Keysight Technologies (NYSE:KEYS) shares surged more than 7% after-hours following the company’s reported Q2 results, with EPS of $2.12 coming in better than the consensus estimate of $1.95. Revenue increased 3% year-over-year to $1.39 billion, beating the consensus estimate of $1.38B.
“Keysight delivered a strong quarter with record second quarter revenue, record gross margin, record free cash flow, and above guidance earnings per share demonstrating the resilience of our increasingly diversified business,” said CEO Satish Dhanasekaran.
The company provided its Q3 guidance, expecting revenue in the range of $1.34-$1.39B, compared to the consensus of $1.38B. EPS is expected to be in the range of $2.00-$2.06, compared to the consensus estimate of $1.96.