Keysight Technologies Q3 2020 Earnings Report
Key Takeaways
Keysight Technologies reported stronger-than-expected third-quarter results with sequential revenue growth driving strong operating margin and cash flow. Despite a challenging macroeconomic environment, the company demonstrated exceptional resilience and expects year-over-year revenue and earnings growth in the fourth quarter.
Orders totaled $1,067 million, a decrease of 4% compared to the previous year.
GAAP revenue reached $1,011 million, while non-GAAP revenue decreased by 7% on a core basis.
GAAP net income was $176 million, or $0.93 per share, compared to $159 million, or $0.83 per share, in Q3 2019.
Cash and cash equivalents totaled $1,697 million as of July 31, 2020.
Keysight Technologies
Keysight Technologies
Keysight Technologies Revenue by Segment
Forward Guidance
Keysight anticipates fourth fiscal quarter 2020 revenue to be between $1,170 million and $1,190 million, with non-GAAP earnings per share expected to range from $1.42 to $1.48.
Revenue & Expenses
Visualization of income flow from segment revenue to net income