended April 30, 2025, achieving revenue of $1.31 billion, an increase from $1.22 billion in the same quarter last year. The company also reported a GAAP net income of $257 million, or $1.49 per share, compared to $126 million, or $0.72 per share, in the second quarter of 2024. Non-GAAP net income was $295 million, or $1.70 per share, up from $247 million, or $1.41 per share, in the previous year. Additionally, cash flow from operations significantly increased to $484 million from $110 million in the prior year, with free cash flow reaching $457 million, compared to $74 million in Q2 2024. As of April 30, 2025, the company had cash and cash equivalents totaling $3.12 billion.

The Communications Solutions Group saw revenue of $913 million, reflecting a 9 percent growth from the previous year, while the Electronic Industrial Solutions Group reported revenue of $393 million, a 5 percent increase. Looking ahead, Keysight expects third fiscal quarter 2025 revenue to be in the range of $1.305 billion to $1.325 billion, with non-GAAP earnings per share anticipated between $1.63 and $1.69. The company has raised its full-year growth expectations to align with its long-term target of 5-7% growth.

May 20, 2025 16:06:52

Keysight Technologies Issues $750 Million in Notes Due 2030

Keysight Technologies, Inc. has issued $750 million in 5.350% Notes due 2030. The sale was conducted under an underwriting agreement and the proceeds are intended for general corporate purposes, including financing a potential acquisition of Spirent communications plc. The Notes are unsecured and will mature on July 30, 2030, with interest payable semi-annually starting January 30, 2026.

The Notes can be redeemed at the Company's option, with specific terms regarding redemption prices based on timing. The Indenture associated with the Notes includes limitations on creating liens and entering into sale and leaseback transactions, as well as customary events of default. The full terms are detailed in the Base Indenture and Second Supplemental Indenture, which are incorporated by reference in the Shelf Registration Statement.

Apr 17, 2025 16:15:55

Keysight Technologies Reports Q1 2025 Revenue and Income Changes

Keysight Technologies reported a revenue increase to $1.30 billion in the first quarter of 2025, up from $1.26 billion in the same quarter of 2024. Non-GAAP net income also rose to $317 million, or $1.82 per share, compared to $286 million, or $1.63 per share, in the previous year. Cash flow from operations improved to $378 million from $328 million, with free cash flow increasing to $346 million from $281 million last year. The Communications Solutions Group showed a 5 percent revenue growth, while cash and cash equivalents totaled $2.06 billion as of January 31, 2025, reflecting a solid liquidity position for the company.

Conversely, GAAP net income slightly declined to $169 million, or $0.97 per share, from $172 million, or $0.98 per share, year-over-year. The Electronic Industrial Solutions Group experienced a 1 percent drop in revenue to $415 million, indicating mixed demand across its markets. Additionally, the company reported a decrease in operating income for the EISG segment, which fell to $114 million from $129 million, highlighting some challenges in that area. Overall, while the company showed growth in several key metrics, certain segments faced declines.

Feb 25, 2025 16:08:43

Keysight Technologies Reports $1.29 Billion Revenue in Q4 2024

Keysight Technologies reported fourth quarter revenue of $1.29 billion, slightly down from $1.31 billion last year. The company experienced a GAAP net loss of $73 million, attributed to a significant tax expense related to a new incentive in Singapore, contrasting with a net income of $226 million in the same quarter of 2023. Non-GAAP net income also declined to $288 million from $352 million year-over-year, while cash flow from operations decreased to $359 million compared to $378 million in the previous year.

For the fiscal year 2024, Keysight's revenue totaled $4.98 billion, a decrease from $5.46 billion in fiscal 2023. The GAAP net income dropped to $614 million from $1.06 billion, and non-GAAP net income fell to $1.10 billion from $1.49 billion. The report highlighted a 6% revenue decline in the Electronic Industrial Solutions Group and an 8% drop in aerospace, defense, and government sectors. Despite these challenges, the company maintained a cash reserve of $1.80 billion as of October 31, 2024.

Nov 19, 2024 16:06:36

Keysight Technologies Reports Strong Q3 2024 Performance

Keysight Technologies reported better-than-expected financial results for the third quarter of 2024, with revenue of $1.22 billion and a net income of $389 million, significantly surpassing prior guidance. The company experienced a notable increase in cash flow from operations, reaching $255 million, and free cash flow also improved to $222 million. Despite some declines in revenue from specific segments, the overall performance reflects stability in market conditions and a positive outlook for future orders in the second half of the year.

However, Keysight's revenue decreased compared to the same period last year, with a 12% drop overall. The Communications Solutions Group and Electronic Industrial Solutions Group saw declines of 8% and 20%, respectively, indicating challenges in commercial communications and industrial sectors. While the company maintains a solid cash position of $1.63 billion, the declines in certain segments may raise concerns about sustained growth in a competitive market.

Aug 20, 2024 16:06:33

Keysight Technologies Q2 2024 Results Overview

Keysight Technologies exceeded guidance in Q2 2024 despite revenue decline. CEO noted stability in various markets. GAAP net income and cash flow decreased compared to last year. Revenue from Communications Solutions and Electronic Industrial Solutions Groups declined. Q3 2024 outlook projects revenue of $1.18-$1.20 billion and non-GAAP EPS of $1.30-$1.36. A webcast for investors discussing financial results and outlook is available.

May 20, 2024 16:06:12

Keysight Technologies Q1 2024 Strong Results and Acquisition

Keysight Technologies exceeded Q1 revenue guidance, with net income slightly lower than last year. The company completed the ESI acquisition ahead of schedule. Revenue for CSG and EISG segments declined due to market constraints. Q2 2024 revenue outlook is $1.19-1.21 billion. Non-GAAP EPS for Q2 is expected to be $1.34-1.40. Management will discuss financial results and outlook in a webcast.

Feb 20, 2024 16:06:56

Keysight Technologies Reports Record Revenue and Margin Growth in Fiscal Year 2023

Keysight Technologies reported record revenue, gross margin, and operating margin for fiscal year 2023. Despite a decrease in fourth quarter revenue compared to the previous year, the company achieved solid results. The Communications Solutions Group saw a decline in commercial communications but an increase in aerospace, defense, and government revenue. The Electronic Industrial Solutions Group also experienced a decrease in revenue due to reduced semiconductor and manufacturing-related spending. Keysight’s outlook for the first quarter of fiscal year 2024 indicates expected revenue and non-GAAP earnings per share. The company will present further details in a webcast available on their website.

Nov 20, 2023 16:07:04