Keysight Technologies reported third-quarter earnings that surpassed analyst projections, with adjusted earnings per share of $3.07, $0.59 above the consensus estimate of $2.48. Revenue for the quarter totaled $1.84 billion, exceeding the $1.75 billion forecast.
The company also raised its outlook for the fourth quarter, projecting earnings per share in the range of $3.34 to $3.40, compared with the prior consensus of $2.68. Revenue guidance was similarly increased to $1.93 billion to $1.95 billion, up from the $1.82 billion estimate.
Keysight’s stock closed at $341.00, reflecting a 1.6% decline over the past three months but a 108.7% gain over the last 12 months. Analysts have revised earnings estimates upward in the past 90 days, with 11 positive revisions and none negative. The company’s financial health score, as assessed by InvestingPro, was rated as "good performance."
The results underscore sustained demand in Keysight’s core markets, including electronics design and test solutions, as the company positions itself for continued growth in the near term.
