On August 19, Keysight rose 3.38% overnight, trading at $352.52/share, with turnover of $459,900. The rally was driven by the company's fiscal Q3 earnings release, which substantially exceeded Wall Street expectations on both the top and bottom lines.

Keysight reported fiscal Q3 adjusted EPS of $3.07, well above the consensus estimate of $2.48, and up from $1.72 a year earlier. Revenue came in at $1.846 billion, compared with the $1.737 billion estimate, representing 37% year-over-year growth from $1.35 billion. The company posted orders exceeding $2 billion for the second consecutive quarter, with AI data center demand driving a 56% year-over-year surge in orders.

The Q4 guidance was equally strong, with projected adjusted EPS of $3.34 to $3.40 versus the $2.68 consensus, and revenue of $1.93 billion to $1.95 billion versus the $1.83 billion estimate. Prior to the earnings release, the stock had declined approximately 3% during the regular session amid cautious pre-report sentiment, making the post-earnings rebound particularly notable.

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