Q4 2023 Summary
Published Jan 4, 2025, 1:15 AM UTCInitial Price$161.47July 31, 2023
Final Price$122.05October 31, 2023
Price Change$-39.42
% Change-24.41%
- 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 ,.