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Keysight Technologies (KEYS) shares jumped in after-hours trading Tuesday after the company reported its second-quarter results. And when I say jumped, I mean it — the stock was up 8.63% to $373.80 as of Tuesday's extended session.
The reason? A blowout quarter that CEO Satish Dhanasekaran called "the strongest quarter in the company's history."
Keysight reported quarterly earnings of $2.87 per share, crushing the analyst consensus estimate of $2.32 by nearly 24%. Revenue came in at $1.72 billion, also above the $1.71 billion analysts were looking for and up sharply from $1.31 billion in the same period last year.
Dhanasekaran credited "disciplined decisions and strategic investments" made over the past several years for enabling the company to "capitalize on accelerating demand and outperform." He added that with "strong year-to-date momentum and a robust pipeline of opportunities, we are raising our expectations for fiscal 2026."
For the third quarter, Keysight expects earnings per share in the range of $2.43 to $2.49, well above the $2.14 analyst estimate. Revenue is forecast between $1.73 billion and $1.75 billion, versus the $1.64 billion consensus.
Investors seem to be betting that the momentum will continue. The stock's after-hours move suggests the market is rewarding Keysight not just for a great quarter, but for the confidence the company is showing in its future.
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