Keysight targets revenue of $1.39 bn in Q3 of 2023 fiscal

Keysight Technologies has reported 3 percent increase in revenue to $1.39 billion for the second fiscal quarter ended April 30, 2023.
“While navigating near-term macro dynamics, we continue to capitalize on growth opportunities and customer investments across multiple markets,” Satish Dhanasekaran, Keysight’s President and CEO, said in its earnings report.

Keysight posted net income of $283 million, or $1.58 per share, compared with $258 million, or $1.41 per share, in the second quarter of 2022.

Keysight’s Communications Solutions Group (CSG) reported revenue of $937 million (–3 percent) in the second quarter, reflecting a 7 percent dip in commercial communications, while aerospace, defense, and government rose 7 percent driven by radar, spectrum operations, space and satellite, and research in 5G and 6G technologies.

Keysight’s Electronic Industrial Solutions Group (EISG) reported revenue of $453 million (+17 percent) in the second quarter, driven by growth across general electronics, semiconductor solutions, and next-generation automotive and energy technologies.

Keysight’s third fiscal quarter of 2023 revenue is expected to be in the range of $1.37 billion to $1.39 billion.