NYSE$KEYS

Keysight Technologies Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Keysight Technologies reported record Q2 orders and all-time record revenue, and raised fiscal year outlook.

Keysight Technologies reported a strong second quarter, exceeding revenue and EPS guidance, driven by strong demand for its solutions and successful navigation of geopolitical and supply chain challenges.

  • Orders grew 9 percent to reach $1.46 billion.
  • Revenue grew 11 percent to reach $1.35 billion.
  • GAAP net income was $258 million, or $1.41 per share.
  • Non-GAAP net income was $334 million, or $1.83 per share.

Headline financials

Total Revenue

$1.35B

Previous: $1.22B+10.6%
EPS (adj)

$1.83

Previous: $1.44+27.1%
Capital Expenditures

-$95M

Previous: -$61M-55.7%
Free Cash Flow

$427M

Previous: $636M-32.9%
Net Income

$258M

Previous: $186M+38.7%
Operating Income

$327M

Previous: $235M+39.1%
Gross Profit

$859M

Previous: $737M+16.6%
Cash & Equivalents

$1.89B

Previous: $1.99B-5.4%
Total Assets

$7.76B

Previous: $7.69B+1.0%
Stock-Based Comp

$27M

Previous: $21M+28.6%

Revenue & EPS history

Keysight Technologies · Revenue · Quarterly

$1.35B

Q2 2022+10.6%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Keysight Technologies · $1.35B total across 2 segments · Q2 2022

  • Communications Solutions Group
    $963M+9.8%
  • Electronic Industrial Solutions Group
    $388M+12.8%

Forward guidance

Keysight’s third fiscal quarter of 2022 revenue is expected to be in the range of $1.33 billion to $1.35 billion. Non-GAAP earnings per share for the third fiscal quarter of 2022 are expected to be in the range of $1.74 to $1.80. Full fiscal year 2022 revenue growth is expected to approach 8 percent. Non-GAAP earnings per share growth for fiscal year 2022 is expected to be in the range of 14 to 15 percent.

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 Q2 2022

Historical avgQ2 2022

+0.6%

Avg return

Earnings day

+1.7%

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%
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%
Q2 2014-1.0%
Q1 2014-1.0%
Q4 2013-1.0%
Q2 2015-10.6%
Q4 2014-1.5%
Q1 2015+2.2%
Q3 2013
Q2 2013
Q1 2013

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