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Jul 31, 2020
Keysight Technologies Q3 2020 Earnings Report
Keysight Technologies' third quarter results surpassed expectations due to increased production capacity and strong business resilience.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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