Keysight Technologies Q2 2024 Earnings Report
Key Takeaways
Keysight Technologies reported Q2 2024 revenue of $1.22 billion, a decrease from $1.39 billion in Q2 2023. GAAP net income was $126 million, or $0.72 per share, compared to $283 million, or $1.58 per share, in the same quarter last year. Non-GAAP net income was $247 million, or $1.41 per share, compared to $380 million, or $2.12 per share, in Q2 2023. The company's full-year outlook is unchanged, anticipating modest order growth in the second half.
Revenue was $1.22 billion, down from $1.39 billion in the second quarter of 2023.
GAAP net income was $126 million, or $0.72 per share, compared to $283 million, or $1.58 per share, in the second quarter of 2023.
Non-GAAP net income was $247 million, or $1.41 per share, compared to $380 million, or $2.12 per share in the second quarter of 2023.
Keysight’s third fiscal quarter of 2024 revenue is expected to be in the range of $1.18 billion to $1.20 billion.
Keysight Technologies
Keysight Technologies
Keysight Technologies Revenue by Segment
Forward Guidance
Keysight’s third fiscal quarter of 2024 revenue is expected to be in the range of $1.18 billion to $1.20 billion. Non-GAAP earnings per share for the third fiscal quarter of 2024 are expected to be in the range of $1.30 to $1.36, based on a weighted diluted share count of approximately 175 million shares.
Revenue & Expenses
Visualization of income flow from segment revenue to net income