Movement Alert|Keysight Rises 3.07% in Pre-Market Trading, Q3 Earnings and Q4 Guidance Significantly Beat Expectations

Market Focus
Aug 19

On August 19, Keysight rose 3.07% in pre-market trading, trading at $346.06/share, with turnover of $77,600. The rally was driven by the company's fiscal Q3 results and Q4 guidance both significantly exceeding Wall Street expectations.

Keysight reported fiscal Q3 adjusted EPS of $3.07, well above the consensus estimate of $2.48, while revenue came in at $1.846 billion versus the $1.737 billion estimate, representing 37% year-over-year growth. For fiscal Q4, the company guided adjusted EPS of $3.34 to $3.40 on revenue of $1.93 billion to $1.95 billion, far surpassing analyst expectations of $2.68 and $1.83 billion respectively. Orders exceeded $2 billion for the second consecutive quarter, with AI data center demand driving a 56% year-over-year surge in orders.

Keysight Technologies is a global innovator in computing, communications, and electronics markets, providing hardware, software, and service solutions that support product design, manufacturing, deployment, and optimization workflows.

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