NYSE$KEYS

Keysight Technologies Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record first quarter orders and revenue, driven by strong execution and robust demand across all regions, exceeding guidance.

Keysight Technologies reported an outstanding first quarter with revenue and earnings exceeding the high end of their guidance. Order and revenue growth were driven by strong execution and robust demand for their solutions across all regions. The company enters the year with momentum across multiple end markets and confidence in their revenue and earnings growth trajectory.

  • Orders grew 7 percent to reach $1.22 billion.
  • Revenue grew 8 percent to reach $1.18 billion.
  • GAAP net income was $172 million, or $0.92 per share.
  • Non-GAAP net income was $270 million, or $1.43 per share.

Headline financials

Total Revenue

$1.18B

Previous: $1.1B+7.8%
EPS (adj)

$1.43

Previous: $1.26+13.5%
Capital Expenditures

-$28M

Previous: -$32M+12.5%
Free Cash Flow

$267M

Previous: $165M+61.8%
Net Income

$172M

Previous: $163M+5.5%
Operating Income

$212M

Previous: $203M+4.4%
Gross Profit

$707M

Previous: $655M+7.9%
Cash & Equivalents

$1.89B

Previous: $1.69B+11.6%
Total Assets

$7.49B

Previous: $6.84B+9.5%
Stock-Based Comp

$43M

Previous: $39M+10.3%

Revenue & EPS history

Keysight Technologies · Revenue · Quarterly

$1.18B

Q1 2021+7.8%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Keysight Technologies · $1.18B total across 2 segments · Q1 2021

  • Communications Solutions Group
    $852M+4.2%
  • Electronic Industrial Solutions Group
    $328M+18.4%

Forward guidance

Keysight’s second fiscal quarter of 2021 revenue is expected to be in the range of $1.19 billion to $1.21 billion. Non-GAAP earnings per share for the second fiscal quarter of 2021 are expected to be in the range of $1.29 to $1.35.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

29 / 51 earnings

Positive

+14.9%

Q3 2019

Best reaction

-14.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-5.1%-2.7%+1.3%
Q1 2026+4.9%+25.4%+14.7%
Q4 2025-5.2%+11.4%+15.6%
Q3 2025-3.3%+1.1%+9.0%
Q2 2025+0.0%-1.7%-2.1%
Q1 2025-6.9%-9.5%-12.7%
Q4 2024+9.3%+12.5%+5.6%
Q3 2024+13.9%+11.9%+12.2%
Q2 2024-7.0%-8.4%-13.5%
Q1 2024-7.2%-3.4%-0.6%
Q4 2023+1.0%+2.1%+17.6%
Q3 2023-14.2%-14.7%-11.9%
Q2 2023+6.0%+5.6%+11.2%
Q1 2023-14.0%-15.1%-15.8%
Q4 2022+3.2%+4.6%+4.4%
Q3 2022+5.1%-0.0%-3.0%
Q2 2022+0.6%+1.9%-3.1%
Q1 2022-5.6%-6.8%-5.1%
Q4 2021+0.3%-1.7%+3.1%
Q3 2021+1.4%+4.2%+7.9%
Q2 2021+1.9%+1.7%+6.6%
Q1 2021-4.6%-6.4%-9.6%
Q4 2020+0.3%-0.3%+9.1%
Q3 2020-7.8%-6.2%-6.6%
Q2 2020-0.3%+5.9%-1.6%
Q1 2020-2.6%-1.5%-14.8%
Q4 2019+1.6%+0.7%-2.5%
Q3 2019+14.9%+9.0%+13.1%
Q2 2019+8.7%+1.5%+22.8%
Q1 2019+1.7%+4.4%+4.5%
Q4 2018+3.2%+1.8%+5.4%
Q3 2018+6.6%+4.5%+7.8%
Q2 2018+10.8%+15.2%+11.3%
Q1 2018+5.1%+11.8%+11.4%
Q4 2017+1.3%+0.1%+4.1%
Q3 2017+3.6%+2.8%+5.6%
Q2 2017-3.3%-5.7%-3.1%
Q1 2017-0.5%-0.2%+2.4%
Q4 2016+2.2%+4.2%+3.4%
Q3 2016-0.6%+2.4%-1.2%
Q2 2016+14.2%
Q1 2016+3.7%
Q4 2015-5.6%
Q3 2014+1.3%
Q3 2015+9.2%
Q1 2014-1.0%
Q4 2013-1.0%
Q2 2014-1.0%
Q2 2015-10.6%
Q4 2014-1.5%
Q1 2015+2.2%
Q3 2013
Q2 2013
Q1 2013

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