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Jul 31, 2024
Keysight Technologies Q3 2024 Earnings Report
Keysight delivered revenue and earnings above guidance, with full-year outlook improved.
Key Takeaways
Keysight Technologies reported revenue of $1.22 billion and GAAP net income of $389 million, or $2.22 per share, for the third quarter of 2024. The company's performance exceeded the high end of its guidance, and it anticipates second-half orders to surpass first-half orders, with a gradual recovery expected in 2025.
Revenue was $1.22 billion, compared to $1.38 billion in the third quarter of 2023.
GAAP net income was $389 million, or $2.22 per share, including a 94-cent year-to-date tax benefit.
Non-GAAP net income was $275 million, or $1.57 per share, including a 16-cent year-to-date tax benefit.
Free cash flow was $222 million, compared to $196 million in the third quarter of 2023.
Keysight Technologies
Keysight Technologies
Keysight Technologies Revenue by Segment
Revenue by Segment
Comm Solutions Revenue
CapyFin.comElectronic Industrial Revenue
CapyFin.com Forward Guidance
Keysight expects fourth fiscal quarter of 2024 revenue to be in the range of $1.245 billion to $1.265 billion. Non-GAAP earnings per share for the fourth fiscal quarter of 2024 are expected to be in the range of $1.53 to $1.59.
Revenue & Expenses
Visualization of income flow from segment revenue to net income