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.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)