Keysight Technologies posted Q2 revenue of $1.39 billion, up 3% compared with $1.35 billion last year, or 5 percent on a core basis, which excludes the impact of foreign currency changes and revenue associated with businesses acquired or divested within the last twelve months. Non-GAAP net income was $380 million, or $2.12 per share, compared with $334 million, or $1.83 per share in the second quarter of 2022.
“Keysight delivered a strong quarter with record second quarter revenue, record gross margin, record free cash flow, and above guidance earnings per share demonstrating the resilience of our increasingly diversified business,” said Satish Dhanasekaran, Keysight’s President and CEO. “While navigating near-term macro dynamics, we continue to capitalize on growth opportunities and customer investments across multiple markets.”
- Communications Solutions Group (CSG) revenue ws $937 million in the second quarter, down 3 percent over last year, reflecting a 7 percent decline in commercial communications, while aerospace, defense, and government increased 7 percent driven by radar, spectrum operations, space and satellite, and research in 5G and 6G technologies.
- Electronic Industrial Solutions Group (EISG) revenue was $453 million in the second quarter, up 17 percent over last year, driven by growth across general electronics, semiconductor solutions, and next-generation automotive and energy technologies.
