Keysight Beats Q1 with $2.17 EPS and $1.6B Revenue
Keysight reported Q1 adjusted EPS of $2.17, a 9.3% surprise over $1.99 estimates, up from $1.82 a year ago, with revenue of $1.60 billion, beating forecasts by 3.9% and rising 23.3% year-over-year. Communications Solutions revenue jumped 27.3% to $1.12 billion, while Commercial Communications hit $758 million.
1. Q1 Earnings and Revenue Beats
Keysight reported adjusted EPS of $2.17 for Q1, a 9.3% surprise over the $1.99 consensus and up from $1.82 a year ago. Revenue reached $1.60 billion, surpassing forecasts by 3.9% and marking a 23.3% year-over-year increase.
2. Segment Performance Details
Communications Solutions Group revenue jumped 27.3% to $1.12 billion, topping the $1.06 billion estimate and delivering $309 million in operations income versus $267 million expectations. Commercial Communications climbed 32.5% to $758 million against $712.8 million estimates. Aerospace, Defense & Government grew 17.7% to $366 million, while Electronic Industrial Solutions reached $476 million.
3. Stock Momentum and Outlook
Shares have gained 19.9% year-to-date, outpacing the S&P 500’s 0.9% rise on robust demand in data center and communications markets. Analysts forecast Q2 EPS of $1.87 on $1.49 billion revenue and full-year EPS of $8.06 on $6.18 billion revenue, with sustainability hinging on upcoming earnings commentary.