Achieved Record Q2 Orders and All-time Record Revenue, and Raises Fiscal Year Outlook.
'The Keysight team delivered another strong quarter, exceeding the high end of our revenue and EPS guidance. Demand for our broad-based portfolio of differentiated solutions remains strong. We executed well and successfully navigated the geopolitical and supply chain challenges within the quarter,' said
Second Quarter Financial Summary
Orders grew 9 percent to reach
Revenue grew 11 percent to reach
GAAP net income was
Non-GAAP net income was
Keysight acquired approximately 1.9 million shares in the open market at an average share price of
As of
Reporting Segments
Communications
CSG reported revenue of
EISG reported revenue of
Outlook
Keysight's third fiscal quarter of 2022 revenue is expected to be in the range of
Webcast
Keysight's management will present more details about its second quarter FY2022 financial results and its third quarter FY2022 outlook on a conference call with investors today at
Forward-Looking Statements
This communication contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The words 'expect,' 'intend,' 'will,' 'should,' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could significantly affect the expected results and are based on certain key assumptions of Keysight's management and on currently available information. Due to such uncertainties and risks, no assurances can be given that such expectations or assumptions will prove to have been correct, and readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement. The forward-looking statements contained herein include, but are not limited to, predictions, future guidance, projections, beliefs, and expectations about the company's goals, revenues, financial condition, earnings, impacts of US export control regulations, and operations that involve risks and uncertainties that could cause Keysight's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, impacts to the supply chain; government mandates related to Covid-19 and its variants; export control regulations and compliance; net zero emissions commitments; increasing geopolitical tension in regions outside of the
In addition to the risks above, other risks that Keysight faces include those detailed in Keysight's filings with the
Segment Data
Segment data reflect the results of our reportable segments under our management reporting system. Segment data are provided on page 5 of the attached tables.
Use of Non-GAAP Financial Measures
In addition to financial information prepared in accordance with
Core Revenue
Non-GAAP Net Income/Earnings
Non-GAAP Net Income per share/Earnings per share
Income per share is based on weighted average diluted share count. See the attached supplemental schedules for reconciliations of each non-GAAP financial measure to its most directly comparable GAAP financial measure for the three months ended
About
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight's dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow's technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of
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Additional information about
Keysight Contact:
1 941 888-2388
denise.idone@keysight.com
+1 707 577-6916
jason.kary@keysight.com
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