By Dean Seal
Keysight Technologies handily beat Wall Street expectations in the second quarter and set its sights for more gains in the months to come.
The software and hardware maker expects $1.73 billion to $1.75 billion in revenue for the quarter that ends in late July, above current analyst targets for $1.65 billion, according to FactSet. Third-quarter adjusted earnings should hit $2.43 to $2.49 a share, ahead of estimates for $2.16 a share.
The upbeat forecast comes after what Chief Executive Satish Dhanasekaran called the strongest quarter in the company's history for orders, revenue, earnings and cash flow.
Keysight posted a fiscal second-quarter profit of $349 million, or $2.02 a share, up from $257 million, or $1.49 a share, in the same quarter a year earlier.
Adjusted earnings for the quarter, which ended April 30, were $2.87 a share. That topped analyst projections for $2.32 a share.
Revenue topped Wall Street views as well, climbing 31% to $1.72 billion with gains across its communications solutions and electronic industrial unit. The company's order book was almost 56% higher at $2.05 billion.
Keysight shares jumped 8% to $372.04 after hours.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 19, 2026 16:30 ET (20:30 GMT)
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