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Oct 31, 2024

Keysight Technologies Q4 2024 Earnings Report

Keysight Technologies reported Q4 2024 earnings above guidance due to strong execution amidst consistent market conditions.

Key Takeaways

Keysight Technologies reported Q4 revenue of $1.29 billion and a GAAP net loss of $73 million, or $0.42 per share, which includes a $315 million tax expense. Non-GAAP net income was $288 million, or $1.65 per share. The company's performance exceeded the high end of guidance.

Q4 revenue was $1.29 billion, slightly down from $1.31 billion last year.

GAAP net loss was $73 million, or $0.42 per share, compared to a net income of $226 million, or $1.28 per share, in Q4 2023, impacted by a $315 million tax expense.

Non-GAAP net income was $288 million, or $1.65 per share, compared to $352 million, or $1.99 per share, in Q4 2023.

Cash flow from operations was $359 million, and free cash flow was $328 million.

Total Revenue
$1.29B
Previous year: $1.31B
-1.8%
EPS
$1.65
Previous year: $1.99
-17.1%
Gross Profit
$802M
Previous year: $844M
-5.0%
Cash and Equivalents
$1.8B
Previous year: $2.47B
-27.3%
Free Cash Flow
$328M
Previous year: $340M
-3.5%
Total Assets
$9.27B
Previous year: $8.68B
+6.7%

Keysight Technologies

Keysight Technologies

Keysight Technologies Revenue by Segment

Forward Guidance

Keysight expects Q1 2025 revenue to be in the range of $1.265 billion to $1.285 billion, and non-GAAP earnings per share to be in the range of $1.65 to $1.71.

Revenue & Expenses

Visualization of income flow from segment revenue to net income