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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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