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Apr 30, 2023

Keysight Technologies Q2 2023 Earnings Report

Keysight Technologies reported record second quarter revenue, record gross margin, and free cash flow, driven by strong execution and above guidance non-GAAP EPS.

Key Takeaways

Keysight Technologies reported a strong second quarter with record revenue, gross margin, and free cash flow. Revenue grew 3% to $1.39 billion, and non-GAAP EPS was above guidance.

Record second quarter revenue achieved.

Record gross margin attained.

Record free cash flow generated.

Non-GAAP EPS exceeded guidance.

Total Revenue
$1.39B
Previous year: $1.35B
+2.9%
EPS
$2.12
Previous year: $1.83
+15.8%
Gross Profit
$909M
Previous year: $859M
+5.8%
Cash and Equivalents
$2.5B
Previous year: $1.89B
+32.4%
Free Cash Flow
$370M
Previous year: $245M
+51.0%
Total Assets
$8.71B
Previous year: $7.76B
+12.2%

Keysight Technologies

Keysight Technologies

Keysight Technologies Revenue by Segment

Forward Guidance

Keysight expects third 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 $2.00 to $2.06.

Revenue & Expenses

Visualization of income flow from segment revenue to net income