Financial Performance and Key Metrics - Keysight reported Q4 revenue of $1,419 million, a 10% increase year-over-year, and orders grew 14% to $1,533 million [18][19] - Full year revenue reached $5,375 million, up 8% as reported, with EPS increasing 14% to $7.16 [19][20] - Gross margin for Q4 was 64%, with an operating margin of 26% [19] Business Segment Performance - The Communication Solutions Group (CSG) generated Q4 revenue of $990 million, up 11%, driven by strong wireline and wireless growth [20] - The Electronic Industrial Solutions Group (EISG) reported revenue of $429 million, a 9% increase, with growth in semiconductor and general electronics [20][21] - Software and services accounted for approximately 37% of total revenue, with annual recurring revenue at 29% [20] Market Trends and Key Indicators - Strong demand in wireline driven by AI infrastructure buildouts and technology upgrades, with double-digit growth in orders and revenue [8][20] - Wireless segment saw high single-digit growth, supported by advancements in 5G and early 6G research [10][20] - Aerospace, defense, and government sectors achieved record orders, with an 8% revenue increase, reflecting strong customer engagement in defense modernization [11][20] Company Strategy and Industry Positioning - Keysight's strategy focuses on software-centric solutions and strategic acquisitions to enhance capabilities, including recent acquisitions of Spirent and Synopsys Optical Solutions Group [6][7] - The company is well-positioned to capitalize on trends in AI, 6G, and semiconductor advancements, with a robust pipeline of sales opportunities [5][17] - Keysight aims to achieve over $100 million in synergies from recent acquisitions while maintaining critical investments in R&D [22][23] Management Commentary on Business Environment and Outlook - Management expressed optimism about growth in wireless and wireline segments, anticipating continued demand driven by technological advancements [28][30] - The company expects Q1 2026 revenue to be between $1,530 million and $1,550 million, representing a 19% year-over-year growth at the midpoint [21][22] - Keysight's leadership remains confident in the fundamentals of its business model and long-term shareholder value creation [17][24] Other Important Information - Keysight achieved record free cash flow of $1.3 billion in FY25, with $375 million returned to shareholders through buybacks [7][21] - The company has authorized an additional $1.5 billion share repurchase program [7] Q&A Session Summary Question: Wireless segment outlook for FY2026 - Management is optimistic about wireless growth, driven by stabilization in 5G and investments in advanced technologies [26][28] Question: Growth potential from 1.6 TB per second wireline - The company is well-positioned to continue momentum in wireline, leveraging first-to-market solutions and technological complexity [29][30] Question: Order acceleration details - The significant acceleration in orders is attributed to broad strength across both CSG and EISG businesses, with a robust pipeline for future growth [34][36] Question: M&A revenue contribution cadence - Approximately 30% of the revenue from acquisitions is expected in Q1, with the remainder distributed evenly across the following quarters [61] Question: EPS growth despite dilution from acquisitions - Management indicated that the expected dilution from acquisitions is mild, with low single-digit percentage impacts [66][68] Question: Revenue growth expectations across different segments - AI is expected to be a significant growth driver, with wireline and wireless segments anticipated to grow in line with long-term targets [73][75]

Financial Performance and Key Metrics - Keysight reported fourth quarter revenue of $1,419 million, exceeding guidance and reflecting a 10% increase year-over-year, or 9% on a core basis [16] - Orders for the fourth quarter reached $1,533 million, up 14% on a reported basis or 12% on a core basis [17] - Full year revenue was $5,375 million, an 8% increase as reported, or 7% on a core basis, with earnings per share (EPS) of $7.16, up 14% [17][18] Business Segment Performance - The Communication Solutions Group (CSG) generated fourth quarter revenue of $990 million, up 11% on a reported basis, driven by strong wireline and wireless performance [18] - The Electronic Industrial Solutions Group (EISG) reported revenue of $429 million, a 9% increase on a reported basis, with growth in semiconductor and general electronics [18] - Software and services accounted for approximately 37% of total revenue, with annual recurring revenue at 29% [18] Market Performance - Wireline orders and revenue grew double digits in Q4 and for the full year, driven by AI infrastructure buildouts and technology upgrades [6][10] - Wireless orders and revenue grew high single digits for the full year, supported by ongoing standards evolution and early 6G research [9] - Aerospace, defense, and government sectors saw record orders, with revenue increasing by 8% for the year, reflecting strong customer engagement in defense modernization [10][11] Company Strategy and Industry Competition - Keysight's strategy focuses on software-centric solutions and recent acquisitions to enhance capabilities in AI, 6G, and semiconductor markets [4][5] - The company is well-positioned to capture growth opportunities in emerging technologies, including AI and defense, with a robust sales pipeline [4][10] - Keysight aims to realize over $100 million in synergies from recent acquisitions, which are expected to be accretive to earnings within 12 months post-close [20][21] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about wireless growth in FY2026, driven by stabilization in 5G and advancements in next-gen connectivity [24] - The company anticipates revenue growth in FY2026 to be at or above the high end of its long-term target of 5%-7%, excluding acquisitions [20][22] - Keysight's operating model is expected to generate strong free cash flow, allowing for continued investment in R&D and shareholder returns [5][19] Other Important Information - Keysight achieved record free cash flow of $1.3 billion in FY2025, with $375 million returned to shareholders through buybacks [5][19] - The company has authorized an additional $1.5 billion share repurchase program to support ongoing capital return [5] Q&A Session Summary Question: How does the company see wireless trending in FY2026? - Management is optimistic about wireless growth, driven by stabilization in 5G and investments in advanced technologies [24] Question: What is the expected growth from the adoption of 1.6 TB per second wireline? - The company believes that higher technological complexity will drive growth in wireline, with a strong focus on first-to-market solutions [25] Question: Can you elaborate on the order acceleration and its drivers? - The revenue outperformance was attributed to broad order strength across both CSG and EISG, with a robust pipeline for future growth [27][28] Question: What are the expectations for M&A revenue contributions? - Approximately 30% of the revenue from acquisitions is expected in Q1, with the remainder distributed evenly across the following quarters [39] Question: How does the company plan to achieve operating margin targets? - Management indicated that achieving the 31%-32% operating margin target is further out, with current margins at 26% [47] Question: What is the outlook for software and services revenue growth? - The company expects continued growth in software and services, particularly with the integration of recent acquisitions [56]

Safe Harbor 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 conditional verbs ...

《公告全知道》每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收 购、业绩、解禁、高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前 寻找到投资热点，防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ①华为+6G+商业航天+CPO+储能+低空经济！这家公司6G领域产品已小批量生产；②固态电池+数据中 心+数字经济+锂电池！这家公司签署450亿磷酸铁锂产品合同；③无人驾驶+国企改革！公司成为京东汽 车大客户业务供应商。 前言 ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: Electronics maker Nokia announced on Nov. 21 that it has committed to spending $4 billion to expand its manufacturing and research and development capabilities in the United States. The funds will help the Finland-based company to accelerate innovation in artificial intelligence-ready technologies in mobile, fixed access, internet protocol, ...

Group 1 - The core viewpoint of the article highlights Xiaomi's recent advancements in 6G technology, including air interface optimization, native AI, and integrated sensing [1] - Xiaomi presented two 6G prototypes that passed IMT-2030 testing certification, showcasing their commitment to 6G development [1] - The "end-to-end AI wireless technology prototype verification system" was recognized as one of the "Top Ten Advances" by the Beijing 6G Laboratory [1] Group 2 - The company plans to increase investment in key technology research and standardization efforts related to 6G [1] - Xiaomi aims to drive the era of intelligent connectivity through its ongoing research and development in 6G [1]

格隆汇11月24日丨飞荣达(300602.SZ)在互动平台表示，公司基于自身在电磁屏蔽、导热散热、基站天 线等领域的技术和工艺储备，不断布局通信产业，公司一直持续积极配合客户需求开展新产品开发和新 技术储备。公司产品天线振子、基站天线、特种散热器、导热材料、电磁屏蔽类产品等可应用于 5G/6G。目前，6G通信技术尚处于前沿研究和探索阶段，公司也将积极关注相关领域的发展动态，紧跟 行业技术发展趋势，并为客户提供适配行业发展的产品及解决方案，不断提高综合竞争优势。 ...

2025.11.24 本文字数：827，阅读时长大约2分钟 作者 |一财阿驴 11月24日，A股三大指数集体收涨，截至收盘，上证指数涨0.05%，深证成指涨0.37%，创业板指涨 0.31%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | w | 3836.77 | 1.87 | 0.05% | | 399001 | 深证成指 | Winn | 12585.08 | 47.01 | 0.37% | | 399006 | 创业板指 | while | 2929.04 | 8.97 | 0.31% | 盘面上，军工、卫星导航、低空经济、AI应用、云计算、6G、电商概念股表现活跃；锂电池产业链再 度回调，锂矿方向领跌；海南本地股走弱。 军工板块集体爆发，江龙船艇、久之洋、中船防务、国机精工等超10股涨停。 锂矿股延续调整，盛新锂能跌停，金圆股份、赣锋锂业、天齐锂业等跌幅居前。 | 代码 | 名称 | 涨幅� | 现价 | | --- | --- | --- | --- | | 300 ...

A股三大股指11月24日集体高开。盘初快速下挫后，三大股指早盘震荡下行转跌。午后反转，三大股指直线拉升转涨，但尾盘出现了跳水。 社会服务涨幅居前，君亭酒店（301073）、实朴检测（301228）、中国高科（600730）、国脉科技（002093）等涨停或涨超10%，创业黑马 （300688）、豆神教育（300010）、安车检测（300572）等涨超4%。 石油石化高开低走领跌两市，和顺石油（603353）跌超5%，中国海油（600938）、中国石油（601857）、荣盛石化（002493）、中国石化 （600028）等跌超2%。 煤炭股跌幅靠前，安泰集团（600408）、美锦能源（000723）、晋控煤业（601001）等跌超2%，大有能源（600403）、中国神华（601088）等跌 超1%。 从盘面上看，军工、卫星导航、低空经济、AI应用、云计算、6G、电商概念股表现活跃；锂电池产业链再度回调，锂矿方向领跌；海南本地股走 弱。 至收盘，上证综指涨0.05%，报3836.77点；科创50指数涨0.84%，报1296.6点；深证成指涨0.37%，报12585.08点；创业板指涨0.31%，报2929.04 ...

2025.11. 24 本文字数：827，阅读时长大约2分钟 主力资金全天净流入传媒、航天航空、汽车整车等板块，净流出半导体、电子、证券等板块。 具体到个股来看，蓝色光标、三六零、长城军工获净流入13.17亿元、10亿元、8.42亿元。 净流出方面，工业富联、新易盛、中际旭创遭抛售27.43亿元、11.94亿元、11.13亿元。 作者 | 一财阿驴 11月24日，A股三大指数集体收涨，截至收盘，上证指数涨0.05%，深证成指涨0.37%，创业板指 涨0.31%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | m | 3836.77 | 1.87 | 0.05% | | 399001 | 深证成指 | my | 12585.08 | 47.01 | 0.37% | | 399006 | 创业板指 | While | 2929.04 | 8.97 | 0.31% | 盘面上，军工、卫星导航、低空经济、AI应用、云计算、6G、电商概念股表现活跃；锂电池产业链 再度回调，锂矿方向领跌； ...