KEYS Keysight (KEYS) Q1 FY25 earnings call
Keysight delivered strong Q1 FY25 results, with both revenue and EPS surpassing guidance, marking a return to core revenue growth after six quarters. Orders also showed positive momentum for the second consecutive quarter, driven by strength in wireline communications and aerospace and defense. The company maintains its outlook for a gradual recovery in FY25, while actively monitoring potential US policy changes and capitalizing on long-term AI-driven opportunities across its diverse end markets.
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KEYS operating KPIs by quarter
| KPI | This call Jan 2025 Q1 FY25 | Apr 2025 Q2 FY25 | Jul 2025 Q3 FY25 | Oct 2025 Q4 FY25 | Jan 2026 Q1 FY26 | Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Orders | $1.263BFirst quarter revenue of $1.298 billion was above the high end of our guidance range and up 3% on a reported and core basis, while orders of $1.263 billion were up 4% on a reported and core basis.Source: earnings call transcript | $1.316BOrders of $1.316 billion were up 8% on both the reported and core basis.Source: earnings call transcript | $1.34BOrders of $1.340 billion were up 7% on a reported basis or 6% on a core basis.Source: earnings call transcript | $1.533BOrders of $1.533 billion were up 14% on a reported basis or 12% on a core basis.Source: earnings call transcript | $1.645BOrders of $1.645 billion were up 30% on a reported basis and up 22% on a core basis.Source: earnings call transcript | $2.051BQ2 orders of $2.051 billion were up 56% on a reported basis, with acquisitions adding 700 basis points and currency adding 100 basis points.Source: earnings call transcript | $2.091BOrders of $2.091 billion were up 56% on a reported basis.Source: earnings call transcript | +2% |
| Backlog | $2.3BBacklog finished the quarter at $2.3 billion.Source: earnings call transcript | $2.4BKeysight currently has $2.4 billion in backlog and enters Q3 with a solid scheduled shipment position despite the dynamics and uncertainty of the current macroeconomic environment.Source: earnings call transcript | — | — | — | — | — | +4.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.