Keysight beats Q2 earnings estimates, raises full-year outlook on strong AI and semiconductor demand

Keysight Technologies reported Q2 earnings of $2.87 per share, surpassing analyst estimates of $2.32, with revenue up 31% year-over-year to $1.72 billion. The company saw a 56% increase in orders, driven by strong demand in AI-related businesses, semiconductor, automotive, and communications sectors. Keysight also generated a record free cash flow of $472 million and ended the quarter with over $2.4 billion in cash. The company raised its full-year revenue growth forecast to the high-20% range, citing strong demand visibility and a robust customer pipeline, and expects Q3 earnings and revenue to exceed analyst expectations.