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Jul 31, 2022

Keysight Technologies Q3 2022 Earnings Report

Keysight Technologies achieved record revenue and EPS.

Key Takeaways

Keysight Technologies reported an exceptional third quarter with revenue and EPS exceeding the high end of guidance. Revenue grew by 10 percent to reach $1.38 billion, and GAAP net income was $338 million, or $1.87 per share.

Orders grew 12 percent to reach $1.46 billion.

Revenue grew 10 percent to reach $1.38 billion.

GAAP net income was $338 million, or $1.87 per share.

Non-GAAP net income was $363 million, or $2.01 per share.

Total Revenue
$1.38B
Previous year: $1.25B
+10.4%
EPS
$2.01
Previous year: $1.54
+30.5%
Gross Profit
$877M
Previous year: $788M
+11.3%
Cash and Equivalents
$1.85B
Previous year: $2.15B
-14.2%
Free Cash Flow
$192M
Previous year: $217M
-11.5%
Total Assets
$7.85B
Previous year: $7.8B
+0.6%

Keysight Technologies

Keysight Technologies

Keysight Technologies Revenue by Segment

Forward Guidance

Keysight’s fourth fiscal quarter of 2022 revenue is expected to be in the range of $1.38 billion to $1.40 billion. Non-GAAP earnings per share for the fourth fiscal quarter of 2022 are expected to be in the range of $1.94 to $2.00. Full fiscal year 2022 revenue growth is expected to approach 9 percent. At the midpoint of fourth quarter guidance, non-GAAP earnings per share growth for fiscal year 2022 is expected to be 20 percent.

Revenue & Expenses

Visualization of income flow from segment revenue to net income