Key Takeaways:
Keysight Technologies Inc. (KEYS) reported record fiscal second-quarter revenue of $1.72 billion and guided for continued growth, sending its shares up 8 percent in after-hours trading.
"Keysight delivered the strongest quarter in the company's history, capping a record first half with all-time highs in orders, revenue, EPS, and free cash flow," CEO Satish Dhanasekaran said.
The electronic measurement company's revenue grew 31 percent year-over-year, beating analyst estimates of $1.71 billion. Adjusted earnings of $2.87 per share surpassed the consensus of $2.32. The performance was driven by strong growth in both of its main segments.
For the upcoming third quarter, Keysight expects revenue to be between $1.73 billion and $1.75 billion, well ahead of the $1.65 billion analysts had projected. The company forecast adjusted earnings per share of $2.43 to $2.49, also above the consensus estimate of $2.16.
The Communications Solutions business saw revenue increase 35 percent year-over-year to $1.23 billion. The Electronic Industrial Solutions segment posted revenue of $486 million, a 24 percent increase from the prior year.
The strong results and guidance suggest that demand for Keysight's electronic design and test solutions remains robust across the technology and industrial sectors. The company's performance provides a positive signal for the broader electronics and semiconductor markets.
This article is for informational purposes only and does not constitute investment advice.
