Q4 2023 Earnings Summary
Reported on Jan 4, 2025 (After Market Close)
Pre-Earnings Price$134.92Last close (Nov 20, 2023)
Post-Earnings Price$137.53Open (Nov 21, 2023)
Price Change
$2.61(+1.93%)
- Keysight remains confident in its long-term growth drivers, with multiple overlapping waves of technology across wired and wireless ecosystems, enabling continued growth after demand normalization.
- Strong customer engagement in new technologies like AI/ML, 5G, Open RAN, and non-terrestrial networks is contributing to sequential improvements in orders and positioning Keysight well for future growth.
- Increased investments in Aerospace and Defense technology are driving a stronger uptick in that segment, which bodes well for 2024.
- Delays in semiconductor fab construction are pushing revenues into late FY2024 and early FY2025, as forward-looking demand has been postponed due to these delays, affecting backlog recognition , ,.
- Sequential revenue decline in the Electronic Industrial Solutions Group (EISG) is expected to be larger than historical averages, particularly impacting the upcoming quarter, with orders down more than historical averages , ,.
- Demand normalization after outsized growth in fiscal 2021 and 2022 is leading to slowed growth in certain segments, indicating that previous high growth rates may not continue ,.
Research analysts covering Keysight Technologies.