Keysight (KEYS) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.10%. A quarter ago, it was expected that this electronic measurement technology company would post earnings of $1.35 per share when it actually produced earnings of $1.57, delivering a surprise of 16.30%.Over the last f ...

Financial Performance - Fourth quarter revenue was $1.29 billion, a slight decrease from $1.31 billion in the same quarter last year [3]. - GAAP net loss for the fourth quarter was $73 million, or $0.42 per share, compared to a net income of $226 million, or $1.28 per share in Q4 2023 [4]. - Non-GAAP net income for the fourth quarter was $288 million, or $1.65 per share, down from $352 million, or $1.99 per share in Q4 2023 [4]. - Fiscal year 2024 revenue totaled $4.98 billion, down from $5.46 billion in fiscal year 2023 [5]. - GAAP net income for fiscal year 2024 was $0.61 billion, or $3.51 per share, compared to $1.06 billion, or $5.91 per share in fiscal year 2023 [5]. - Non-GAAP net income for fiscal year 2024 was $1.10 billion, or $6.27 per share, down from $1.49 billion, or $8.33 per share in fiscal year 2023 [5]. - Net income for the year ended October 31, 2024, was $614 million, down from $1,057 million in 2023, representing a decrease of 42% [26]. - The company reported a diluted EPS of $3.51 for the year ended October 31, 2024, down from $5.91 in 2023 [29]. Cash Flow and Assets - Cash flow from operations for fiscal year 2024 was $1.05 billion, compared to $1.41 billion in the previous year [6]. - Free cash flow for the year ended October 31, 2024, was $905 million, compared to $1,212 million in 2023, a decline of 25.3% [34]. - Total current assets decreased from $4,809 million in 2023 to $4,257 million in 2024, a decline of approximately 11.4% [23]. - Cash and cash equivalents decreased from $2,472 million in 2023 to $1,796 million in 2024, a reduction of 27.4% [23]. Liabilities and Equity - Total liabilities increased from $4,029 million in 2023 to $4,164 million in 2024, an increase of approximately 3.3% [23]. - Long-term debt increased from $1,195 million in 2023 to $1,790 million in 2024, an increase of 49.7% [23]. - The company’s total stockholders' equity rose from $4,654 million in 2023 to $5,105 million in 2024, an increase of 9.7% [23]. Segment Performance - The Communications Solutions Group reported revenue of $894 million in Q4, flat year-over-year, with a 4% growth in commercial communications [7]. - The Electronic Industrial Solutions Group reported revenue of $393 million in Q4, down 6% year-over-year due to manufacturing-related spending constraints [8]. - Aerospace, Defense and Government revenue decreased by 6% to $303 million in Q4'24 compared to $323 million in Q4'23, and decreased by 8% to $1,149 million for FY24 compared to $1,250 million for FY23 [38]. - Commercial Communications revenue increased by 4% to $591 million in Q4'24 compared to $568 million in Q4'23, but decreased by 7% to $2,271 million for FY24 compared to $2,435 million for FY23 [38]. - Electronic Industrial revenue decreased by 6% to $393 million in Q4'24 compared to $420 million in Q4'23, and decreased by 12% to $1,559 million for FY24 compared to $1,779 million for FY23 [38]. - Total revenue for Q4'24 was $1,287 million, a decrease of 2% from $1,311 million in Q4'23, and total revenue for FY24 was $4,979 million, down 9% from $5,464 million in FY23 [38]. Future Projections - For the first fiscal quarter of 2025, revenue is expected to be between $1.265 billion and $1.285 billion, with non-GAAP earnings per share projected between $1.65 and $1.71 [10]. Non-GAAP Financial Measures - Management emphasizes the use of non-GAAP financial measures to provide a clearer view of the company's performance, excluding certain items like acquisition-related costs and share-based compensation [40]. - Core Revenue excludes the impact of foreign currency changes and revenue from recent acquisitions, aiding in the analysis of underlying business trends [40]. - Free cash flow is defined as cash provided by operating activities adjusted for net investments in property, plant, and equipment [40]. - Non-GAAP measures are intended to enhance investors' understanding of the company's ongoing performance and facilitate comparisons with historical data [40]. - Management acknowledges that excluded costs from non-GAAP measures are actual expenses that may impact cash availability [40]. - The company plans to continue evaluating its long-term projected non-GAAP tax rate based on various factors, including geographic earnings mix and tax law changes [40].

Keysight Technologies, Inc. KEYS will release earnings results for its fourth quarter, after the closing bell on Tuesday, Nov. 19.Analysts expect the Santa Rosa, California-based bank to report quarterly earnings at $1.57 per share, down from $1.99 per share in the year-ago period. Keysight projects to report revenue of $1.26 billion for the recent quarter, compared to $1.31 billion a year earlier, according to data from Benzinga Pro.On Oct. 28, Keysight and Analog Devices, Inc. ADI collaborated to create a ...

Demo to Highlight Spectra7's GC1122 and Keysight's AresONE-M 800GE Layer 1-3 Test System ATLANTA, Nov. 19, 2024 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing, and Keysight, a leading provider of electronic design, test, security, and software solutions, announced they will be demonstrating robu ...

Keysight Technologies, Inc. (KEYS) recently announced that it has entered into an agreement to provide its electronic design automation (EDA) software to six of the eight hubs involved in the U.S. Microelectronics Commons (Commons) initiative. This collaborative effort is part of the broader $2 billion, four-year program established under the CHIPS and Science Act to accelerate the development and prototyping of domestic microelectronics hardware, as well as to foster workforce development within the indust ...

Keysight Technologies, Inc. (KEYS) recently announced that it has successfully assisted Samsung Electronics in validating FiRa 2.0 secure test cases on the Exynos Connect U100 chipset. The breakthrough was achieved using Keysight’s state-of-the-art Ultra-Wideband (UWB) test solution, specifically designed to meet the Physical Layer (PHY) conformance testing requirements of UWB devices.UWB is an energy-efficient radio technology that is utilized in high-bandwidth communications due to its precise range acros ...

Wall Street analysts forecast that Keysight (KEYS) will report quarterly earnings of $1.57 per share in its upcoming release, pointing to a year-over-year decline of 21.1%. It is anticipated that revenues will amount to $1.25 billion, exhibiting a decline of 4.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

Keysight Technologies, Inc. (KEYS) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 19, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 6.67% on average. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Based in Santa Rosa, CA, the electronic design company is expected to have recorded a revenue contraction year over year owing to soft demand in Electronic Industrial Solutions Group. However, strong focus on product innovation and p ...

Keysight Technologies, Inc. (KEYS) has joined forces with Analog Devices, Inc. (ADI) to develop a robust testing solution for Gigabit Multimedia Serial Link (GMSL2) devices. This partnership aims to establish effective Physical Medium Attachment (PMA) testing techniques and functionalities tailored for the GMSL2 interface, which helps engineers, designers and manufacturers enhance product quality and safety for Advanced Driver Assistance Systems (ADAS). High-speed serializer/deserializer (SerDes) technology ...

Keysight Technologies, Inc. (KEYS) recently collaborated with Pegatron 5G to enhance the testing and validation of advanced energy-saving features in the latter's Open Radio Unit (O-RU). This collaborative effort employed ETSI-specified energy measurement methods and utilized Keysight's state-of-the-art Open Radio Access Network Architect (KORA) Solutions to ensure that radio access network (RAN) testing meets standards for conformance, interoperability, performance, security and energy efficiency. Since th ...