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Apr 30, 2022

Keysight Technologies Q2 2022 Earnings Report

Keysight Technologies reported record Q2 orders and all-time record revenue, and raised fiscal year outlook.

Key Takeaways

Keysight Technologies reported a strong second quarter, exceeding revenue and EPS guidance, driven by strong demand for its solutions and successful navigation of geopolitical and supply chain challenges.

Orders grew 9 percent to reach $1.46 billion.

Revenue grew 11 percent to reach $1.35 billion.

GAAP net income was $258 million, or $1.41 per share.

Non-GAAP net income was $334 million, or $1.83 per share.

Total Revenue
$1.35B
Previous year: $1.22B
+10.6%
EPS
$1.83
Previous year: $1.44
+27.1%
Gross Profit
$859M
Previous year: $737M
+16.6%
Cash and Equivalents
$1.89B
Previous year: $1.99B
-5.4%
Free Cash Flow
$245M
Previous year: $369M
-33.6%
Total Assets
$7.76B
Previous year: $7.69B
+1.0%

Keysight Technologies

Keysight Technologies

Keysight Technologies Revenue by Segment

Forward Guidance

Keysight’s third fiscal quarter of 2022 revenue is expected to be in the range of $1.33 billion to $1.35 billion. Non-GAAP earnings per share for the third fiscal quarter of 2022 are expected to be in the range of $1.74 to $1.80. Full fiscal year 2022 revenue growth is expected to approach 8 percent. Non-GAAP earnings per share growth for fiscal year 2022 is expected to be in the range of 14 to 15 percent.

Revenue & Expenses

Visualization of income flow from segment revenue to net income