Keysight Technologies, the electronic‑design and testing software firm headquartered in Santa Rosa, California, raised its outlook for the fourth quarter, citing strong demand from AI‑driven data‑center builds.
Financial forecast
The company now expects adjusted earnings of $3.34 to $3.40 per share and revenue between $1.93 billion and $1.95 billion for the quarter ending October 31. Analysts had projected earnings of $2.70 per share and revenue of $1.81 billion, according to LSEG data.
Growth drivers
Keysight’s communications‑solutions segment, which accounts for roughly two‑thirds of total sales, saw third‑quarter revenue rise 43% as AI‑powered data‑center expansion boosted demand for transceivers and related components. Within the segment, commercial communications grew 56% while aerospace, defense, and government sales increased 14%.
Overall third‑quarter revenue climbed 36.5% to $1.85 billion, and adjusted profit rose to $3.07 per share, surpassing analysts’ expectations of $2.48 per share and $1.74 billion in revenue.
Outlook
Keysight’s management indicated that continued investment in AI data centers will sustain the momentum, supporting both its software tools and hardware components. The company’s performance highlights the broader trend of AI fueling growth in the technology‑infrastructure sector.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
