earnings
confidence high
sentiment positive
materiality 0.75
Keysight Q1 revenue $1.38B (+10% YoY), non-GAAP EPS $2.02 beat guidance; Q2 outlook in line
Keysight Technologies, Inc.
2023-Q1 EPS reported
$1.45
revenue$1,381,000,000
- GAAP net income $260M ($1.45 EPS) vs $229M ($1.24 EPS) YoY; non-GAAP net income $363M ($2.02 EPS) vs $305M ($1.65 EPS).
- CSG revenue $939M (+7% YoY) driven by 5G, O-RAN, 800G, and space/satellite; EISG revenue $442M (+19% YoY) on automotive and energy.
- Q2 FY2023 guidance: revenue $1.37B-$1.39B, non-GAAP EPS $1.91-$1.97; repurchased 711K shares for $125M in Q1.
- Cash and equivalents $2.23B as of Jan 31, 2023; core revenue growth 14% excluding currency and M&A.