Keysight Q2 revenue falls 13% to $1.22 billion; EPS drops, full-year outlook unchanged
Keysight reported second-quarter fiscal 2024 revenue of $1.22 billion, down from $1.39 billion a year earlier, and GAAP diluted EPS of $0.72 versus $1.58. The company said results were above the high end of its guidance and left its full-year outlook unchanged, while its third-quarter guidance calls for revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
Key points
- Q2 revenue was $1.22 billion, down 13% from $1.39 billion in Q2 2023.
- GAAP net income was $126 million, or $0.72 per diluted share, versus $283 million, or $1.58, a year earlier.
- Non-GAAP EPS was $1.41, compared with $2.12 in Q2 2023.
- Q3 fiscal 2024 guidance: revenue of $1.18 billion to $1.20 billion and non-GAAP EPS of $1.30 to $1.36.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.