Keysight Reports Record Q3: Revenue Up 36%, Raises Full-Year Outlook
KEYS has more than doubled off its 52-week low of $152.846 on elevated volume (2.0× avg).
Summary
Keysight posted record Q3 results with revenue up 36% and non-GAAP EPS of $3.07, and guided Q4 revenue to $1.93-$1.95 billion, raising its full-year outlook.
Key Events · Earnings and Guidance · KEYS
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Record Q3 Revenue and Orders
Revenue of $1.85B grew 36% YoY, with orders of $2.09B marking the second consecutive quarter above $2B.
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Earnings Beat
Non-GAAP EPS of $3.07 beat the prior year's $1.72 by 78%, while GAAP EPS of $2.30 more than doubled from $1.10.
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Raised Q4 Guidance
Q4 revenue guided to $1.930B-$1.950B (midpoint ~37% YoY growth) and non-GAAP EPS to $3.34-$3.40, implying continued momentum.
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Segment Strength
Communications Solutions Group revenue surged 43% to $1.345B, led by 56% growth in commercial communications; Electronic Industrial Solutions Group grew 21% to $501M.
Analysis · KEYS · Industrial Applications And Services
Keysight delivered a blowout quarter with revenue up 36% year-over-year to $1.85 billion, driven by 56% growth in commercial communications. Non-GAAP EPS of $3.07 crushed the prior year's $1.72, and the company guided Q4 revenue to $1.93-$1.95 billion — well above the $1.72 billion reported in Q2. The second consecutive quarter of orders over $2 billion signals sustained demand, and management raised the full-year outlook. This is a thesis-affirming print for a company already riding strong momentum from acquisitions and a tariff refund.
At the time of this filing, KEYS was trading at $345.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $58.3B. The 52-week trading range was $152.85 to $374.96. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.