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Jan 31, 2023
Keysight Technologies Q1 2023 Earnings Report
Keysight Technologies reported strong first quarter financial results, with revenue and earnings per share exceeding guidance.
Key Takeaways
Keysight Technologies reported a strong first quarter with revenue growing by 10% to $1.38 billion and non-GAAP EPS of $2.02, exceeding the high end of guidance. The company's performance was driven by strong execution, customer collaborations, and a differentiated solutions portfolio.
Revenue grew 10% to $1.38 billion compared to $1.25 billion last year.
GAAP net income was $260 million, or $1.45 per share, compared to $229 million, or $1.24 per share in Q1 2022.
Non-GAAP net income was $363 million, or $2.02 per share, compared to $305 million, or $1.65 per share in Q1 2022.
Communications Solutions Group (CSG) revenue was $939 million, up 7% year-over-year, while Electronic Industrial Solutions Group (EISG) revenue was $442 million, up 19% year-over-year.
Revenue by Segment
Forward Guidance
Keysight expects second fiscal quarter 2023 revenue to be in the range of $1.37 billion to $1.39 billion and non-GAAP earnings per share to be in the range of $1.91 to $1.97.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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