Keysight said its fiscal 2024 Q3 (ended July 31) revenue was $1.22 billion, compared with $1.38 billion a year earlier, and its GAAP net income was $389 million, or $2.22 per diluted share.

1. 01

   Keysight said its fiscal 2024 Q3 (ended July 31) revenue was $1.22 billion, compared with $1.38 billion a year earlier, and its GAAP net income was $389 million, or $2.22 per diluted share.

2. 02

   The company said its GAAP net income for Q3 included a year-to-date benefit from a change in effective tax rate, a benefit of 94-cent. Non-GAAP net income was $275 million, or $1.57 per share, compared with $393 million, or $2.19 per share, a year earlier.

3. 03

   The company said Communications Solutions Group revenue for Q3 was $847 million, down 8% from a year earlier, while Electronic Industrial Solutions Group revenue was $370 million, down 20%.

4. 04

   Keysight said cash flow from operations for Q3 was $255 million and free cash flow was $222 million. It expects Q4 revenue to be between $1.245 billion and $1.265 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.