Keysight posts Q4 net loss of $73 million on $315 million Singapore tax charge
Keysight reported fourth-quarter fiscal 2024 revenue of $1.29 billion, down from $1.31 billion a year earlier, and a GAAP net loss of $73 million, or $0.42 per share, driven by a $315 million tax expense tied to a new Singapore tax incentive. Non-GAAP earnings per share fell to $1.65 from $1.99, and the company guided first-quarter fiscal 2025 revenue to $1.265 billion to $1.285 billion, which matters to shareholders because the charge reduced GAAP results while revenue and adjusted earnings declined.
Key points
- Q4 revenue was $1.29 billion versus $1.31 billion a year earlier; GAAP net loss was $73 million, or $0.42 per share, compared with net income of $226 million, or $1.28 per share.
- Non-GAAP net income was $288 million, or $1.65 per share, compared with $352 million, or $1.99 per share, in the fourth quarter of 2023.
- Fiscal 2024 revenue was $4.98 billion versus $5.46 billion; GAAP net income was $0.61 billion, or $3.51 per share.
- First-quarter fiscal 2025 outlook: revenue of $1.265 billion to $1.285 billion and non-GAAP earnings per share of $1.65 to $1.71.
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 November 19, 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.