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Jul 31, 2023

Keysight Technologies Q3 2023 Earnings Report

Keysight Technologies achieved record third quarter revenue, operating margin, and non-GAAP EPS.

Key Takeaways

Keysight Technologies reported solid third quarter results with revenue of $1.38 billion, flat compared to last year but a 1% core growth. GAAP net income was $288 million, or $1.61 per share, while non-GAAP net income was $393 million, or $2.19 per share.

Revenue of $1.38 billion was flat compared with last year, and grew 1 percent on a core basis.

GAAP net income was $288 million, or $1.61 per share.

Non-GAAP net income was $393 million, or $2.19 per share.

Cash and cash equivalents totaled $2.57 billion as of July 31, 2023.

Total Revenue
$1.38B
Previous year: $1.38B
+0.4%
EPS
$2.19
Previous year: $2.01
+9.0%
Gross Profit
$896M
Previous year: $877M
+2.2%
Cash and Equivalents
$2.57B
Previous year: $1.85B
+39.3%
Free Cash Flow
$196M
Previous year: $192M
+2.1%
Total Assets
$8.83B
Previous year: $7.85B
+12.4%

Keysight Technologies

Keysight Technologies

Keysight Technologies Revenue by Segment

Forward Guidance

Keysight’s fourth fiscal quarter of 2023 revenue is expected to be in the range of $1.29 billion to $1.31 billion. Non-GAAP earnings per share for the fourth fiscal quarter of 2023 are expected to be in the range of $1.83 to $1.89.

Revenue & Expenses

Visualization of income flow from segment revenue to net income