KEYSIGHT TECHNOLOGIES Reports Record Earnings for FY2023 Q3
August 23, 2023
🌥️Earnings Overview
On August 17, 2023, KEYSIGHT TECHNOLOGIES ($NYSE:KEYS) reported its financial results for the third quarter ending July 31, 2023. Total revenue for the quarter was USD 1382.0 million, a slight increase of 0.4 percent compared to the same period in the prior year. Net income for the quarter, however, decreased 14.8 percent year over year to USD 288.0 million.
Market Price
On Thursday, KEYSIGHT TECHNOLOGIES reported record earnings for the third quarter of fiscal year 2023 with its stock opening at $151.9 and closing at $150.0, down by 0.5% from the previous closing price of 150.8. This growth was largely attributed to the company’s expanding portfolio of products and services as well as its strategic partnerships and acquisitions. KEYSIGHT TECHNOLOGIES’ strong performance in this quarter is an encouraging indicator that the company will continue to remain a leader in the industry. With an impressive range of products and services, as well as their global network of customers, KEYSIGHT TECHNOLOGIES is well-positioned to capitalize on future growth opportunities in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Keysight Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 5.6k | 1.13k | 20.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Keysight Technologies. More…
| Operations | Investing | Financing |
| 1.43k | -311 | -386 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Keysight Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.83k | 3.93k | 27.54 |
Key Ratios Snapshot
Some of the financial key ratios for Keysight Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 26.9% | 27.3% |
| FCF Margin | ROE | ROA |
| 21.7% | 19.9% | 10.8% |
Analysis
As GoodWhale, we have conducted an analysis of KEYSIGHT TECHNOLOGIES‘ financials and found that it is a high risk investment in terms of both financial and business aspects. Our Risk Rating system has identified two risk warnings in the company’s balance sheet and non financial information. To gain access to the detailed report, we invite you to register on goodwhale.com. Our analysis will effectively help you to make informed decisions about your investments and better manage your portfolio. More…
Peers
The company’s products and services are used in a variety of industries, including telecommunications, aerospace and defense, automotive, and semiconductor. Keysight’s main competitors are Sensata Technologies Holding PLC, Horiba Ltd, and ESCO Technologies Inc.
– Sensata Technologies Holding PLC ($NYSE:ST)
Sensata Technologies Holding PLC is a company that manufactures and sells sensors and sensing solutions. The company has a market cap of 6.47B as of 2022 and a Return on Equity of 11.06%. The company’s products are used in a variety of applications, including automotive, appliance, aircraft, industrial, military, and other applications.
– Horiba Ltd ($TSE:6856)
As of 2022, Horiba Ltd has a market cap of 251.07B and a return on equity of 9.91%. The company is a leading provider of measurement and analytical instruments. Its products are used in a wide range of industries, including automotive, semiconductor, environmental, life science, and solar energy.
– ESCO Technologies Inc ($NYSE:ESE)
Comtech Telecommunications Corp. is a world leader in secure and highly reliable communications technologies. The company designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech’s solutions are used in a variety of mission-critical and commercial applications, including air traffic control, emergency response, public safety, satellite communications, commercial aviation, ground transportation and more.
Comtech’s products include high-power amplifiers, modem systems, solid-state power amplifiers, frequency upconverters and block upconverters, satellite transponders, ground station equipment, mobile satellite equipment and more. The company’s solutions enable customers to increase capacity, improve performance and extend coverage.
Comtech’s products are used by leading communications service providers, broadcasters, governments and enterprises around the world. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol “CMTL”.
Summary
Investors in KEYSIGHT TECHNOLOGIES should note that the company’s total revenue for the third quarter of 2023 increased slightly by 0.4%, but its net income fell 14.8% compared to the same period in the prior year. This indicates that the company is not as profitable as it once was, and investors may want to exercise caution when considering investing in KEYSIGHT TECHNOLOGIES. However, it is also important to consider the company’s financial performance over a longer period of time before making any investment decision.
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