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Keysight Technologies, Inc. is a global leader in the computing, communications, and electronics market, dedicated to enhancing customer success by tackling critical challenges in product development and commercialization. The company provides a wide array of design and test solutions that support engineering workflows in designing, manufacturing, deploying, and optimizing products and solutions . Keysight's offerings include hardware, software, and services utilized across various industries such as communications, aerospace defense, government, automotive, energy, industrial, general electronics, and semiconductor .
- R&D Solutions - Offers design and test solutions primarily for research and development applications, driving innovation and product development across multiple industries.
- Communications Solutions Group - Develops solutions for the communications sector, adapting to market demand fluctuations and enhancing connectivity technologies .
- Software Solutions - Expands software offerings for simulation and emulation, bolstered by the acquisition of ESI Group SA, to improve product design and testing capabilities .
- Manufacturing and Operations Solutions - Provides tools and services for manufacturing and operational applications, supporting efficient production and deployment processes.
- Recurring Software and Services - Focuses on stable revenue streams through recurring software and service offerings, contributing significantly to the company's revenue growth .
- Given the concentrated nature of AI-driven wireline growth heavily reliant on hyperscaler investments, how sustainable do you believe this trend is, and what steps are you taking to mitigate potential slowdowns in hyperscaler spending?
- With double-digit declines in orders and revenue in the automotive sector and delays in EV and battery testing projects, what strategies are you implementing to address this weakness, and when do you anticipate a meaningful turnaround?
- The delays in U.S. defense budget approvals have impacted your aerospace, defense, and government business; how significant is this impact, and what contingency plans do you have if these delays continue longer than expected?
- You mentioned expecting a gradual recovery in 2025 despite mixed signals in your end markets; what gives you confidence in this outlook, and what are the key risks that could potentially derail this recovery?
- Regarding the pending acquisition of Spirent, can you elaborate on how this acquisition aligns with your strategic objectives, what synergies you expect to achieve, and whether you foresee any challenges in integration or regulatory approval processes?
Recent developments and announcements about KEYS.
Financial Reporting
- Revenue: $1.29 billion (compared to $1.31 billion in Q4 2023)
- GAAP Net Loss: $73 million, or $0.42 per share (compared to GAAP net income of $226 million, or $1.28 per share, in Q4 2023)
- Non-GAAP Net Income: $288 million, or $1.65 per share (compared to $352 million, or $1.99 per share, in Q4 2023)
- Cash Flow from Operations: $359 million (compared to $378 million in Q4 2023)
- Free Cash Flow: $328 million (compared to $340 million in Q4 2023)
- Cash and Cash Equivalents: $1.80 billion as of October 31, 2024
- Revenue: $4.98 billion (compared to $5.46 billion in FY 2023)
- GAAP Net Income: $0.61 billion, or $3.51 per share (compared to $1.06 billion, or $5.91 per share in FY 2023)
- Non-GAAP Net Income: $1.10 billion, or $6.27 per share (compared to $1.49 billion, or $8.33 per share in FY 2023)
- Cash Flow from Operations: $1.05 billion (compared to $1.41 billion in FY 2023)
- Free Cash Flow: $0.91 billion (compared to $1.21 billion in FY 2023)
- Communications Solutions Group (CSG):
- Revenue: $894 million (flat compared to last year)
- Growth in commercial communications driven by AI-related investment
- Decline in aerospace, defense, and government by 6% compared to a record high quarter last year
- Electronic Industrial Solutions Group (EISG):
- Revenue: $393 million (down 6% compared to last year)
- Reflects ongoing constraint in manufacturing-related customer spending
- Revenue: Expected to be in the range of $1.265 billion to $1.285 billion
- Non-GAAP Earnings Per Share: Expected to be in the range of $1.65 to $1.71
- Investor Contact: Paulenier Sims, +1 707-577-2310, paulenier.sims@keysight.com
- Media Contact: Claire Rowberry, +1 339-200-9518, claire.rowberry@non.keysight.com
Earnings Report
Keysight Technologies Reports Fourth Quarter and Fiscal Year 2024 Results
Date: November 19, 2024
Company: Keysight Technologies, Inc. (NYSE: KEYS)
Summary: Keysight Technologies has released its financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024. The company reported strong execution, delivering results above the high end of guidance despite challenging market conditions.
**Fourth Quarter Financial Summary: (Q4 2024) **
**Fiscal Year 2024 Financial Summary: **
**Reporting Segments: **
**Outlook for Q1 2025: **
**Webcast: **
Keysight’s management will present more details about its fourth quarter and fiscal year 2024 financial results and its first quarter FY2025 outlook on a conference call with investors today at 1:30 p.m. PT. The event will be webcast in listen-only mode and can be accessed at www.investor.keysight.com.
**Contact Information: **
Corporate Leadership
Leadership Change
Mark Wallace, Senior Vice President and Chief Customer Officer at Keysight, is retiring by the end of May 2025 for personal reasons. He has been in his current role since September 2022 and with the company since November 2016 as Senior Vice President of Worldwide Sales. No successor has been announced yet .