NYSE$KEYS

Keysight Technologies Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Keysight Technologies achieved record revenue and EPS.

Keysight Technologies reported an exceptional third quarter with revenue and EPS exceeding the high end of guidance. Revenue grew by 10 percent to reach $1.38 billion, and GAAP net income was $338 million, or $1.87 per share.

  • Orders grew 12 percent to reach $1.46 billion.
  • Revenue grew 10 percent to reach $1.38 billion.
  • GAAP net income was $338 million, or $1.87 per share.
  • Non-GAAP net income was $363 million, or $2.01 per share.

Headline financials

Total Revenue

$1.38B

Previous: $1.25B+10.4%
EPS (adj)

$2.01

Previous: $1.54+30.5%
Capital Expenditures

-$127M

Previous: -$101M-25.7%
Free Cash Flow

$619M

Previous: $853M-27.4%
Net Income

$338M

Previous: $254M+33.1%
Operating Income

$357M

Previous: $284M+25.7%
Gross Profit

$877M

Previous: $788M+11.3%
Cash & Equivalents

$1.85B

Previous: $2.15B-14.2%
Total Assets

$7.85B

Previous: $7.8B+0.6%
Stock-Based Comp

$25M

Previous: $19M+31.6%

Revenue & EPS history

Keysight Technologies · Revenue · Quarterly

$1.38B

Q3 2022+10.4%vs Q3 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Keysight Technologies · $1.38B total across 2 segments · Q3 2022

  • Communications Solutions Group
    $970M+10.9%
  • Electronic Industrial Solutions Group
    $406M+9.4%

Forward guidance

Keysight’s fourth fiscal quarter of 2022 revenue is expected to be in the range of $1.38 billion to $1.40 billion. Non-GAAP earnings per share for the fourth fiscal quarter of 2022 are expected to be in the range of $1.94 to $2.00. Full fiscal year 2022 revenue growth is expected to approach 9 percent. At the midpoint of fourth quarter guidance, non-GAAP earnings per share growth for fiscal year 2022 is expected to be 20 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 Q3 2022

Historical avgQ3 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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