Aug. 18 at 8:27 PM
$KEYS
The report is much stronger than the Fabrinet setup.
KEYS reported
$1.846B revenue vs. roughly
$1.75B expected and
$3.07 adjusted EPS vs. ~
$2.48 expected—about a 5.5% revenue beat and ~24% EPS beat. Even more importantly, orders were
$2.091B, the second consecutive quarter above
$2B, and management raised Q4 guidance to
$1.93–1.95B revenue and
$3.34–3.40 EPS.
That forward guidance is exceptionally strong compared with pre-report expectations. Wall Street's Q4 EPS estimate was around
$2.68, while Keysight is guiding to a
$3.37 midpoint—roughly 26% higher.
This is precisely what Fabrinet
$FN lacked: KEYS didn't merely beat the reported quarter; it delivered a major beat-and-raise.
