earnings
confidence high
sentiment negative
materiality 0.75
Keysight Q3 revenue $1.22B (-12% YoY); non-GAAP EPS $1.57; guides Q4 rev $1.245-1.265B
Keysight Technologies, Inc.
2024-Q3 EPS reported
$3.92
revenue$3,692,000,000
- Revenue $1.22B, down 12% YoY from $1.38B; non-GAAP EPS $1.57 vs $2.19 YoY (includes 16¢ tax benefit).
- GAAP net income $389M ($2.22 EPS) includes 94¢ benefit from effective tax rate change.
- CSG revenue $847M (-8% YoY); EISG revenue $370M (-20% YoY) on weak auto/industrial spending.
- Q4 2024 guidance: revenue $1.245B-$1.265B; non-GAAP EPS $1.53-$1.59; CEO sees gradual recovery in 2025.
- Free cash flow $222M; cash & equivalents $1.63B; operating cash flow $255M.