Keysight Q3 revenue falls 12% to $1.22 billion; GAAP EPS rises to $2.22 on tax benefit
Keysight reported fiscal third-quarter 2024 results for the period ended July 31, 2024, with revenue of $1.22 billion, down 12% from $1.38 billion a year earlier. GAAP net income rose to $389 million, or $2.22 per share, which includes a 94-cent year-to-date benefit from a change in effective tax rate, while non-GAAP net income fell to $275 million, or $1.57 per share, from $393 million. The company expects fourth-quarter revenue of $1.245 billion to $1.265 billion.
Key points
- Revenue of $1.22 billion versus $1.38 billion in Q3 2023; Communications Solutions Group down 8% and Electronic Industrial Solutions Group down 20%
- GAAP diluted EPS of $2.22 versus $1.61; includes a 94-cent year-to-date benefit from a change in effective tax rate
- Non-GAAP EPS of $1.57 versus $2.19; fourth-quarter fiscal 2024 non-GAAP EPS guidance of $1.53 to $1.59
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 August 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.