Keysight Technologies reported strong Q4 2020 results with revenue up 9% year-over-year to $1.22 billion and non-GAAP EPS of $1.62. The company achieved record orders, revenue, gross margin, operating margin, and free cash flow for the quarter. Keysight also announced a new $750 million share repurchase program.
Revenue grew 9 percent year-over-year to reach $1.22 billion.
GAAP net income was $217 million, or $1.15 per share.
Non-GAAP net income was $305 million, or $1.62 per share.
Keysight announced a new share repurchase program for up to $750 million of its common stock.
Keysight’s first fiscal quarter of 2021 revenue is expected to be in the range of $1.14 billion to $1.16 billion. Non-GAAP earnings per share for the first fiscal quarter of 2021 are expected to be in the range of $1.32 to $1.38.
Visualization of income flow from segment revenue to net income