Keysight Q3 revenue rises 11% to $1.35 billion; full-year outlook raised
Keysight reported fiscal third-quarter 2025 results for the period ended July 31, 2025, with revenue of $1.35 billion, up from $1.22 billion a year earlier, and non-GAAP earnings of $1.72 per share, up from $1.57. GAAP net income fell to $191 million ($1.10 per share) from $389 million ($2.22 per share), in part because the prior-year quarter included a $176 million tax benefit. The company raised its full-year outlook, expecting fiscal 2025 revenue growth of about 7 percent and non-GAAP EPS growth of about 13 percent at the midpoint of its fourth-quarter guidance.
- Q3 revenue was $1.35 billion versus $1.22 billion a year earlier; Communications Solutions Group revenue rose 11% to $940 million and Electronic Industrial Solutions Group rose 11% to $412 million.
- Non-GAAP diluted EPS was $1.72 versus $1.57; GAAP diluted EPS was $1.10 versus $2.22.
- Fourth-quarter fiscal 2025 revenue is expected to be $1.370 billion to $1.390 billion, with non-GAAP EPS of $1.79 to $1.85.
- Cash, cash equivalents and restricted cash totaled $3.40 billion as of July 31, 2025; free cash flow for the quarter was $291 million.