Investment Thesis - The company is expected to generate close to $12 per share by 2030, representing a potential return of 12% if purchased at the current price [4]. Financial Performance - For Q2 2024, the company reported revenue of $1.22 billion, exceeding expectations by 1% [8]. - EBITDA for Q2 2024 was $332 million, also beating estimates by 1.4% [8]. - Earnings per share (EPS) for Q2 2024 was $1.41, surpassing expectations by 1.6% [8]. - Revenue for Q1 2024 was $1.259 billion, reflecting an 8.8% decline compared to FY2023 [8]. - Q2 2024 revenue decreased by 12.5% compared to the same quarter in FY2023 [13]. - The company anticipates Q3 2024 revenue to be between $1.180 billion and $1.200 billion, with EPS expected to range from $1.30 to $1.36 [8]. Market Context - The company is experiencing a general industry downturn, with similar companies also facing revenue declines, attributed to high-interest rates affecting client capital expenditures [8][13]. - The semiconductor industry outlook is projected to improve by 2025, with decreasing inventories and increasing demand in specific areas [9]. Valuation Metrics - The company is currently trading at a P/E ratio of 34 based on 2024 earnings, which is considered high due to expected margin compression and lower income [9]. - The P/E ratio is projected to decrease to 23 by 2025 as profit margins recover [9]. - Free Cash Flow (FCF) is expected to decline more than revenue this year, but future growth in FCF per share is estimated at 12% annually [10]. Conclusion - Despite current challenges, the company is not losing market share, and the economic slowdown is viewed as temporary, making the current valuation more attractive for potential investment [18].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2024 Santa Rosa California 95403 (Address of principal executive offices) (Zip Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-36334 KEYSIGHT TECHNOLOGIES ...

Revenues Quarterly net sales were $1.22 billion compared with $1.39 billion recorded in the year-ago quarter. Total orders declined 8% year over year to $1.21 billion. Weak demand in multiple end markets hindered revenue growth. However, the top line beat the Zacks Consensus Estimate by $17 million. Communication Solutions Group (CSG) generated $840 million in revenues, down 10% year over year. The company witnessed net sales decline year over year in the Aerospace, Defense & Government end markets. However ...

A KEYSIGHT May 20, 2024 This communication contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created therein. Statements preceded by, followed by, or that otherwise include the words "anticipate," "assume," "plan," "estimate," "expect," "guidance," "intend," "implied," "target," "believe," "outlook," and similar words or expressions, or future or condi ...

Shares of Keysight have returned +8.4% over the past month versus the Zacks S&P 500 composite's +5.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Revenue- Communications Solutions Group: $840 million versus $813.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.4% change. Revenue- Commercial Communications: $563 million versus the three-analyst averag ...

Keysight (KEYS) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non- recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have ...

Exhibit 99.1 Keysight Technologies Reports Second Quarter 2024 Results Achieves above guidance results on strong execution; full-year outlook unchanged SANTA ROSA, Calif., May 20, 2024 - Keysight Technologies, Inc. (NYSE: KEYS) today reported financial results for the second fiscal quarter ended April 30, 2024. "Keysight executed well and delivered second quarter results above the high end of our guidance in a market environment that was consistent with the prior quarter," said Satish Dhanasekaran, Keysight ...

Analysts on Wall Street project that Keysight (KEYS) will announce quarterly earnings of $1.38 per share in its forthcoming report, representing a decline of 34.9% year over year. Revenues are projected to reach $1.2 billion, declining 13.6% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates du ...

Keysight Technologies, Inc. (KEYS) is scheduled to report second-quarter fiscal 2024 results on May 20 after the closing bell. It pulled off a trailing four-quarter earnings surprise of 6.39%, on average. Based in Santa Rosa, CA, the electronic design company is expected to have recorded a top-line decline year over year, owing to demand softness in various end markets. However, portfolio expansion through cutting-edge innovations catering to emerging markets, such as electric vehicles, AI data centers and ...

Keysight Technologies Inc. (KEYS) recently announced that its Ultra-WideBand (UWB) testing solutions effectively match the requirements for physical layer conformance testing outlined in the FiRa 2.0 Core Technical and Test Specifications. UWB is an energy-efficient radio technology that is utilized in high-bandwidth communications due to its precise ranging across a broad spectrum.Even in densely populated environments where there can be interference from other signals, it delivers accurate measurements be ...